PDT Partners LLC Sells 14,336 Shares of SM Energy (NYSE:SM)

PDT Partners LLC reduced its position in SM Energy (NYSE:SM) by 19.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 60,292 shares of the energy company’s stock after selling 14,336 shares during the period. PDT Partners LLC owned 0.05% of SM Energy worth $2,410,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SM. Plato Investment Management Ltd boosted its holdings in shares of SM Energy by 461.9% in the second quarter. Plato Investment Management Ltd now owns 590 shares of the energy company’s stock worth $26,000 after acquiring an additional 485 shares during the period. Harbor Capital Advisors Inc. purchased a new position in SM Energy during the 3rd quarter valued at about $30,000. Massmutual Trust Co. FSB ADV grew its holdings in SM Energy by 63.9% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 872 shares of the energy company’s stock valued at $38,000 after buying an additional 340 shares in the last quarter. Mather Group LLC. bought a new stake in shares of SM Energy during the second quarter valued at about $44,000. Finally, Blue Trust Inc. lifted its holdings in shares of SM Energy by 3,434.5% in the third quarter. Blue Trust Inc. now owns 1,025 shares of the energy company’s stock worth $44,000 after buying an additional 996 shares in the last quarter. 94.56% of the stock is currently owned by institutional investors.

SM Energy Trading Up 0.8 %

SM stock opened at $45.19 on Friday. The company has a market capitalization of $5.17 billion, a PE ratio of 6.31 and a beta of 4.18. The company has a debt-to-equity ratio of 0.67, a quick ratio of 3.52 and a current ratio of 3.52. SM Energy has a one year low of $34.13 and a one year high of $53.26. The company’s 50 day moving average price is $43.18 and its two-hundred day moving average price is $44.54.

SM Energy (NYSE:SM) last issued its earnings results on Thursday, October 31st. The energy company reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.10. SM Energy had a net margin of 33.89% and a return on equity of 19.62%. The company had revenue of $643.60 million for the quarter, compared to analysts’ expectations of $643.67 million. During the same quarter last year, the company earned $1.73 EPS. The firm’s revenue was up .4% compared to the same quarter last year. As a group, analysts predict that SM Energy will post 6.77 earnings per share for the current fiscal year.

SM Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 4th. Stockholders of record on Friday, October 25th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend was Friday, October 25th. This is a positive change from SM Energy’s previous quarterly dividend of $0.18. SM Energy’s payout ratio is 11.17%.

Analyst Ratings Changes

SM has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of SM Energy from $50.00 to $54.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $50.00 price objective on shares of SM Energy in a research report on Tuesday, October 8th. TD Cowen upgraded SM Energy from a “hold” rating to a “buy” rating and reduced their target price for the stock from $64.00 to $60.00 in a research report on Tuesday, October 15th. Truist Financial lowered their price target on SM Energy from $46.00 to $38.00 and set a “hold” rating on the stock in a report on Monday, September 30th. Finally, Stephens boosted their price objective on SM Energy from $56.00 to $57.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, SM Energy currently has a consensus rating of “Moderate Buy” and an average price target of $51.09.

SM Energy 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.