Fox Run Management L.L.C. Acquires New Position in SM Energy Company $SM

Fox Run Management L.L.C. acquired a new stake in SM Energy Company (NYSE:SM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 70,806 shares of the energy company’s stock, valued at approximately $1,324,000.

A number of other hedge funds have also recently added to or reduced their stakes in SM. NBC Securities Inc. lifted its position in SM Energy by 160.5% in the fourth quarter. NBC Securities Inc. now owns 1,347 shares of the energy company’s stock valued at $25,000 after purchasing an additional 830 shares during the period. SBI Securities Co. Ltd. lifted its position in SM Energy by 10,461.5% in the fourth quarter. SBI Securities Co. Ltd. now owns 1,373 shares of the energy company’s stock valued at $26,000 after purchasing an additional 1,360 shares during the period. 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 valued at $26,000 after purchasing an additional 535 shares during the period. Johnson Financial Group Inc. acquired a new stake in SM Energy in the third quarter valued at about $31,000. Finally, Jones Financial Companies Lllp lifted its position in SM Energy by 316.7% in the third quarter. Jones Financial Companies Lllp now owns 1,200 shares of the energy company’s stock valued at $33,000 after purchasing an additional 912 shares during the period. Institutional investors and hedge funds own 94.56% of the company’s stock.

SM Energy Price Performance

SM stock opened at $31.06 on Wednesday. The firm has a 50 day moving average of $30.69 and a 200-day moving average of $24.62. SM Energy Company has a 12-month low of $17.45 and a 12-month high of $35.88. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.98. The company has a market cap of $7.45 billion, a price-to-earnings ratio of 13.05 and a beta of 0.72.

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

SM Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Monday, June 8th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Monday, June 8th. SM Energy’s dividend payout ratio (DPR) is presently 36.97%.

Insider Activity

In other news, Director Ramiro G. Peru sold 24,553 shares of SM Energy stock in a transaction that occurred 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 completion of the sale, the director directly owned 65,964 shares in the company, valued at approximately $2,241,456.72. This trade represents a 27.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.45% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Wall Street Zen upgraded shares of SM Energy from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Wells Fargo & Company raised their price objective on shares of SM Energy from $29.00 to $32.00 and gave the company an “equal weight” rating in a research report on Monday, May 18th. JPMorgan Chase & Co. upgraded shares of SM Energy from a “neutral” rating to an “overweight” rating and set a $40.00 price objective for the company in a research report on Friday, March 20th. National Bank Financial set a $30.00 price objective on shares of SM Energy in a research report on Tuesday, March 17th. Finally, Raymond James Financial upgraded shares of SM Energy from an “underperform” rating to an “outperform” rating and set a $55.00 price target for the company in a research report on Wednesday, May 20th. Eight analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $37.07.

SM Energy 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.