Quantbot Technologies LP Takes $4.67 Million Position in SM Energy Company $SM

Quantbot Technologies LP bought a new position in shares of SM Energy Company (NYSE:SM) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 178,800 shares of the energy company’s stock, valued at approximately $4,667,000.

Other large investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in shares of SM Energy during the second quarter worth about $1,025,229,000. Donald Smith & CO. Inc. purchased a new stake in shares of SM Energy during the 2nd quarter valued at $199,602,000. Dimensional Fund Advisors LP lifted its holdings in shares of SM Energy by 79.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,995,353 shares of the energy company’s stock worth $311,678,000 after acquiring an additional 4,426,751 shares during the last quarter. Millennium Management LLC lifted its stake in SM Energy by 205.1% during the fourth quarter. Millennium Management LLC now owns 2,835,718 shares of the energy company’s stock worth $53,028,000 after purchasing an additional 1,906,255 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in SM Energy in the second quarter worth approximately $43,259,000. Institutional investors own 94.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Roth Capital upgraded shares of SM Energy from a “neutral” rating to a “buy” rating and upped their price target for the company from $30.00 to $32.00 in a research report on Monday, June 22nd. UBS Group began coverage on shares of SM Energy in a research report on Tuesday, July 14th. They set a “buy” rating and a $36.00 price objective on the stock. Weiss Ratings restated a “hold (c)” rating on shares of SM Energy in a research note on Monday, August 17th. Truist Financial upped their price objective on shares of SM Energy from $37.00 to $43.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Finally, Mizuho raised SM Energy to a “strong-buy” rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, SM Energy presently has a consensus rating of “Moderate Buy” and an average target price of $37.93.

SM Energy Price Performance

Shares of SM Energy stock opened at $37.34 on Friday. SM Energy Company has a one year low of $17.45 and a one year high of $38.25. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.62 and a current ratio of 0.62. The stock has a market cap of $8.88 billion, a P/E ratio of 7.35 and a beta of 0.73. The stock’s fifty day moving average is $30.18 and its 200 day moving average is $28.80.

SM Energy (NYSE:SM) last announced its quarterly earnings data on Wednesday, August 5th. The energy company reported $2.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.23. SM Energy had a return on equity of 17.93% and a net margin of 18.20%.The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same period in the previous year, the company posted $1.50 EPS. The firm’s revenue was up 215.3% on a year-over-year basis. Sell-side analysts anticipate that SM Energy Company will post 7.36 earnings per share for the current year.

SM Energy 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.