Thrivent Financial for Lutherans Increases Position in SM Energy Company $SM

Thrivent Financial for Lutherans increased its stake in SM Energy Company (NYSE:SM) by 31.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 119,093 shares of the energy company’s stock after acquiring an additional 28,472 shares during the period. Thrivent Financial for Lutherans owned about 0.10% of SM Energy worth $2,227,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in SM Energy by 0.5% in the third quarter. Dimensional Fund Advisors LP now owns 5,921,769 shares of the energy company’s stock worth $147,876,000 after purchasing an additional 30,951 shares during the last quarter. American Century Companies Inc. lifted its stake in SM Energy by 8.9% in the third quarter. American Century Companies Inc. now owns 4,585,624 shares of the energy company’s stock worth $114,503,000 after purchasing an additional 375,754 shares during the last quarter. Woodline Partners LP lifted its stake in SM Energy by 198.9% in the third quarter. Woodline Partners LP now owns 2,429,518 shares of the energy company’s stock worth $60,665,000 after purchasing an additional 1,616,822 shares during the last quarter. Invesco Ltd. lifted its stake in SM Energy by 1.5% in the third quarter. Invesco Ltd. now owns 2,323,065 shares of the energy company’s stock worth $58,007,000 after purchasing an additional 33,751 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in SM Energy by 53.5% in the third quarter. Bank of America Corp DE now owns 1,756,496 shares of the energy company’s stock worth $43,860,000 after purchasing an additional 612,444 shares during the last quarter. 94.56% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on SM. JPMorgan Chase & Co. raised shares of SM Energy from a “neutral” rating to an “overweight” rating and set a $40.00 price target for the company in a research note on Friday, March 20th. National Bank Financial set a $30.00 price target on shares of SM Energy in a research note on Tuesday, March 17th. BMO Capital Markets boosted their price target on shares of SM Energy from $26.00 to $33.00 and gave the stock a “market perform” rating in a research note on Thursday, April 2nd. Siebert Williams Shank raised shares of SM Energy from a “hold” rating to a “buy” rating and boosted their price target for the stock from $30.00 to $41.00 in a research note on Thursday, May 14th. Finally, Truist Financial boosted their price target on shares of SM Energy from $38.00 to $39.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, SM Energy presently has an average rating of “Moderate Buy” and a consensus price target of $36.79.

SM Energy Stock Performance

Shares of NYSE:SM opened at $33.80 on Tuesday. The company has a market cap of $8.10 billion, a price-to-earnings ratio of 14.20 and a beta of 0.73. The company has a 50-day moving average price of $30.05 and a 200-day moving average price of $23.57. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.98. SM Energy Company has a 12 month low of $17.45 and a 12 month high of $35.88.

SM Energy (NYSE:SM) last issued its quarterly earnings data on Wednesday, May 6th. The energy company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.13 by $0.42. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.42 billion. SM Energy had a net margin of 3.45% and a return on equity of 13.93%. The company’s quarterly revenue was up 75.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.76 earnings per share. As a group, equities analysts anticipate that SM Energy Company will post 7.47 EPS for the current year.

Insider Activity at SM Energy

In other news, Director Ramiro G. Peru sold 24,553 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $33.98, for a total transaction of $834,310.94. Following the completion of the transaction, the director directly owned 65,964 shares of the company’s stock, valued at approximately $2,241,456.72. This represents a 27.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.45% of the company’s stock.

SM Energy Company 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.