Neo Ivy Capital Management Buys 25,507 Shares of SM Energy (NYSE:SM)

Neo Ivy Capital Management raised its stake in shares of SM Energy (NYSE:SM) by 42.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 84,933 shares of the energy company’s stock after buying an additional 25,507 shares during the quarter. Neo Ivy Capital Management’s holdings in SM Energy were worth $3,292,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Gallacher Capital Management LLC increased its position in SM Energy by 4.5% in the fourth quarter. Gallacher Capital Management LLC now owns 8,206 shares of the energy company’s stock worth $318,000 after buying an additional 350 shares in the last quarter. Summit Investment Advisors Inc. lifted its position in shares of SM Energy by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 11,970 shares of the energy company’s stock valued at $464,000 after buying an additional 379 shares in the last quarter. Hillsdale Investment Management Inc. grew its stake in shares of SM Energy by 0.4% during the 4th quarter. Hillsdale Investment Management Inc. now owns 97,800 shares of the energy company’s stock valued at $3,791,000 after acquiring an additional 400 shares during the period. Quantinno Capital Management LP increased its holdings in SM Energy by 6.4% in the 4th quarter. Quantinno Capital Management LP now owns 6,718 shares of the energy company’s stock worth $260,000 after acquiring an additional 402 shares in the last quarter. Finally, National Bank of Canada FI raised its stake in SM Energy by 7.6% during the 4th quarter. National Bank of Canada FI now owns 6,975 shares of the energy company’s stock worth $270,000 after acquiring an additional 492 shares during the period. 94.56% of the stock is owned by institutional investors.

Insider Buying and Selling at SM Energy

In other SM Energy news, Director Barton R. Brookman, Jr. bought 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was purchased at an average cost of $32.36 per share, with a total value of $226,520.00. Following the completion of the acquisition, the director now owns 14,666 shares in the company, valued at $474,591.76. This trade represents a 91.31% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.50% of the company’s stock.

SM Energy Trading Up 0.3%

Shares of SM opened at $23.17 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.55 and a quick ratio of 3.52. SM Energy has a 1 year low of $19.67 and a 1 year high of $50.77. The company has a 50 day simple moving average of $24.79 and a two-hundred day simple moving average of $34.20. The firm has a market cap of $2.65 billion, a P/E ratio of 3.47 and a beta of 2.17.

SM Energy (NYSE:SM) last announced its quarterly earnings data on Thursday, May 1st. The energy company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.16. SM Energy had a net margin of 28.63% and a return on equity of 19.82%. The business had revenue of $844.54 million during the quarter, compared to analyst estimates of $814.62 million. During the same period last year, the firm posted $1.13 EPS. The company’s revenue was up 50.8% on a year-over-year basis. On average, equities analysts expect that SM Energy will post 8.1 earnings per share for the current fiscal year.

SM Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Friday, April 18th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date was Thursday, April 17th. SM Energy’s dividend payout ratio (DPR) is currently 11.20%.

Analysts Set New Price Targets

Several equities analysts have weighed in on SM shares. Stephens lowered their price target on shares of SM Energy from $62.00 to $55.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. Williams Trading set a $41.00 price target on shares of SM Energy in a report on Wednesday, March 5th. Wall Street Zen downgraded shares of SM Energy from a “buy” rating to a “hold” rating in a report on Friday, February 28th. JPMorgan Chase & Co. lowered their price target on shares of SM Energy from $54.00 to $41.00 and set a “neutral” rating on the stock in a report on Thursday, March 13th. Finally, Susquehanna lowered their price target on shares of SM Energy from $39.00 to $24.00 and set a “neutral” rating on the stock in a report on Tuesday, April 22nd. Seven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $42.92.

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.