SM Energy (NYSE:SM) Stock Holdings Decreased by Oregon Public Employees Retirement Fund

Posted by Defense World Staff on Aug 9th, 2023

Oregon Public Employees Retirement Fund decreased its stake in shares of SM Energy (NYSE:SM – Free Report) by 3.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 39,462 shares of the energy company’s stock after selling 1,348 shares during the period. Oregon Public Employees Retirement Fund’s holdings in SM Energy were worth $1,111,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Los Angeles Capital Management LLC grew its position in shares of SM Energy by 11.5% during the 1st quarter. Los Angeles Capital Management LLC now owns 52,367 shares of the energy company’s stock valued at $1,475,000 after buying an additional 5,382 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new stake in shares of SM Energy in the 1st quarter worth approximately $110,000. Pacer Advisors Inc. boosted its position in SM Energy by 74.5% during the 4th quarter. Pacer Advisors Inc. now owns 820,155 shares of the energy company’s stock valued at $28,566,000 after purchasing an additional 350,054 shares during the period. Boston Partners grew its stake in SM Energy by 0.4% during the 4th quarter. Boston Partners now owns 118,109 shares of the energy company’s stock worth $4,114,000 after buying an additional 498 shares during the last quarter. Finally, Homestead Advisers Corp increased its position in SM Energy by 35.5% in the first quarter. Homestead Advisers Corp now owns 153,300 shares of the energy company’s stock worth $4,317,000 after buying an additional 40,200 shares during the period. 89.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Susquehanna upped their price target on shares of SM Energy from $30.00 to $32.00 in a research report on Thursday, June 22nd. Raymond James raised their price target 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. Mizuho boosted their price objective on SM Energy from $33.00 to $41.00 in a research report on Tuesday, July 11th. TheStreet upgraded SM Energy from a “c+” rating to a “b-” rating in a research report on Monday, July 10th. Finally, Royal Bank of Canada cut their target price on SM Energy from $43.00 to $41.00 and set a “sector perform” rating on the stock in a research note on Thursday, July 13th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, SM Energy currently has an average rating of “Hold” and a consensus price target of $39.80.

Get Our Latest Stock Analysis on SM Energy

SM Energy Price Performance

NYSE:SM opened at $38.87 on Wednesday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.48. The business’s 50-day moving average price is $31.71 and its 200 day moving average price is $30.07. SM Energy has a 52-week low of $24.66 and a 52-week high of $48.55. The firm has a market cap of $4.61 billion, a P/E ratio of 4.40 and a beta of 4.39.

SM Energy (NYSE:SM – Get Free Report) last announced its quarterly earnings data on Wednesday, August 2nd. The energy company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.26. SM Energy had a net margin of 41.36% and a return on equity of 22.48%. The company had revenue of $550.75 million for the quarter, compared to analysts’ expectations of $555.46 million. As a group, sell-side analysts predict that SM Energy will post 5.2 earnings per share for the current fiscal year.

SM Energy Dividend Announcement

The business also recently disclosed a semi-annual dividend, which was paid on Monday, August 7th. Stockholders of record on Friday, July 21st were paid a dividend of $0.15 per share. This represents a dividend yield of 1%. The ex-dividend date was Thursday, July 20th. SM Energy’s dividend payout ratio is presently 6.80%.

About SM Energy

(Free Report)

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.