Prudential PLC grew its holdings in SM Energy (NYSE:SM – Get Rating) by 45.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,090 shares of the energy company’s stock after acquiring an additional 4,717 shares during the period. Prudential PLC’s holdings in SM Energy were worth $526,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in SM. Global Retirement Partners LLC grew its holdings in SM Energy by 677.3% during the 3rd quarter. Global Retirement Partners LLC now owns 583 shares of the energy company’s stock worth $26,000 after acquiring an additional 508 shares in the last quarter. Signaturefd LLC grew its holdings in SM Energy by 173.1% during the 4th quarter. Signaturefd LLC now owns 893 shares of the energy company’s stock worth $31,000 after acquiring an additional 566 shares in the last quarter. CWM LLC grew its holdings in SM Energy by 99.3% during the 3rd quarter. CWM LLC now owns 867 shares of the energy company’s stock worth $33,000 after acquiring an additional 432 shares in the last quarter. Larson Financial Group LLC acquired a new position in SM Energy during the 3rd quarter worth $38,000. Finally, IFP Advisors Inc lifted its position in shares of SM Energy by 152.6% in the 4th quarter. IFP Advisors Inc now owns 1,526 shares of the energy company’s stock worth $40,000 after buying an additional 922 shares during the last quarter. Hedge funds and other institutional investors own 89.45% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the stock. Susquehanna reduced their price target on shares of SM Energy from $34.00 to $30.00 and set a “neutral” rating on the stock in a research report on Friday, April 21st. Mizuho reduced their price target on shares of SM Energy from $51.00 to $37.00 in a research report on Friday, March 10th. Barclays reduced their price target on shares of SM Energy from $46.00 to $32.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 22nd. Cowen downgraded shares of SM Energy from an “outperform” rating to a “market perform” rating and set a $35.00 price target on the stock. in a research report on Wednesday, March 1st. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $50.00 price target on shares of SM Energy in a research report on Friday, March 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $41.00.
SM Energy Stock Up 1.2 %
SM Energy (NYSE:SM – Get Rating) last released its quarterly earnings results on Friday, April 28th. The energy company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.14. SM Energy had a net margin of 41.07% and a return on equity of 28.22%. The company had revenue of $573.51 million for the quarter, compared to the consensus estimate of $559.37 million. During the same period in the previous year, the firm earned $1.98 EPS. SM Energy’s revenue was down 33.3% on a year-over-year basis. On average, analysts forecast that SM Energy will post 5.66 earnings per share for the current fiscal year.
SM Energy Announces Dividend
The business also recently declared a semi-annual dividend, which was paid on Friday, May 5th. Shareholders of record on Friday, April 21st were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, April 20th. This represents a dividend yield of 1.1%. SM Energy’s dividend payout ratio (DPR) is 5.89%.
Insiders Place Their Bets
In other SM Energy news, CEO Herbert S. Vogel acquired 1,000 shares of the stock in a transaction dated Wednesday, March 8th. The shares were bought at an average price of $29.48 per share, with a total value of $29,480.00. Following the purchase, the chief executive officer now directly owns 404,063 shares of the company’s stock, valued at approximately $11,911,777.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last three months, insiders have purchased 3,000 shares of company stock worth $86,460. 1.40% of the stock is owned by corporate insiders.
SM Energy Company Profile
SM Energy Co is an independent energy company, which engages in the acquisition, exploration, development, and production of oil, gas, and natural gas liquids. The company was founded in 1908 and is headquartered in Denver, CO.
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