Los Angeles Capital Management LLC lifted its holdings in SM Energy (NYSE:SM – Free Report) by 11.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,367 shares of the energy company’s stock after purchasing an additional 5,382 shares during the period. Los Angeles Capital Management LLC’s holdings in SM Energy were worth $1,475,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the business. Signaturefd LLC grew its holdings in SM Energy by 173.1% during the fourth quarter. Signaturefd LLC now owns 893 shares of the energy company’s stock valued at $31,000 after purchasing an additional 566 shares during the last quarter. IFP Advisors Inc raised its holdings in 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 acquiring an additional 922 shares during the period. Byrne Asset Management LLC lifted its position in SM Energy by 30.0% during the 4th quarter. Byrne Asset Management LLC now owns 1,690 shares of the energy company’s stock worth $59,000 after acquiring an additional 390 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in SM Energy during the 4th quarter worth $68,000. Finally, US Asset Management LLC bought a new stake in SM Energy during the fourth quarter valued at about $89,000. 89.10% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts have issued reports on SM shares. Royal Bank of Canada lowered their target price on SM Energy from $43.00 to $41.00 and set a “sector perform” rating on the stock in a report on Thursday, July 13th. Susquehanna raised their price objective on shares of SM Energy from $30.00 to $32.00 in a research note on Thursday, June 22nd. StockNews.com initiated coverage on shares of SM Energy in a research note on Thursday, May 18th. They set a “hold” rating for the company. Mizuho boosted their price objective on shares of SM Energy from $33.00 to $41.00 in a report on Tuesday, July 11th. Finally, Raymond James increased their target price on shares of SM Energy from $41.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, SM Energy has an average rating of “Hold” and a consensus price target of $39.80.
SM Energy Price Performance
SM Energy (NYSE:SM – Get Free Report) last released its quarterly earnings results on Wednesday, August 2nd. The energy company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.02 by $0.26. SM Energy had a net margin of 41.36% and a return on equity of 22.91%. The business had revenue of $550.75 million for the quarter, compared to analysts’ expectations of $555.46 million. Equities research analysts expect that SM Energy will post 5.16 EPS for the current fiscal year.
SM Energy Dividend Announcement
The company also recently disclosed a semi-annual dividend, which will be paid on Monday, August 7th. Investors of record on Friday, July 21st will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, July 20th. This represents a yield of 1%. SM Energy’s payout ratio is 6.80%.
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 also has working interests in oil and gas producing wells in the Midland Basin and South Texas. The company was formerly known as St.
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