11,618 Shares in SM Energy Company (NYSE:SM) Purchased by MQS Management LLC

MQS Management LLC bought a new stake in SM Energy Company (NYSE:SM) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 11,618 shares of the energy company’s stock, valued at approximately $348,000.

Other institutional investors have also recently bought and sold shares of the company. Parallel Advisors LLC raised its stake in SM Energy by 200.8% in the first quarter. Parallel Advisors LLC now owns 1,119 shares of the energy company’s stock valued at $34,000 after buying an additional 747 shares during the period. Byrne Asset Management LLC increased its holdings in shares of SM Energy by 172.8% during the 1st quarter. Byrne Asset Management LLC now owns 1,473 shares of the energy company’s stock worth $44,000 after acquiring an additional 933 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in SM Energy by 80.7% in the 1st quarter. Harbor Capital Advisors Inc. now owns 1,520 shares of the energy company’s stock valued at $46,000 after acquiring an additional 679 shares during the period. CWM LLC raised its stake in SM Energy by 34.0% in the 1st quarter. CWM LLC now owns 3,760 shares of the energy company’s stock valued at $113,000 after acquiring an additional 955 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in SM Energy by 64.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,730 shares of the energy company’s stock valued at $183,000 after purchasing an additional 1,854 shares during the last quarter. Institutional investors own 94.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Susquehanna cut their target price on shares of SM Energy from $39.00 to $24.00 and set a “neutral” rating for the company in a research note on Tuesday, April 22nd. Mizuho cut their price objective on shares of SM Energy from $46.00 to $42.00 and set an “outperform” rating for the company in a research report on Tuesday, May 13th. KeyCorp decreased their target price on SM Energy from $60.00 to $36.00 and set an “overweight” rating on the stock in a research report on Monday, April 21st. TD Cowen raised SM Energy to a “strong-buy” rating in a report on Monday, July 7th. Finally, Raymond James Financial downgraded SM Energy from an “outperform” rating to an “underperform” rating in a research note on Tuesday, June 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $42.08.

SM Energy Stock Performance

SM Energy stock opened at $27.56 on Tuesday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.62. The stock has a market cap of $3.15 billion, a PE ratio of 3.86 and a beta of 2.16. SM Energy Company has a 12-month low of $19.67 and a 12-month high of $48.49. The business’s 50-day moving average price is $25.12 and its two-hundred day moving average price is $30.01.

SM Energy (NYSE:SM) last announced its quarterly earnings results on Thursday, May 1st. The energy company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.16. The company had revenue of $844.54 million for the quarter, compared to analyst estimates of $814.62 million. SM Energy had a net margin of 27.61% and a return on equity of 19.90%. The firm’s revenue was up 50.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.13 EPS. As a group, analysts expect that SM Energy Company will post 8.1 earnings per share for the current fiscal year.

SM Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 4th. Shareholders of record on Friday, July 18th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, July 18th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.90%. SM Energy’s payout ratio is presently 11.20%.

SM Energy Company Profile

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.