Fox Run Management L.L.C. Purchases 13,520 Shares of SM Energy Company $SM

Fox Run Management L.L.C. grew its position in shares of SM Energy Company (NYSE:SM) by 110.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 25,780 shares of the energy company’s stock after acquiring an additional 13,520 shares during the period. Fox Run Management L.L.C.’s holdings in SM Energy were worth $637,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in SM. Legacy Wealth Managment LLC ID boosted its position in shares of SM Energy by 25.0% during the second quarter. Legacy Wealth Managment LLC ID now owns 3,300 shares of the energy company’s stock valued at $82,000 after purchasing an additional 661 shares in the last quarter. First Eagle Investment Management LLC lifted its position in SM Energy by 1.1% during the second quarter. First Eagle Investment Management LLC now owns 280,303 shares of the energy company’s stock valued at $6,926,000 after buying an additional 3,000 shares during the period. Pekin Hardy Strauss Inc. boosted its holdings in shares of SM Energy by 63.4% during the 2nd quarter. Pekin Hardy Strauss Inc. now owns 305,006 shares of the energy company’s stock valued at $7,537,000 after buying an additional 118,291 shares in the last quarter. Cetera Trust Company N.A grew its position in shares of SM Energy by 46.8% in the 2nd quarter. Cetera Trust Company N.A now owns 4,060 shares of the energy company’s stock worth $100,000 after buying an additional 1,295 shares during the period. Finally, Moody Aldrich Partners LLC increased its stake in shares of SM Energy by 31.1% in the 2nd quarter. Moody Aldrich Partners LLC now owns 177,045 shares of the energy company’s stock worth $4,375,000 after acquiring an additional 41,987 shares in the last quarter. Hedge funds and other institutional investors own 94.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SM shares. Weiss Ratings reissued a “hold (c-)” rating on shares of SM Energy in a research note on Wednesday, October 8th. Wells Fargo & Company lowered their target price on shares of SM Energy from $30.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, October 17th. Royal Bank Of Canada upped their price target on SM Energy from $34.00 to $35.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 9th. Zacks Research upgraded SM Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, November 3rd. Finally, Mizuho set a $38.00 target price on SM Energy in a report on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $36.64.

SM Energy Price Performance

Shares of SM opened at $18.45 on Tuesday. The company has a market capitalization of $2.11 billion, a P/E ratio of 2.61 and a beta of 2.29. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.59. The firm has a 50 day moving average of $23.88 and a 200 day moving average of $25.09. SM Energy Company has a twelve month low of $17.58 and a twelve month high of $46.42.

SM Energy (NYSE:SM) last released its quarterly earnings data on Tuesday, November 4th. The energy company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.08. SM Energy had a return on equity of 18.06% and a net margin of 25.94%.The business had revenue of $811.59 million for the quarter, compared to analysts’ expectations of $838.24 million. The firm’s quarterly revenue was up 26.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.62 EPS. As a group, equities research analysts anticipate that SM Energy Company will post 8.1 earnings per share for the current fiscal year.

SM Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 3rd. Investors of record on Friday, October 17th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, October 17th. This represents a $0.80 annualized dividend and a dividend yield of 4.3%. SM Energy’s dividend payout ratio (DPR) is 12.62%.

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.