Sanctuary Advisors LLC Has $2.70 Million Holdings in SM Energy (NYSE:SM)

Sanctuary Advisors LLC boosted its stake in shares of SM Energy (NYSE:SM) by 105.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 68,068 shares of the energy company’s stock after buying an additional 34,895 shares during the period. Sanctuary Advisors LLC owned about 0.06% of SM Energy worth $2,696,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of SM. Barclays PLC increased its holdings in shares of SM Energy by 47.3% in the 3rd quarter. Barclays PLC now owns 250,218 shares of the energy company’s stock valued at $10,002,000 after purchasing an additional 80,343 shares during the period. National Bank of Canada FI acquired a new position in shares of SM Energy in the 3rd quarter valued at about $259,000. Los Angeles Capital Management LLC increased its holdings in shares of SM Energy by 79.2% in the 3rd quarter. Los Angeles Capital Management LLC now owns 65,421 shares of the energy company’s stock valued at $2,615,000 after purchasing an additional 28,920 shares during the period. World Investment Advisors LLC acquired a new position in shares of SM Energy in the 3rd quarter valued at about $3,048,000. Finally, Janney Montgomery Scott LLC increased its holdings in shares of SM Energy by 144.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 22,357 shares of the energy company’s stock valued at $894,000 after purchasing an additional 13,215 shares during the period. Institutional investors and hedge funds own 94.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $53.00 target price (up previously from $51.00) on shares of SM Energy in a report on Wednesday, December 4th. Truist Financial upped their target price on SM Energy from $42.00 to $45.00 and gave the company a “hold” rating in a report on Monday, January 13th. Mizuho dropped their target price on SM Energy from $57.00 to $55.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. StockNews.com upgraded SM Energy from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Stephens restated an “overweight” rating and issued a $57.00 price objective on shares of SM Energy in a report on Thursday, January 2nd. Six research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $51.90.

SM Energy Stock Down 7.4 %

Shares of SM Energy stock opened at $34.37 on Friday. The stock has a market capitalization of $3.93 billion, a P/E ratio of 5.15 and a beta of 4.11. The company has a quick ratio of 3.52, a current ratio of 0.55 and a debt-to-equity ratio of 0.66. The stock has a 50 day moving average price of $39.64 and a two-hundred day moving average price of $41.79. SM Energy has a 12-month low of $34.06 and a 12-month high of $53.26.

SM Energy (NYSE:SM) last announced its earnings results on Wednesday, February 19th. The energy company reported $1.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.09). The company had revenue of $852.22 million for the quarter, compared to the consensus estimate of $849.44 million. SM Energy had a return on equity of 19.82% and a net margin of 28.63%. Equities analysts expect that SM Energy will post 8.1 earnings per share for the current year.

SM Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 24th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $0.80 dividend on an annualized basis and a yield of 2.33%. SM Energy’s payout ratio is currently 11.98%.

SM Energy Company Profile

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, gas, and natural gas liquids in the state of Texas. It has working interests in oil and gas producing wells in the Midland Basin and South Texas. The company was formerly known as St.