Encompass Capital Advisors LLC Acquires New Shares in SM Energy Company $SM

Encompass Capital Advisors LLC bought a new position in SM Energy Company (NYSE:SM) in the first quarter, HoldingsChannel reports. The fund bought 697,800 shares of the energy company’s stock, valued at approximately $21,757,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. NBC Securities Inc. grew its stake in shares of SM Energy by 160.5% in the fourth quarter. NBC Securities Inc. now owns 1,347 shares of the energy company’s stock worth $25,000 after acquiring an additional 830 shares during the period. SBI Securities Co. Ltd. lifted its position in SM Energy by 10,461.5% during 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. Torren Management LLC boosted its holdings in SM Energy by 4,561.1% in the first quarter. Torren Management LLC now owns 839 shares of the energy company’s stock worth $26,000 after purchasing an additional 821 shares during the last quarter. Global Retirement Partners LLC boosted its holdings 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 worth $26,000 after purchasing an additional 535 shares during the last quarter. Finally, Center for Financial Planning Inc. bought a new stake in SM Energy in the 1st quarter worth approximately $31,000. Institutional investors own 94.56% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on SM. BMO Capital Markets increased their price target on SM Energy from $26.00 to $33.00 and gave the company a “market perform” rating in a report on Thursday, April 2nd. Siebert Williams Shank upgraded SM Energy from a “hold” rating to a “buy” rating and upped their price objective for the company from $30.00 to $41.00 in a research report on Thursday, May 14th. Susquehanna increased their target price on SM Energy from $31.00 to $32.00 and gave the company a “neutral” rating in a report on Tuesday, July 21st. Truist Financial dropped their target price on SM Energy from $39.00 to $37.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. Finally, UBS Group assumed coverage on SM Energy in a research note on Tuesday, July 14th. They set a “buy” rating and a $36.00 price target for the company. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.53.

SM Energy Trading Down 8.6%

Shares of SM stock opened at $30.33 on Tuesday. SM Energy Company has a 1 year low of $17.45 and a 1 year high of $35.88. The firm has a fifty day moving average price of $30.17 and a 200-day moving average price of $26.99. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.39 and a quick ratio of 0.39. The company has a market cap of $7.27 billion, a price-to-earnings ratio of 12.74 and a beta of 0.73.

SM Energy (NYSE:SM) last posted its quarterly earnings data on Wednesday, May 6th. The energy company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.13 by $0.42. SM Energy had a return on equity of 13.93% and a net margin of 3.45%.The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period in the prior year, the business posted $1.76 EPS. SM Energy’s revenue was up 75.0% on a year-over-year basis. As a group, equities analysts predict that SM Energy Company will post 6.95 earnings per share for the current year.

SM Energy Announces Dividend

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

Insider Buying and Selling

In other news, Director Ramiro G. Peru sold 24,553 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $33.98, for a total value of $834,310.94. Following the transaction, the director owned 65,964 shares of the company’s stock, valued at $2,241,456.72. This trade represents 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 through this hyperlink. 0.45% of the stock is currently owned by insiders.

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.