SM Energy (NYSE:SM) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP grew its position in SM Energy (NYSE:SM) by 102.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,505 shares of the energy company’s stock after purchasing an additional 26,109 shares during the quarter. Quantbot Technologies LP’s holdings in SM Energy were worth $1,996,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of SM. Gallacher Capital Management LLC raised its stake in SM Energy by 4.5% during the 4th quarter. Gallacher Capital Management LLC now owns 8,206 shares of the energy company’s stock worth $318,000 after acquiring an additional 350 shares in the last quarter. Dana Investment Advisors Inc. raised its stake in SM Energy by 1.7% during the 4th quarter. Dana Investment Advisors Inc. now owns 33,392 shares of the energy company’s stock worth $1,294,000 after acquiring an additional 556 shares in the last quarter. Empirical Finance LLC raised its stake in SM Energy by 2.5% during the 4th quarter. Empirical Finance LLC now owns 24,739 shares of the energy company’s stock worth $959,000 after acquiring an additional 605 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in SM Energy by 5.9% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 12,214 shares of the energy company’s stock worth $473,000 after acquiring an additional 677 shares in the last quarter. Finally, Heritage Family Offices LLP raised its stake in SM Energy by 13.2% during the 4th quarter. Heritage Family Offices LLP now owns 6,237 shares of the energy company’s stock worth $242,000 after acquiring an additional 726 shares in the last quarter. 94.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other SM Energy news, Director Barton R. Brookman, Jr. purchased 7,000 shares of SM Energy stock in a transaction on Wednesday, February 26th. The shares were bought at an average price of $32.36 per share, with a total value of $226,520.00. Following the completion of the acquisition, the director now directly owns 14,666 shares of the company’s stock, valued at approximately $474,591.76. This trade represents a 91.31 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

SM has been the topic of a number of recent research reports. Williams Trading set a $41.00 price objective on shares of SM Energy in a research note on Wednesday, March 5th. Stephens restated an “overweight” rating and issued a $57.00 price objective on shares of SM Energy in a research note on Thursday, January 2nd. StockNews.com lowered shares of SM Energy from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Truist Financial lifted their price objective 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. Finally, Wells Fargo & Company dropped their price objective on shares of SM Energy from $47.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 17th. Seven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.00.

SM Energy Stock Down 0.8 %

Shares of NYSE:SM opened at $30.68 on Monday. The company has a market cap of $3.51 billion, a price-to-earnings ratio of 4.59 and a beta of 4.14. SM Energy has a fifty-two week low of $26.66 and a fifty-two week high of $53.26. The firm’s 50-day simple moving average is $36.02 and its 200-day simple moving average is $39.74. The company has a quick ratio of 3.52, a current ratio of 0.55 and a debt-to-equity ratio of 0.66.

SM Energy (NYSE:SM) last released its quarterly earnings data on Wednesday, February 19th. The energy company reported $1.91 EPS for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.09). The company had revenue of $852.22 million for the quarter, compared to analysts’ expectations of $849.44 million. SM Energy had a return on equity of 19.82% and a net margin of 28.63%. As a group, equities research analysts predict that SM Energy will post 8.1 earnings per share for the current year.

SM Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 24th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date was Friday, January 24th. SM Energy’s dividend payout ratio is currently 11.98%.

About SM Energy

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.