SM Energy Company $SM Holdings Lifted by Royce & Associates LP

Royce & Associates LP boosted its position in shares of SM Energy Company (NYSE:SM) by 11.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 399,006 shares of the energy company’s stock after buying an additional 42,398 shares during the period. Royce & Associates LP’s holdings in SM Energy were worth $7,461,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of SM. Royal Bank of Canada boosted its stake in SM Energy by 27.7% during the first quarter. Royal Bank of Canada now owns 91,916 shares of the energy company’s stock valued at $2,753,000 after buying an additional 19,965 shares in the last quarter. AQR Capital Management LLC boosted its stake in SM Energy by 43.9% during the first 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in SM Energy by 4.6% during 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 in the last quarter. NewEdge Advisors LLC boosted its stake in SM Energy by 44.9% during the first quarter. NewEdge Advisors LLC now owns 3,248 shares of the energy company’s stock valued at $97,000 after buying an additional 1,007 shares in the last quarter. Finally, United Services Automobile Association bought a new position in SM Energy during the first quarter valued at about $222,000. Institutional investors own 94.56% of the company’s stock.

Insider Buying and Selling at SM Energy

In other news, Director Ramiro G. Peru sold 24,553 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $33.98, for a total transaction of $834,310.94. Following the completion of the sale, the director directly owned 65,964 shares of the company’s stock, valued at $2,241,456.72. This trade represents a 27.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.45% of the stock is owned by company insiders.

SM Energy Stock Up 1.8%

SM opened at $31.17 on Friday. SM Energy Company has a fifty-two week low of $17.45 and a fifty-two week high of $35.88. The business has a 50-day moving average of $30.32 and a 200-day moving average of $23.84. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.39 and a quick ratio of 0.39. The company has a market capitalization of $7.47 billion, a PE ratio of 13.10 and a beta of 0.73.

SM Energy (NYSE:SM) last posted its quarterly earnings results on Wednesday, May 6th. The energy company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.42. SM Energy had a return on equity of 13.93% and a net margin of 3.45%.The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period last year, the business earned $1.76 EPS. The business’s quarterly revenue was up 75.0% on a year-over-year basis. Equities research analysts forecast that SM Energy Company will post 7.47 EPS for the current fiscal year.

SM Energy Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on SM. Susquehanna upped their target price on SM Energy from $30.00 to $31.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Wells Fargo & Company upped their target price on SM Energy from $29.00 to $32.00 and gave the company an “equal weight” rating in a report on Monday, May 18th. National Bank Financial set a $30.00 target price on SM Energy in a report on Tuesday, March 17th. Truist Financial upped their target price on SM Energy from $38.00 to $39.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Finally, KeyCorp upped their target price on SM Energy from $29.00 to $39.00 and gave the company an “overweight” rating in a report on Thursday, April 2nd. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $37.07.

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.