144,150 Shares in SM Energy Company $SM Acquired by Corient Private Wealth LP

Corient Private Wealth LP purchased a new position in shares of SM Energy Company (NYSE:SM) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 144,150 shares of the energy company’s stock, valued at approximately $3,762,000.

Several other large investors have also made changes to their positions in SM. Bank of America Corp DE acquired a new stake in SM Energy during the 2nd quarter worth about $34,197,000. Tiptree Advisors LLC acquired a new stake in SM Energy during the second quarter worth about $3,132,000. Freestone Grove Partners LP purchased a new position in SM Energy during the second quarter valued at approximately $311,000. Man Group plc purchased a new position in SM Energy during the second quarter valued at approximately $1,200,000. Finally, Jupiter Topco LLC acquired a new position in SM Energy in the second quarter valued at approximately $2,802,000. 94.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SM has been the topic of several recent research reports. Susquehanna upped their price objective on SM Energy from $31.00 to $32.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of SM Energy in a research report on Monday, August 17th. Siebert Williams Shank upgraded shares of SM Energy from a “hold” rating to a “buy” rating and lifted their target price for the company from $30.00 to $41.00 in a research report on Thursday, May 14th. Mizuho upgraded SM Energy to a “strong-buy” rating in a research report on Friday, July 31st. Finally, Stephens cut their price objective on shares of SM Energy from $61.00 to $52.00 and set an “overweight” rating for the company in a report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, SM Energy has an average rating of “Moderate Buy” and an average target price of $37.93.

SM Energy Trading Up 2.2%

Shares of SM opened at $38.00 on Wednesday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $9.04 billion, a P/E ratio of 7.48 and a beta of 0.73. The firm has a 50-day moving average price of $31.43 and a 200 day moving average price of $29.66. SM Energy Company has a 12-month low of $17.45 and a 12-month high of $38.25.

SM Energy (NYSE:SM) last posted its quarterly earnings results on Wednesday, August 5th. The energy company reported $2.19 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.23. The business had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.02 billion. SM Energy had a net margin of 18.20% and a return on equity of 17.93%. The business’s revenue for the quarter was up 215.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.50 EPS. Sell-side analysts forecast that SM Energy Company will post 7.45 EPS for the current year.

SM Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 21st. Investors of record on Monday, September 7th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, September 4th. SM Energy’s dividend payout ratio is presently 17.32%.

Insiders Place Their Bets

In related news, EVP James Barker Lebeck sold 17,500 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $37.02, for a total value of $647,850.00. Following the completion of the transaction, the executive vice president directly owned 14,705 shares in the company, valued at approximately $544,379.10. This represents a 54.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.45% of the company’s stock.

About SM Energy

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.