27,704 Shares in SM Energy Company $SM Bought by State of Wyoming

State of Wyoming acquired a new stake in SM Energy Company (NYSE:SM) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,704 shares of the energy company’s stock, valued at approximately $723,000.

Several other large investors have also bought and sold shares of SM. Royal Bank of Canada raised its position in SM Energy by 27.7% during the 1st quarter. Royal Bank of Canada now owns 91,916 shares of the energy company’s stock worth $2,753,000 after purchasing an additional 19,965 shares during the last quarter. AQR Capital Management LLC grew its position in shares of SM Energy by 43.9% in the 1st quarter. AQR Capital Management LLC now owns 145,922 shares of the energy company’s stock valued at $4,370,000 after buying an additional 44,542 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of SM Energy by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 68,111 shares of the energy company’s stock valued at $2,040,000 after buying an additional 2,969 shares during the period. NewEdge Advisors LLC raised its position in shares of SM Energy by 44.9% during the first quarter. NewEdge Advisors LLC now owns 3,248 shares of the energy company’s stock worth $97,000 after acquiring an additional 1,007 shares during the last quarter. Finally, United Services Automobile Association bought a new position in shares of SM Energy during the first quarter worth about $222,000. 94.56% of the stock is owned by institutional investors.

Insider Transactions at SM Energy

In related news, Director Ramiro G. Peru sold 24,553 shares of the stock in a transaction on 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 of the company’s stock, valued at $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 Securities & Exchange Commission, which can be accessed through the SEC website. 0.45% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SM. UBS Group initiated coverage on SM Energy in a report on Tuesday, July 14th. They issued a “buy” rating and a $36.00 target price on the stock. Wall Street Zen upgraded shares of SM Energy from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Siebert Williams Shank raised shares of SM Energy from a “hold” rating to a “buy” rating and upped their price objective for the company from $30.00 to $41.00 in a research note on Thursday, May 14th. Raymond James Financial reduced their price objective on shares of SM Energy from $55.00 to $48.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 21st. Finally, Zacks Research downgraded shares of SM Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, SM Energy has a consensus rating of “Moderate Buy” and an average target price of $37.93.

SM Energy Stock Down 0.1%

Shares of SM Energy stock opened at $33.70 on Monday. The stock’s 50-day moving average is $29.72 and its 200 day moving average is $28.26. SM Energy Company has a one year low of $17.45 and a one year high of $35.88. The firm has a market cap of $8.02 billion, a price-to-earnings ratio of 6.63 and a beta of 0.73. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.62 and a quick ratio of 0.62.

SM Energy (NYSE:SM) last issued its quarterly earnings results on Wednesday, August 5th. The energy company reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.23. The firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.02 billion. SM Energy had a return on equity of 17.93% and a net margin of 18.20%.The company’s revenue was up 215.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.50 earnings per share. Equities research analysts anticipate that SM Energy Company will post 7.1 EPS for the current year.

SM Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Monday, June 8th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Monday, June 8th. SM Energy’s payout ratio is presently 17.32%.

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.