Denali Advisors LLC Raises Holdings in SM Energy Company $SM

Denali Advisors LLC grew its position in shares of SM Energy Company (NYSE:SM) by 22.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 300,000 shares of the energy company’s stock after buying an additional 54,428 shares during the period. Denali Advisors LLC’s holdings in SM Energy were worth $5,610,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Lighthouse Investment Partners LLC purchased a new stake in SM Energy during the 3rd quarter worth about $4,619,000. Dynamic Technology Lab Private Ltd purchased a new stake in SM Energy during the 3rd quarter worth about $1,190,000. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in SM Energy by 135.2% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 254,766 shares of the energy company’s stock worth $6,362,000 after purchasing an additional 146,444 shares in the last quarter. Kennedy Capital Management LLC lifted its holdings in SM Energy by 70.6% during the 3rd quarter. Kennedy Capital Management LLC now owns 574,107 shares of the energy company’s stock worth $14,335,000 after purchasing an additional 237,537 shares in the last quarter. Finally, Royce & Associates LP lifted its holdings in SM Energy by 22.6% during the 3rd quarter. Royce & Associates LP now owns 356,608 shares of the energy company’s stock worth $8,905,000 after purchasing an additional 65,732 shares in the last quarter. Hedge funds and other institutional investors own 94.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on SM shares. Susquehanna dropped their price objective on SM Energy from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Monday, January 26th. JPMorgan Chase & Co. raised SM Energy from a “neutral” rating to an “overweight” rating and set a $40.00 price objective on the stock in a report on Friday, March 20th. KeyCorp increased their price objective on SM Energy from $29.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, April 2nd. TD Cowen dropped their price objective on SM Energy from $36.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, March 17th. Finally, Royal Bank Of Canada dropped their price objective on SM Energy from $35.00 to $29.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 13th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, SM Energy currently has an average rating of “Moderate Buy” and an average price target of $33.62.

SM Energy Price Performance

Shares of NYSE SM opened at $29.42 on Friday. The firm has a market capitalization of $7.05 billion, a P/E ratio of 12.36 and a beta of 0.73. The company has a quick ratio of 0.69, a current ratio of 0.39 and a debt-to-equity ratio of 0.98. The stock’s 50-day simple moving average is $28.12 and its two-hundred day simple moving average is $22.56. SM Energy Company has a twelve month low of $17.45 and a twelve month high of $33.25.

SM Energy (NYSE:SM) last announced its earnings results on Wednesday, May 6th. The energy company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.42. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.42 billion. SM Energy had a return on equity of 13.93% and a net margin of 3.45%.The company’s quarterly revenue was up 75.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.76 EPS. As a group, equities analysts anticipate that SM Energy Company will post 6.86 EPS for the current fiscal year.

SM Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Monday, March 9th were paid a $0.22 dividend. The ex-dividend date was Monday, March 9th. This represents a $0.88 dividend on an annualized basis and a yield of 3.0%. This is an increase from SM Energy’s previous quarterly dividend of $0.20. SM Energy’s dividend payout ratio is currently 36.97%.

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.