Ironwood Investment Management LLC Acquires 22,300 Shares of SM Energy Company $SM

Ironwood Investment Management LLC grew its holdings in SM Energy Company (NYSE:SM) by 65.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,490 shares of the energy company’s stock after purchasing an additional 22,300 shares during the period. Ironwood Investment Management LLC’s holdings in SM Energy were worth $1,411,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of SM. First Horizon Corp bought a new position in shares of SM Energy during the third quarter valued at $30,000. Jones Financial Companies Lllp raised its position in SM Energy by 316.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,200 shares of the energy company’s stock worth $33,000 after buying an additional 912 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in SM Energy by 220.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,430 shares of the energy company’s stock valued at $36,000 after acquiring an additional 984 shares during the period. Versant Capital Management Inc lifted its stake in SM Energy by 201.0% during the 3rd quarter. Versant Capital Management Inc now owns 1,776 shares of the energy company’s stock valued at $44,000 after acquiring an additional 1,186 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its holdings in shares of SM Energy by 36.3% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 2,010 shares of the energy company’s stock valued at $50,000 after acquiring an additional 535 shares during the last quarter. Hedge funds and other institutional investors own 94.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Susquehanna reduced their price target on shares of SM Energy from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Monday, January 26th. Zacks Research upgraded shares of SM Energy from a “strong sell” rating to a “hold” rating in a report on Monday, February 16th. Royal Bank Of Canada cut their target price on shares of SM Energy from $35.00 to $29.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 13th. Mizuho set a $34.00 target price on shares of SM Energy in a research note on Friday, January 9th. Finally, Siebert Williams Shank cut SM Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, SM Energy has an average rating of “Hold” and an average price target of $30.00.

SM Energy Trading Down 0.4%

Shares of SM stock opened at $25.52 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.69 and a quick ratio of 0.69. The company has a market cap of $2.92 billion, a price-to-earnings ratio of 4.52 and a beta of 1.03. SM Energy Company has a 1 year low of $17.45 and a 1 year high of $32.26. The firm has a fifty day moving average price of $20.94 and a 200-day moving average price of $21.77.

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

SM Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Monday, March 9th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Monday, March 9th. This is a positive change from SM Energy’s previous quarterly dividend of $0.20. SM Energy’s dividend payout ratio (DPR) is 15.58%.

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.