875,900 Shares in SM Energy Company $SM Acquired by Fearnley Asset Management AS

Fearnley Asset Management AS acquired a new stake in shares of SM Energy Company (NYSE:SM) during the fourth quarter, Holdings Channel.com reports. The fund acquired 875,900 shares of the energy company’s stock, valued at approximately $16,379,000. SM Energy accounts for approximately 7.5% of Fearnley Asset Management AS’s portfolio, making the stock its 7th largest holding.

Several other large investors have also recently added to or reduced their stakes in the stock. NBC Securities Inc. lifted its position in SM Energy by 160.5% in the 4th quarter. NBC Securities Inc. now owns 1,347 shares of the energy company’s stock worth $25,000 after buying an additional 830 shares in the last quarter. SBI Securities Co. Ltd. boosted its stake in shares of SM Energy by 10,461.5% during the 4th quarter. SBI Securities Co. Ltd. now owns 1,373 shares of the energy company’s stock valued at $26,000 after buying an additional 1,360 shares during the period. Global Retirement Partners LLC grew its holdings in shares of SM Energy by 62.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,386 shares of the energy company’s stock valued at $26,000 after acquiring an additional 535 shares in the last quarter. Johnson Financial Group Inc. acquired a new position in shares of SM Energy in the third quarter worth $31,000. Finally, Jones Financial Companies Lllp increased its stake in shares of SM Energy by 316.7% in the third quarter. Jones Financial Companies Lllp now owns 1,200 shares of the energy company’s stock worth $33,000 after acquiring an additional 912 shares during the last quarter. Institutional investors and hedge funds own 94.56% of the company’s stock.

Insider Buying and Selling

In other SM Energy news, Director Ramiro G. Peru sold 24,553 shares of SM Energy stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $33.98, for a total transaction of $834,310.94. Following the sale, the director owned 65,964 shares in the company, valued at $2,241,456.72. The trade was a 27.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.45% of the stock is currently owned by company insiders.

SM Energy Trading Down 0.1%

SM Energy stock opened at $27.11 on Friday. The business has a 50 day moving average price of $30.48 and a two-hundred day moving average price of $25.18. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.98. SM Energy Company has a 12 month low of $17.45 and a 12 month high of $35.88. The stock has a market cap of $6.50 billion, a price-to-earnings ratio of 11.39 and a beta of 0.72.

SM Energy (NYSE:SM) last announced its quarterly earnings data on Wednesday, May 6th. The energy company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.42. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.42 billion. SM Energy had a return on equity of 13.93% and a net margin of 3.45%.SM Energy’s revenue for the quarter was up 75.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.76 EPS. As a group, equities analysts forecast that SM Energy Company will post 7.3 EPS for the current year.

SM Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Monday, June 8th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Monday, June 8th. SM Energy’s dividend payout ratio (DPR) is 36.97%.

Analysts Set New Price Targets

SM has been the subject of several recent research reports. Raymond James Financial upgraded SM Energy from an “underperform” rating to an “outperform” rating and set a $55.00 price objective for the company in a report on Wednesday, May 20th. Weiss Ratings upgraded SM Energy from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. TD Cowen dropped their target price on SM Energy from $36.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, March 17th. Truist Financial raised their price target on SM Energy from $38.00 to $39.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Finally, Susquehanna lifted their price target on SM Energy from $30.00 to $31.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Eight research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $37.07.

About SM Energy

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.