13,792 Shares in SM Energy Company $SM Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC acquired a new position in shares of SM Energy Company (NYSE:SM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 13,792 shares of the energy company’s stock, valued at approximately $360,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SM. GAMMA Investing LLC boosted its holdings in shares of SM Energy by 3.8% in the 2nd quarter. GAMMA Investing LLC now owns 10,108 shares of the energy company’s stock worth $264,000 after purchasing an additional 371 shares during the period. Quad Cities Investment Group LLC increased its position in shares of SM Energy by 2.8% during the 2nd quarter. Quad Cities Investment Group LLC now owns 13,777 shares of the energy company’s stock valued at $360,000 after purchasing an additional 375 shares during the last quarter. Summit Global Investments raised its holdings in SM Energy by 1.1% during the 4th quarter. Summit Global Investments now owns 46,417 shares of the energy company’s stock valued at $868,000 after buying an additional 489 shares during the period. State of Wyoming raised its holdings in SM Energy by 22.2% during the 4th quarter. State of Wyoming now owns 2,748 shares of the energy company’s stock valued at $51,000 after buying an additional 499 shares during the period. Finally, Global Retirement Partners LLC lifted its position in SM Energy by 62.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,386 shares of the energy company’s stock worth $26,000 after buying an additional 535 shares during the last quarter. 94.56% of the stock is currently owned by hedge funds and other institutional investors.

SM Energy Stock Performance

Shares of SM Energy stock opened at $36.59 on Monday. The stock’s fifty day moving average is $31.02 and its two-hundred day moving average is $29.43. The company has a market capitalization of $8.70 billion, a PE ratio of 7.20 and a beta of 0.73. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.85. SM Energy Company has a 52 week low of $17.45 and a 52 week high of $38.25.

SM Energy (NYSE:SM) last released its earnings results on Wednesday, August 5th. The energy company reported $2.19 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.23. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.02 billion. SM Energy had a return on equity of 17.93% and a net margin of 18.20%.The business’s revenue for the quarter was up 215.3% compared to the same quarter last year. During the same period last year, the company earned $1.50 earnings per share. As a group, analysts expect that SM Energy Company will post 7.45 earnings per share for the current year.

SM Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 21st. Investors of record on Monday, September 7th will be issued a dividend of $0.22 per share. The ex-dividend date is Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a yield of 2.4%. SM Energy’s dividend payout ratio (DPR) is presently 17.32%.

Analyst Ratings Changes

A number of research analysts have weighed in on SM shares. Siebert Williams Shank upgraded shares of SM Energy from a “hold” rating to a “buy” rating and boosted their price objective for the company from $30.00 to $41.00 in a research report on Thursday, May 14th. Mizuho upgraded shares of SM Energy to a “strong-buy” rating in a report on Friday, July 31st. UBS Group assumed coverage on shares of SM Energy in a research note on Tuesday, July 14th. They set a “buy” rating and a $36.00 price target for the company. Roth Capital upgraded shares of SM Energy from a “neutral” rating to a “buy” rating and upped their price target for the company from $30.00 to $32.00 in a report on Monday, June 22nd. Finally, Wall Street Zen lowered shares of SM Energy from a “strong-buy” rating to a “buy” rating in a research report on Sunday. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $37.93.

Insiders Place Their Bets

In other SM Energy news, EVP James Barker Lebeck sold 17,500 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $37.02, for a total value of $647,850.00. Following the completion of the sale, the executive vice president directly owned 14,705 shares of the company’s stock, valued at $544,379.10. The trade was a 54.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.45% of the stock is owned by insiders.

SM Energy Company Profile

SM Energy Company (NYSE: SM) is an independent energy firm engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company focuses on identifying and exploiting unconventional onshore basins, leveraging advanced drilling and completion techniques to optimize resource recovery. SM Energy’s operations are supported by an integrated approach to reservoir management and strategic midstream partnerships, enabling efficient transportation and marketing of hydrocarbons.

The company’s core asset areas include prolific basins such as the Permian, Eagle Ford, and the Rocky Mountain region.