426,525 Shares in SM Energy Company $SM Purchased by Leeward Investments LLC MA

Leeward Investments LLC MA bought a new position in SM Energy Company (NYSE:SM) in the first quarter, HoldingsChannel reports. The fund bought 426,525 shares of the energy company’s stock, valued at approximately $13,299,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. NBC Securities Inc. boosted its holdings in shares of SM Energy by 160.5% during the 4th quarter. NBC Securities Inc. now owns 1,347 shares of the energy company’s stock valued at $25,000 after acquiring an additional 830 shares during the last quarter. SBI Securities Co. Ltd. grew its stake in shares of 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 worth $26,000 after acquiring an additional 1,360 shares during the period. Global Retirement Partners LLC raised its holdings in shares of SM Energy by 62.9% during 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 last quarter. Johnson Financial Group Inc. purchased a new position in shares of SM Energy during the third quarter valued at approximately $31,000. Finally, First Horizon Corp lifted its position in SM Energy by 57.4% during the fourth quarter. First Horizon Corp now owns 1,860 shares of the energy company’s stock valued at $35,000 after purchasing an additional 678 shares during the period. Institutional investors own 94.56% of the company’s stock.

Insiders Place Their Bets

In related news, Director Ramiro G. Peru sold 24,553 shares of SM Energy stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $33.98, for a total transaction of $834,310.94. Following the transaction, the director directly owned 65,964 shares in the company, valued at approximately $2,241,456.72. The trade was a 27.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.45% of the company’s stock.

SM Energy Stock Performance

Shares of NYSE SM opened at $27.58 on Wednesday. SM Energy Company has a 12-month low of $17.45 and a 12-month high of $35.88. The firm has a market capitalization of $6.61 billion, a price-to-earnings ratio of 11.59 and a beta of 0.72. 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 firm has a 50 day moving average of $30.45 and a 200 day moving average of $25.32.

SM Energy (NYSE:SM) last released its quarterly earnings results 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 business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.42 billion. SM Energy had a net margin of 3.45% and a return on equity of 13.93%. The company’s quarterly revenue was up 75.0% on a year-over-year basis. During the same period last year, the firm earned $1.76 earnings per share. On average, research analysts anticipate that SM Energy Company will post 7.3 earnings per share for the current year.

SM Energy Announces Dividend

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

Analyst Ratings Changes

SM has been the topic of several research reports. Wells Fargo & Company raised their target price on shares of SM Energy from $29.00 to $32.00 and gave the stock an “equal weight” rating in a report on Monday, May 18th. Roth Mkm upgraded shares of SM Energy from a “neutral” rating to a “buy” rating and boosted their target price for the company from $30.00 to $32.00 in a research note on Monday. Wall Street Zen raised SM Energy from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Siebert Williams Shank upgraded SM Energy from a “hold” rating to a “buy” rating and raised their price target for the stock from $30.00 to $41.00 in a research note on Thursday, May 14th. Finally, Raymond James Financial raised 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. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $37.00.

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.