Compound Planning Inc. Purchases Shares of 19,746 SM Energy Company $SM

Compound Planning Inc. acquired a new stake in SM Energy Company (NYSE:SM) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 19,746 shares of the energy company’s stock, valued at approximately $616,000.

A number of other hedge funds have also recently made changes to their positions in SM. Mitsubishi UFJ Trust & Banking Corp boosted its stake in SM Energy by 96.1% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 114,609 shares of the energy company’s stock worth $2,143,000 after purchasing an additional 56,160 shares during the period. Denali Advisors LLC lifted its holdings in shares of SM Energy by 22.2% in the fourth quarter. Denali Advisors LLC now owns 300,000 shares of the energy company’s stock worth $5,610,000 after buying an additional 54,428 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of SM Energy by 279.7% in the fourth quarter. SG Americas Securities LLC now owns 150,329 shares of the energy company’s stock worth $2,811,000 after buying an additional 110,735 shares in the last quarter. UBS Group AG boosted its position in shares of SM Energy by 23.0% during the fourth quarter. UBS Group AG now owns 666,070 shares of the energy company’s stock worth $12,456,000 after acquiring an additional 124,448 shares during the last quarter. Finally, Unison Advisors LLC purchased a new position in SM Energy during the fourth quarter valued at $682,000. Institutional investors own 94.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SM. Raymond James Financial decreased their price target 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. UBS Group initiated coverage on SM Energy in a research report on Tuesday, July 14th. They set a “buy” rating and a $36.00 price objective for the company. KeyCorp lifted their target price on SM Energy from $29.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, April 2nd. BMO Capital Markets boosted their target price on SM Energy from $26.00 to $33.00 and gave the stock a “market perform” rating in a research report on Thursday, April 2nd. Finally, Zacks Research lowered SM Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $36.53.

SM Energy Stock Performance

SM Energy stock opened at $29.76 on Wednesday. The company’s 50-day moving average price is $30.08 and its 200-day moving average price is $27.07. SM Energy Company has a twelve month low of $17.45 and a twelve month high of $35.88. The company has a market cap of $7.13 billion, a PE ratio of 12.50 and a beta of 0.73. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.98.

SM Energy (NYSE:SM) last announced its quarterly earnings data on Wednesday, May 6th. The energy company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.42. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.42 billion. SM Energy had a return on equity of 13.93% and a net margin of 3.45%.SM Energy’s revenue was up 75.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.76 earnings per share. On average, equities research analysts forecast that SM Energy Company will post 6.95 EPS for the current fiscal year.

SM Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Monday, June 8th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Monday, June 8th. SM Energy’s dividend payout ratio is currently 36.97%.

Insider Activity

In other news, Director Ramiro G. Peru sold 24,553 shares of SM Energy 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 completion of the sale, the director directly owned 65,964 shares in the company, valued at approximately $2,241,456.72. The trade was a 27.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.45% of the stock is currently owned by company insiders.

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.