SM Energy Company $SM Shares Bought by Kennedy Capital Management LLC

Kennedy Capital Management LLC increased its holdings in SM Energy Company (NYSE:SM) by 70.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 574,107 shares of the energy company’s stock after acquiring an additional 237,537 shares during the quarter. Kennedy Capital Management LLC’s holdings in SM Energy were worth $14,335,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Congress Asset Management Co. raised its position in shares of SM Energy by 19.9% in the 3rd quarter. Congress Asset Management Co. now owns 1,212,775 shares of the energy company’s stock valued at $30,283,000 after purchasing an additional 201,704 shares in the last quarter. Prudential Financial Inc. grew its position in shares of SM Energy by 33.1% during the second quarter. Prudential Financial Inc. now owns 294,546 shares of the energy company’s stock worth $7,278,000 after buying an additional 73,240 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of SM Energy by 135.2% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 254,766 shares of the energy company’s stock worth $6,362,000 after buying an additional 146,444 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of SM Energy in the third quarter worth $1,190,000. Finally, Creative Planning raised its holdings in SM Energy by 33.3% in the second quarter. Creative Planning now owns 81,990 shares of the energy company’s stock valued at $2,026,000 after acquiring an additional 20,497 shares in the last quarter. Institutional investors and hedge funds own 94.56% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on SM shares. Zacks Research raised shares of SM Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, February 16th. KeyCorp lowered their price objective on SM Energy from $36.00 to $28.00 and set an “overweight” rating for the company in a report on Wednesday, December 10th. Roth Mkm reaffirmed a “buy” rating and set a $24.00 target price on shares of SM Energy in a report on Wednesday, February 18th. Mizuho set a $34.00 target price on SM Energy in a research report on Friday, January 9th. Finally, Royal Bank Of Canada lowered their price target on SM Energy from $35.00 to $29.00 and set a “sector perform” rating for the company in a report on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, SM Energy has a consensus rating of “Hold” and a consensus price target of $30.00.

SM Energy Stock Performance

Shares of NYSE:SM traded up $0.07 during trading on Friday, reaching $25.55. 599,815 shares of the company’s stock traded hands, compared to its average volume of 7,092,624. The stock has a market capitalization of $2.93 billion, a P/E ratio of 4.52 and a beta of 1.03. SM Energy Company has a 12 month low of $17.45 and a 12 month high of $32.26. The company has a 50 day moving average of $20.94 and a 200-day moving average of $21.77. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.69 and a quick ratio of 0.69.

SM Energy (NYSE:SM) last issued its earnings results on Wednesday, February 25th. The energy company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.10. The company had revenue of $704.92 million during the quarter, compared to the consensus estimate of $764.40 million. SM Energy had a return on equity of 13.47% and a net margin of 20.55%.SM Energy’s quarterly revenue was down 17.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.91 earnings per share. On average, equities analysts expect that SM Energy Company will post 8.1 EPS for the current year.

SM Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Monday, March 9th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Monday, March 9th. This is an increase from SM Energy’s previous quarterly dividend of $0.20. SM Energy’s dividend payout ratio (DPR) is currently 15.58%.

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.