Goldman Sachs Group Inc. reduced its holdings in SM Energy (NYSE:SM – Free Report) by 8.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,346,941 shares of the energy company’s stock after selling 120,861 shares during the period. Goldman Sachs Group Inc. owned about 1.16% of SM Energy worth $52,154,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the business. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of SM Energy during the 4th quarter worth about $41,000. Covestor Ltd raised its stake in shares of SM Energy by 294.1% during the 3rd quarter. Covestor Ltd now owns 1,064 shares of the energy company’s stock worth $42,000 after purchasing an additional 794 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of SM Energy by 113.9% during the 4th quarter. Parallel Advisors LLC now owns 1,281 shares of the energy company’s stock worth $50,000 after purchasing an additional 682 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of SM Energy by 3,772.2% during the 4th quarter. International Assets Investment Management LLC now owns 1,394 shares of the energy company’s stock worth $54,000 after purchasing an additional 1,358 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its stake in shares of SM Energy by 31.6% during the 4th quarter. First Horizon Advisors Inc. now owns 1,469 shares of the energy company’s stock worth $57,000 after purchasing an additional 353 shares in the last quarter. 94.56% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on SM Energy from $49.00 to $54.00 and gave the company an “overweight” rating in a research note on Tuesday, April 9th. StockNews.com downgraded SM Energy from a “buy” rating to a “hold” rating in a research note on Tuesday. Susquehanna raised their price objective on SM Energy from $42.00 to $51.00 and gave the company a “neutral” rating in a research note on Monday, April 22nd. Royal Bank of Canada raised their price objective on SM Energy from $50.00 to $54.00 and gave the company a “sector perform” rating in a research note on Friday, May 10th. Finally, Wells Fargo & Company raised their price objective on SM Energy from $45.00 to $51.00 and gave the company an “equal weight” rating in a research note on Thursday, April 18th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, SM Energy has an average rating of “Moderate Buy” and a consensus target price of $54.57.
Read Our Latest Research Report on SM Energy
SM Energy Stock Performance
SM opened at $47.52 on Thursday. The firm has a market capitalization of $5.46 billion, a P/E ratio of 7.45 and a beta of 4.15. The stock’s 50 day moving average price is $48.88 and its two-hundred day moving average price is $43.82. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.43. SM Energy has a 12-month low of $27.37 and a 12-month high of $53.26.
SM Energy (NYSE:SM – Get Free Report) last released its earnings results on Thursday, May 2nd. The energy company reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.13. The firm had revenue of $559.87 million for the quarter, compared to analyst estimates of $568.21 million. SM Energy had a return on equity of 20.10% and a net margin of 31.80%. On average, equities analysts forecast that SM Energy will post 6.63 earnings per share for the current year.
SM Energy Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 3rd. Stockholders of record on Friday, April 19th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date was Thursday, April 18th. SM Energy’s dividend payout ratio is presently 11.29%.
Insider Activity
In other news, SVP Kenneth J. Knott sold 16,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $50.28, for a total transaction of $804,480.00. Following the sale, the senior vice president now directly owns 114,495 shares in the company, valued at $5,756,808.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.50% of the stock is currently owned by company insiders.
About SM Energy
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.
See Also
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Source: defenseworld.net
