Goehring & Rozencwajg Associates LLC Takes $15.21 Million Position in SM Energy Company $SM

Goehring & Rozencwajg Associates LLC acquired a new stake in shares of SM Energy Company (NYSE:SM) during the 1st quarter, Holdings Channel.com reports. The fund acquired 487,730 shares of the energy company’s stock, valued at approximately $15,207,000.

Several other large investors also recently bought and sold shares of the business. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of SM Energy by 96.1% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 114,609 shares of the energy company’s stock worth $2,143,000 after acquiring an additional 56,160 shares during the period. Denali Advisors LLC lifted its position in SM Energy by 22.2% during the fourth quarter. Denali Advisors LLC now owns 300,000 shares of the energy company’s stock valued at $5,610,000 after purchasing an additional 54,428 shares during the period. SG Americas Securities LLC lifted its position in SM Energy by 279.7% during the fourth quarter. SG Americas Securities LLC now owns 150,329 shares of the energy company’s stock valued at $2,811,000 after purchasing an additional 110,735 shares during the period. UBS Group AG lifted its position in SM Energy by 23.0% during the fourth quarter. UBS Group AG now owns 666,070 shares of the energy company’s stock valued at $12,456,000 after purchasing an additional 124,448 shares during the period. Finally, Wedge Capital Management L L P NC boosted its holdings in SM Energy by 16.6% in the fourth quarter. Wedge Capital Management L L P NC now owns 617,859 shares of the energy company’s stock worth $11,554,000 after purchasing an additional 87,834 shares during the last quarter. 94.56% of the stock is currently owned by institutional investors.

SM Energy Trading Up 0.8%

NYSE:SM opened at $29.97 on Thursday. SM Energy Company has a one year low of $17.45 and a one year high of $35.88. The business has a fifty day moving average price of $30.04 and a 200-day moving average price of $26.24. The firm has a market capitalization of $7.18 billion, a price-to-earnings ratio of 12.59 and a beta of 0.73. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.39 and a quick ratio of 0.39.

SM Energy (NYSE:SM) last released its quarterly earnings results on Wednesday, May 6th. The energy company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.42. The business had revenue of $1.48 billion during 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.76 earnings per share. Sell-side analysts forecast that SM Energy Company will post 7.1 EPS for the current year.

SM Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Monday, June 8th were paid a dividend of $0.22 per share. The ex-dividend date was Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.9%. SM Energy’s payout ratio is 36.97%.

Wall Street Analyst Weigh In

A number of research firms have commented on SM. Truist Financial cut their target price on shares of SM Energy from $39.00 to $37.00 and set a “buy” rating for the company in a research report on Tuesday, July 7th. UBS Group started coverage on SM Energy in a research note on Tuesday. They issued a “buy” rating and a $36.00 price target on the stock. BMO Capital Markets lifted their price objective on SM Energy from $26.00 to $33.00 and gave the stock a “market perform” rating in a report on Thursday, April 2nd. Weiss Ratings upgraded SM Energy from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. Finally, Zacks Research cut SM Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Ten 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 company presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.93.

Insider Transactions at SM Energy

In other SM Energy news, Director Ramiro G. Peru sold 24,553 shares of the firm’s 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 sale, the director 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. Corporate insiders own 0.45% of the company’s stock.

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.