SM Energy Company $SM Shares Sold by Meeder Asset Management Inc.

Meeder Asset Management Inc. lessened its stake in SM Energy Company (NYSE:SM) by 22.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 65,374 shares of the energy company’s stock after selling 18,450 shares during the period. Meeder Asset Management Inc.’s holdings in SM Energy were worth $2,038,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in SM. Mitsubishi UFJ Trust & Banking Corp boosted its position in SM Energy by 96.1% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 114,609 shares of the energy company’s stock worth $2,143,000 after purchasing an additional 56,160 shares in the last quarter. Denali Advisors LLC grew its holdings in SM Energy by 22.2% in the fourth quarter. Denali Advisors LLC now owns 300,000 shares of the energy company’s stock valued at $5,610,000 after purchasing an additional 54,428 shares during the period. SG Americas Securities LLC increased its position in shares of SM Energy by 279.7% in the fourth quarter. SG Americas Securities LLC now owns 150,329 shares of the energy company’s stock valued at $2,811,000 after buying an additional 110,735 shares in the last quarter. UBS Group AG increased its position in shares of SM Energy by 23.0% in the fourth quarter. UBS Group AG now owns 666,070 shares of the energy company’s stock valued at $12,456,000 after buying an additional 124,448 shares in the last quarter. Finally, Wedge Capital Management L L P NC raised its stake in shares of SM Energy by 16.6% during the 4th quarter. Wedge Capital Management L L P NC now owns 617,859 shares of the energy company’s stock worth $11,554,000 after buying an additional 87,834 shares during the period. Institutional investors and hedge funds own 94.56% of the company’s stock.

SM Energy Stock Performance

Shares of NYSE:SM opened at $31.29 on Tuesday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.39 and a quick ratio of 0.39. SM Energy Company has a 1 year low of $17.45 and a 1 year high of $35.88. The firm has a market capitalization of $7.50 billion, a PE ratio of 13.15 and a beta of 0.73. The business’s 50 day moving average price is $30.11 and its 200-day moving average price is $26.50.

SM Energy (NYSE:SM) last posted 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. SM Energy had a return on equity of 13.93% and a net margin of 3.45%.The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the prior year, the company earned $1.76 EPS. The firm’s revenue was up 75.0% compared to the same quarter last year. As a group, equities research analysts expect that SM Energy Company will post 7.13 earnings per share for the current fiscal year.

SM Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Monday, June 8th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, June 8th. SM Energy’s dividend payout ratio (DPR) is currently 36.97%.

Insider Buying and Selling at SM Energy

In related news, Director Ramiro G. Peru sold 24,553 shares of the business’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 transaction, the director directly owned 65,964 shares in the company, valued at approximately $2,241,456.72. The trade was a 27.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.45% of the company’s stock.

Wall Street Analysts Forecast Growth

SM has been the topic of a number of research analyst reports. KeyCorp lifted their price target on shares of SM Energy from $29.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, April 2nd. Mizuho reduced their price objective on shares of SM Energy from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Tuesday, July 7th. Weiss Ratings raised shares of SM Energy from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Wall Street Zen upgraded shares of SM Energy from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Raymond James Financial raised shares of SM Energy from an “underperform” rating to an “outperform” rating and set a $55.00 target price for the company in a research note on Wednesday, May 20th. Ten equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, SM Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.93.

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.