Amalgamated Bank Cuts Position in SM Energy (NYSE:SM)

Amalgamated Bank trimmed its holdings in shares of SM Energy (NYSE:SM) by 4.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,636 shares of the energy company’s stock after selling 1,544 shares during the period. Amalgamated Bank’s holdings in SM Energy were worth $1,344,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Janney Montgomery Scott LLC raised its stake in SM Energy by 9.4% in the first quarter. Janney Montgomery Scott LLC now owns 9,434 shares of the energy company’s stock worth $470,000 after buying an additional 813 shares in the last quarter. SG Americas Securities LLC bought a new position in SM Energy in the first quarter worth approximately $710,000. Sei Investments Co. raised its holdings in SM Energy by 74.6% during the first quarter. Sei Investments Co. now owns 98,591 shares of the energy company’s stock valued at $4,915,000 after acquiring an additional 42,122 shares during the period. Headlands Technologies LLC bought a new position in SM Energy in the 1st quarter worth approximately $57,000. Finally, ProShare Advisors LLC boosted its stake in SM Energy by 5.4% in the 1st quarter. ProShare Advisors LLC now owns 23,365 shares of the energy company’s stock worth $1,165,000 after purchasing an additional 1,202 shares during the period. 94.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SM has been the subject of a number of research reports. Wells Fargo & Company lowered their target price on SM Energy from $48.00 to $43.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 1st. Tudor, Pickering, Holt & Co. upgraded SM Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, August 21st. KeyCorp dropped their price objective on SM Energy from $65.00 to $60.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Tudor Pickering raised SM Energy to a “strong-buy” rating in a report on Wednesday, August 21st. Finally, StockNews.com downgraded SM Energy from a “buy” rating to a “hold” rating in a report on Friday, September 13th. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $50.73.

SM Energy Stock Up 0.7 %

SM Energy stock opened at $43.72 on Thursday. The stock has a market capitalization of $5.00 billion, a PE ratio of 6.11 and a beta of 4.18. SM Energy has a 12 month low of $34.13 and a 12 month high of $53.26. The business has a 50 day simple moving average of $42.06 and a 200-day simple moving average of $44.91. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.52 and a quick ratio of 3.52.

SM Energy (NYSE:SM) last issued its quarterly earnings results on Thursday, October 31st. The energy company reported $1.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.10. The firm had revenue of $643.60 million for the quarter, compared to analyst estimates of $643.67 million. SM Energy had a return on equity of 19.62% and a net margin of 33.89%. The business’s revenue was up .4% on a year-over-year basis. During the same period in the previous year, the company posted $1.73 earnings per share. On average, analysts anticipate that SM Energy will post 6.77 EPS for the current fiscal year.

SM Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 4th. Shareholders of record on Friday, October 25th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, October 25th. This represents a $0.80 dividend on an annualized basis and a yield of 1.83%. This is a positive change from SM Energy’s previous quarterly dividend of $0.18. SM Energy’s payout ratio is 11.17%.

About SM Energy

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.