Grantham Mayo Van Otterloo & Co. LLC Sells 40,200 Shares of SM Energy Company $SM

Grantham Mayo Van Otterloo & Co. LLC trimmed its position in shares of SM Energy Company (NYSE:SM) by 10.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 335,805 shares of the energy company’s stock after selling 40,200 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in SM Energy were worth $8,385,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. CSM Advisors LLC bought a new stake in shares of SM Energy in the 2nd quarter valued at about $4,134,000. Congress Asset Management Co. grew its holdings in SM Energy by 19.9% during the third quarter. Congress Asset Management Co. now owns 1,212,775 shares of the energy company’s stock worth $30,283,000 after purchasing an additional 201,704 shares during the period. Prudential Financial Inc. grew its holdings in SM Energy by 33.1% during the second quarter. Prudential Financial Inc. now owns 294,546 shares of the energy company’s stock worth $7,278,000 after purchasing an additional 73,240 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH increased its position in SM Energy by 135.2% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 254,766 shares of the energy company’s stock worth $6,362,000 after buying an additional 146,444 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in SM Energy during the second quarter worth approximately $1,709,000. Institutional investors and hedge funds own 94.56% of the company’s stock.

SM Energy Trading Up 0.2%

Shares of SM stock opened at $26.02 on Tuesday. SM Energy Company has a 12-month low of $17.45 and a 12-month high of $32.26. The company has a market capitalization of $2.98 billion, a PE ratio of 4.60 and a beta of 1.03. The firm has a 50 day moving average price of $20.54 and a two-hundred day moving average price of $21.74. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.48.

SM Energy (NYSE:SM) last posted its earnings results on Wednesday, February 25th. The energy company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.73 by $0.10. The company had revenue of $704.92 million for the quarter, compared to the consensus estimate of $764.40 million. SM Energy had a return on equity of 13.47% and a net margin of 20.55%.The firm’s revenue for the quarter was down 17.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.91 earnings per share. As a group, analysts predict that SM Energy Company will post 8.1 earnings per share for the current year.

SM Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Monday, March 9th will be paid a $0.22 dividend. This is a boost from SM Energy’s previous quarterly dividend of $0.20. The ex-dividend date is Monday, March 9th. This represents a $0.88 annualized dividend and a yield of 3.4%. SM Energy’s dividend payout ratio is presently 14.16%.

Analysts Set New Price Targets

SM has been the subject of a number of recent analyst reports. Zacks Research raised SM Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, February 16th. Siebert Williams Shank lowered SM Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 18th. Susquehanna dropped their price target on SM Energy from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Monday, January 26th. KeyCorp cut their price target on SM Energy from $36.00 to $28.00 and set an “overweight” rating for the company in a report on Wednesday, December 10th. Finally, TD Cowen raised shares of SM Energy to a “strong-buy” rating in a research report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $31.22.

SM Energy Profile

SM Energy Company (NYSE: SM) is an independent energy firm engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company focuses on identifying and exploiting unconventional onshore basins, leveraging advanced drilling and completion techniques to optimize resource recovery. SM Energy’s operations are supported by an integrated approach to reservoir management and strategic midstream partnerships, enabling efficient transportation and marketing of hydrocarbons.

The company’s core asset areas include prolific basins such as the Permian, Eagle Ford, and the Rocky Mountain region.