MetLife Investment Management LLC Acquires 413 Shares of SM Energy (NYSE:SM)

Posted by on Feb 26th, 2023

MetLife Investment Management LLC increased its holdings in SM Energy (NYSE:SM – Get Rating) by 0.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,984 shares of the energy company’s stock after purchasing an additional 413 shares during the quarter. MetLife Investment Management LLC owned approximately 0.05% of SM Energy worth $2,406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. SIR Capital Management L.P. lifted its holdings in shares of SM Energy by 176.3% during the third quarter. SIR Capital Management L.P. now owns 239,663 shares of the energy company’s stock valued at $9,014,000 after purchasing an additional 152,924 shares during the last quarter. Hsbc Holdings PLC grew its position in shares of SM Energy by 289.3% during the 3rd quarter. Hsbc Holdings PLC now owns 115,322 shares of the energy company’s stock valued at $4,350,000 after acquiring an additional 85,697 shares during the period. Prudential PLC bought a new stake in shares of SM Energy during the 3rd quarter valued at $390,000. Cipher Capital LP bought a new stake in shares of SM Energy during the 3rd quarter valued at $444,000. Finally, CenterBook Partners LP lifted its stake in shares of SM Energy by 6.2% during the 3rd quarter. CenterBook Partners LP now owns 8,212 shares of the energy company’s stock valued at $309,000 after buying an additional 482 shares in the last quarter. 89.45% of the stock is currently owned by hedge funds and other institutional investors.

SM Energy Stock Performance

NYSE:SM opened at $29.85 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.23 and a quick ratio of 0.99. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of 3.34 and a beta of 4.43. The company’s 50-day moving average is $32.56 and its two-hundred day moving average is $39.05. SM Energy has a 1-year low of $27.92 and a 1-year high of $54.97.

SM Energy (NYSE:SM – Get Rating) last released its quarterly earnings results on Wednesday, February 22nd. The energy company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.08. SM Energy had a net margin of 33.11% and a return on equity of 34.40%. The business had revenue of $671.32 million for the quarter, compared to the consensus estimate of $614.72 million. During the same period in the previous year, the firm earned $1.14 EPS. The business’s revenue was down 21.5% on a year-over-year basis. Analysts forecast that SM Energy will post 6.38 EPS for the current year.

SM Energy Announces Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Monday, February 6th. Shareholders of record on Friday, January 20th were given a $0.15 dividend. This represents a dividend yield of 0.9%. The ex-dividend date was Thursday, January 19th. SM Energy’s dividend payout ratio is presently 3.35%.

Analyst Ratings Changes

Several analysts have commented on SM shares. KeyCorp decreased their price target on shares of SM Energy from $64.00 to $56.00 and set an “overweight” rating on the stock in a research note on Thursday, December 8th. Roth Capital reissued a “buy” rating on shares of SM Energy in a research note on Wednesday. Royal Bank of Canada boosted their price objective on shares of SM Energy from $53.00 to $55.00 and gave the company a “sector perform” rating in a research report on Monday, November 14th. JPMorgan Chase & Co. cut shares of SM Energy from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $55.00 to $46.00 in a research report on Wednesday, January 4th. Finally, Mizuho initiated coverage on shares of SM Energy in a research report on Monday, January 9th. They issued a “buy” rating and a $51.00 price target for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $49.00.

SM Energy Company Profile

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SM Energy Co is an independent energy company, which engages in the acquisition, exploration, development, and production of crude oil, natural gas and natural gas liquids. Its operations are located in Midland Basin and South Texas. The company was founded in 1908 and is headquartered in Denver, CO.

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Institutional Ownership by Quarter for SM Energy (NYSE:SM)

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