Mutual of America Capital Management LLC Decreases Stock Position in SM Energy (NYSE:SM)

Mutual of America Capital Management LLC lowered its stake in SM Energy (NYSE:SM) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,358 shares of the energy company’s stock after selling 440 shares during the period. Mutual of America Capital Management LLC’s holdings in SM Energy were worth $788,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. BluePath Capital Management LLC bought a new stake in shares of SM Energy in the third quarter worth about $32,000. Nomura Asset Management Co. Ltd. grew its stake in shares of SM Energy by 59.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 990 shares of the energy company’s stock worth $39,000 after purchasing an additional 370 shares during the last quarter. McGlone Suttner Wealth Management Inc. bought a new stake in shares of SM Energy in the fourth quarter worth about $41,000. Covestor Ltd grew its stake in shares of SM Energy by 294.1% in the third quarter. Covestor Ltd now owns 1,064 shares of the energy company’s stock worth $42,000 after purchasing an additional 794 shares during the last quarter. Finally, International Assets Investment Management LLC grew its stake in shares of SM Energy by 3,772.2% in the fourth quarter. International Assets Investment Management LLC now owns 1,394 shares of the energy company’s stock worth $54,000 after purchasing an additional 1,358 shares during the last quarter. Hedge funds and other institutional investors own 94.56% of the company’s stock.

Wall Street Analyst Weigh In

SM has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised their target price on SM Energy from $49.00 to $54.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 9th. Mizuho lifted their price objective on SM Energy from $51.00 to $57.00 and gave the company a “buy” rating in a research report on Friday, April 5th. KeyCorp lifted their price objective on SM Energy from $62.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday. StockNews.com raised SM Energy from a “hold” rating to a “buy” rating in a research report on Monday. Finally, 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 research report on Thursday, April 18th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $52.57.

SM Energy Stock Performance

Shares of SM opened at $48.85 on Tuesday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.44. The business’s 50 day moving average price is $46.42 and its 200-day moving average price is $41.04. SM Energy has a 52 week low of $25.03 and a 52 week high of $53.26. The stock has a market cap of $5.65 billion, a P/E ratio of 7.11 and a beta of 4.20.

SM Energy (NYSE:SM) last issued its quarterly earnings results on Wednesday, February 21st. The energy company reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.17. SM Energy had a return on equity of 20.74% and a net margin of 34.45%. The firm had revenue of $608.73 million for the quarter, compared to analysts’ expectations of $611.35 million. During the same period in the previous year, the firm posted $1.29 EPS. The business’s revenue for the quarter was down 9.3% compared to the same quarter last year. Equities research analysts anticipate that SM Energy will post 6.15 earnings per share for the current fiscal year.

SM Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Friday, April 19th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $0.72 dividend on an annualized basis and a yield of 1.47%. SM Energy’s payout ratio is currently 10.48%.

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.