Segall Bryant & Hamill LLC Buys 22,367 Shares of SM Energy Company $SM

Segall Bryant & Hamill LLC grew its stake in shares of SM Energy Company (NYSE:SM) by 18.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 141,809 shares of the energy company’s stock after buying an additional 22,367 shares during the quarter. Segall Bryant & Hamill LLC owned 0.12% of SM Energy worth $3,541,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in SM. Balyasny Asset Management L.P. bought a new position in SM Energy in the second quarter valued at $25,179,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of SM Energy by 182.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,082,414 shares of the energy company’s stock valued at $26,746,000 after buying an additional 699,115 shares in the last quarter. Tributary Capital Management LLC lifted its position in SM Energy by 136.8% in the 3rd quarter. Tributary Capital Management LLC now owns 1,185,762 shares of the energy company’s stock worth $29,608,000 after buying an additional 685,118 shares during the last quarter. Westwood Holdings Group Inc. boosted its stake in SM Energy by 16.3% in the second quarter. Westwood Holdings Group Inc. now owns 3,731,350 shares of the energy company’s stock worth $92,202,000 after buying an additional 524,105 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in SM Energy by 22.2% in the second quarter. Invesco Ltd. now owns 2,289,314 shares of the energy company’s stock worth $56,569,000 after buying an additional 415,454 shares in the last quarter. 94.56% of the stock is owned by institutional investors.

SM Energy Trading Up 4.6%

Shares of SM opened at $25.66 on Friday. The stock has a market capitalization of $2.94 billion, a P/E ratio of 4.54 and a beta of 1.03. SM Energy Company has a twelve month low of $17.45 and a twelve month high of $32.26. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.48. The firm has a fifty day simple moving average of $20.25 and a two-hundred day simple moving average of $21.79.

SM Energy (NYSE:SM) last released its quarterly earnings data on Wednesday, February 25th. The energy company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.10. The firm had revenue of $704.92 million for the quarter, compared to analysts’ expectations of $764.40 million. SM Energy had a net margin of 20.55% and a return on equity of 13.47%. The company’s revenue for the quarter was down 17.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.91 earnings per share. On average, research analysts anticipate that SM Energy Company will post 8.1 EPS for the current year.

SM Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Monday, March 9th will be issued a dividend of $0.22 per share. The ex-dividend date is Monday, March 9th. This represents a $0.88 dividend on an annualized basis and a yield of 3.4%. This is a boost from SM Energy’s previous quarterly dividend of $0.20. SM Energy’s dividend payout ratio (DPR) is presently 14.16%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Weiss Ratings downgraded shares of SM Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday. Royal Bank Of Canada decreased their target price on shares of SM Energy from $35.00 to $29.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 13th. Mizuho set a $34.00 price target on shares of SM Energy in a research note on Friday, January 9th. Roth Mkm restated a “buy” rating and set a $24.00 price target on shares of SM Energy in a research report on Wednesday, February 18th. Finally, Zacks Research upgraded SM Energy from a “strong sell” rating to a “hold” rating in a report on Monday, February 16th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $31.22.

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.