Mirae Asset Global Investments Co. Ltd. Has $2.41 Million Position in SM Energy (NYSE:SM)

Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of SM Energy (NYSE:SM) by 17.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,164 shares of the energy company’s stock after buying an additional 9,285 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.05% of SM Energy worth $2,407,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Exchange Traded Concepts LLC boosted its stake in SM Energy by 1.4% during the fourth quarter. Exchange Traded Concepts LLC now owns 20,125 shares of the energy company’s stock worth $779,000 after buying an additional 286 shares in the last quarter. Eaton Vance Management lifted its holdings in shares of SM Energy by 3.8% during the first quarter. Eaton Vance Management now owns 8,361 shares of the energy company’s stock valued at $326,000 after acquiring an additional 309 shares during the period. Metropolitan Life Insurance Co NY lifted its holdings in shares of SM Energy by 4.5% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 7,630 shares of the energy company’s stock valued at $266,000 after acquiring an additional 326 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in shares of SM Energy by 59.7% during the third quarter. Nomura Asset Management Co. Ltd. now owns 990 shares of the energy company’s stock valued at $39,000 after acquiring an additional 370 shares during the period. Finally, Arizona State Retirement System lifted its holdings in shares of SM Energy by 1.4% during the third quarter. Arizona State Retirement System now owns 34,315 shares of the energy company’s stock valued at $1,361,000 after acquiring an additional 464 shares during the period. Institutional investors and hedge funds own 94.56% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Susquehanna lifted their price objective on SM Energy from $38.00 to $42.00 and gave the company a “neutral” rating in a report on Monday, February 26th. Royal Bank of Canada reissued a “sector perform” rating and set a $45.00 price objective on shares of SM Energy in a report on Monday, February 5th. Wells Fargo & Company lifted their price objective on SM Energy from $45.00 to $51.00 and gave the company an “equal weight” rating in a report on Thursday. Seaport Res Ptn raised SM Energy from a “neutral” rating to a “buy” rating in a report on Wednesday, January 31st. Finally, JPMorgan Chase & Co. lifted their price target on SM Energy from $49.00 to $54.00 and gave the company an “overweight” rating in a report on Tuesday, April 9th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, SM Energy has an average rating of “Moderate Buy” and an average target price of $50.86.

SM Energy Stock Performance

SM Energy stock opened at $48.03 on Friday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.44. SM Energy has a 1 year low of $25.03 and a 1 year high of $53.26. The company has a market cap of $5.56 billion, a PE ratio of 6.99 and a beta of 4.20. The company’s 50-day moving average is $45.98 and its two-hundred day moving average is $40.83.

SM Energy (NYSE:SM) last announced its quarterly earnings results on Wednesday, February 21st. The energy company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.17. The business had revenue of $608.73 million for the quarter, compared to the consensus estimate of $611.35 million. SM Energy had a net margin of 34.45% and a return on equity of 20.74%. SM Energy’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same period last year, the company posted $1.29 EPS. Equities analysts anticipate that SM Energy will post 6.21 earnings per share for the current year.

SM Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Friday, April 19th will be given a $0.18 dividend. The ex-dividend date is Thursday, April 18th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.50%. SM Energy’s dividend payout ratio is 10.48%.

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.