Kennedy Capital Management LLC Sells 112,039 Shares of SM Energy Company $SM

Kennedy Capital Management LLC reduced its position in shares of SM Energy Company (NYSE:SM) by 25.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 336,570 shares of the energy company’s stock after selling 112,039 shares during the period. Kennedy Capital Management LLC’s holdings in SM Energy were worth $8,317,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Invesco Ltd. grew its position in shares of SM Energy by 22.2% in the second quarter. Invesco Ltd. now owns 2,289,314 shares of the energy company’s stock valued at $56,569,000 after purchasing an additional 415,454 shares during the last quarter. CW Advisors LLC boosted its stake in SM Energy by 7.4% during the 2nd quarter. CW Advisors LLC now owns 142,602 shares of the energy company’s stock valued at $3,524,000 after purchasing an additional 9,820 shares during the period. Thomist Capital Management LP acquired a new stake in SM Energy in the 2nd quarter valued at approximately $931,000. Arrowstreet Capital Limited Partnership increased its position in SM Energy by 182.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,082,414 shares of the energy company’s stock worth $26,746,000 after buying an additional 699,115 shares during the period. Finally, Edgestream Partners L.P. bought a new position in SM Energy in the 2nd quarter worth approximately $3,409,000. 94.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SM. Weiss Ratings restated a “hold (c-)” rating on shares of SM Energy in a research note on Wednesday, October 8th. Wells Fargo & Company dropped their price objective on shares of SM Energy from $30.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, October 17th. Susquehanna reduced their target price on shares of SM Energy to $27.00 and set a “neutral” rating for the company in a research note on Monday, October 20th. Roth Capital set a $28.00 price target on SM Energy in a research note on Monday, November 3rd. Finally, Mizuho set a $38.00 price objective on SM Energy in a report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, SM Energy has a consensus rating of “Hold” and an average target price of $36.64.

SM Energy Stock Up 0.2%

NYSE SM opened at $20.24 on Friday. SM Energy Company has a 1-year low of $17.58 and a 1-year high of $44.95. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of 3.19 and a beta of 1.16. The stock’s 50 day moving average is $20.97 and its two-hundred day moving average is $24.52. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.49.

SM Energy (NYSE:SM) last issued its earnings results on Monday, November 3rd. The energy company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.08. The business had revenue of $811.59 million during the quarter, compared to analysts’ expectations of $838.24 million. SM Energy had a return on equity of 16.67% and a net margin of 22.03%.SM Energy’s quarterly revenue was up 26.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.62 EPS. Equities analysts forecast that SM Energy Company will post 8.1 earnings per share for the current fiscal year.

SM Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 3rd. Stockholders of record on Friday, October 17th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Friday, October 17th. SM Energy’s payout ratio is currently 12.62%.

SM Energy Company 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.