Segall Bryant & Hamill LLC Has $6.96 Million Stock Holdings in SM Energy Company $SM

Segall Bryant & Hamill LLC increased its position in shares of SM Energy Company (NYSE:SM) by 57.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 223,193 shares of the energy company’s stock after acquiring an additional 81,754 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in SM Energy were worth $6,959,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Torren Management LLC increased its stake in SM Energy by 4,561.1% in the first quarter. Torren Management LLC now owns 839 shares of the energy company’s stock valued at $26,000 after purchasing an additional 821 shares in the last quarter. Center for Financial Planning Inc. bought a new position in shares of SM Energy during the first quarter worth $31,000. Valued Wealth Advisors LLC acquired a new position in shares of SM Energy in the 1st quarter valued at $33,000. Assetmark Inc. bought a new stake in shares of SM Energy in the 1st quarter valued at $35,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of SM Energy by 332.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,129 shares of the energy company’s stock valued at $35,000 after buying an additional 868 shares in the last quarter. Institutional investors and hedge funds own 94.56% of the company’s stock.

SM Energy Price Performance

Shares of NYSE SM opened at $32.42 on Monday. The company has a fifty day moving average price of $29.96 and a 200 day moving average price of $27.37. The firm has a market cap of $7.77 billion, a PE ratio of 13.62 and a beta of 0.73. 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 1-year low of $17.45 and a 1-year high of $35.88.

SM Energy (NYSE:SM) last released its quarterly earnings results on Wednesday, May 6th. The energy company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.42. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.42 billion. SM Energy had a return on equity of 13.93% and a net margin of 3.45%.The company’s revenue for the quarter was up 75.0% on a year-over-year basis. During the same quarter last year, the business posted $1.76 EPS. Research analysts predict that SM Energy Company will post 6.95 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, June 22nd. Investors of record on Monday, June 8th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Monday, June 8th. SM Energy’s dividend payout ratio (DPR) is currently 36.97%.

Analyst Upgrades and Downgrades

SM has been the topic of several recent analyst reports. Wells Fargo & Company lifted their target price on SM Energy from $29.00 to $32.00 and gave the stock an “equal weight” rating in a report on Monday, May 18th. Weiss Ratings upgraded SM Energy from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Susquehanna raised their price target on SM Energy from $31.00 to $32.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 21st. UBS Group assumed coverage on SM Energy in a report on Tuesday, July 14th. They set a “buy” rating and a $36.00 price objective on the stock. Finally, Mizuho decreased their price objective on SM Energy from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Tuesday, July 7th. Ten investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $36.53.

Insider Buying and Selling

In other SM Energy news, Director Ramiro G. Peru sold 24,553 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $33.98, for a total value of $834,310.94. Following the sale, the director owned 65,964 shares in the company, valued at approximately $2,241,456.72. The trade was a 27.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.45% of the company’s stock.

About SM Energy

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.