Oakworth Capital Inc. Purchases Shares of 6,408 SM Energy (NYSE:SM)

Oakworth Capital Inc. purchased a new stake in shares of SM Energy (NYSE:SM) during the 4th quarter, Holdings Channel.com reports. The fund purchased 6,408 shares of the energy company’s stock, valued at approximately $248,000.

Several other large investors have also added to or reduced their stakes in SM. Meritage Portfolio Management lifted its holdings in shares of SM Energy by 12.4% in the fourth quarter. Meritage Portfolio Management now owns 12,876 shares of the energy company’s stock worth $499,000 after buying an additional 1,423 shares in the last quarter. Foster & Motley Inc. purchased a new position in shares of SM Energy in the fourth quarter worth $342,000. R Squared Ltd purchased a new position in shares of SM Energy in the fourth quarter worth $61,000. Moody Aldrich Partners LLC lifted its holdings in shares of SM Energy by 31.4% in the fourth quarter. Moody Aldrich Partners LLC now owns 132,267 shares of the energy company’s stock worth $5,127,000 after buying an additional 31,582 shares in the last quarter. Finally, KBC Group NV lifted its holdings in shares of SM Energy by 46.2% in the fourth quarter. KBC Group NV now owns 4,854 shares of the energy company’s stock worth $188,000 after buying an additional 1,533 shares in the last quarter. Hedge funds and other institutional investors own 94.56% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. TD Cowen raised shares of SM Energy from a “hold” rating to a “buy” rating and lowered their target price for the stock from $64.00 to $60.00 in a report on Tuesday, October 15th. Truist Financial upped their price target on shares of SM Energy from $42.00 to $45.00 and gave the company a “hold” rating in a research note on Monday, January 13th. KeyCorp decreased their price target on shares of SM Energy from $65.00 to $60.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Susquehanna decreased their price target on shares of SM Energy from $48.00 to $46.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $53.00 price target (up previously from $51.00) on shares of SM Energy in a research note on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $51.90.

SM Energy Trading Down 1.1 %

SM stock opened at $37.86 on Thursday. The firm’s fifty day simple moving average is $40.59 and its two-hundred day simple moving average is $42.27. The company has a quick ratio of 3.52, a current ratio of 3.52 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $4.33 billion, a price-to-earnings ratio of 5.29 and a beta of 4.11. SM Energy has a twelve month low of $35.77 and a twelve month high of $53.26.

SM Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 24th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date was Friday, January 24th. SM Energy’s dividend payout ratio (DPR) is presently 11.17%.

SM Energy Profile

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, gas, and natural gas liquids in the state of Texas. It has working interests in oil and gas producing wells in the Midland Basin and South Texas. The company was formerly known as St.