MQS Management LLC Grows Position in SM Energy Company $SM

MQS Management LLC lifted its stake in SM Energy Company (NYSE:SM) by 54.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 17,901 shares of the energy company’s stock after buying an additional 6,283 shares during the quarter. MQS Management LLC’s holdings in SM Energy were worth $442,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of SM Energy by 69.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,017 shares of the energy company’s stock worth $30,000 after buying an additional 417 shares in the last quarter. Brooklyn Investment Group lifted its holdings in shares of SM Energy by 1,097.9% in the first quarter. Brooklyn Investment Group now owns 1,138 shares of the energy company’s stock worth $34,000 after buying an additional 1,043 shares in the last quarter. Flaharty Asset Management LLC purchased a new position in shares of SM Energy in the first quarter worth $45,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of SM Energy by 332.8% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,887 shares of the energy company’s stock worth $47,000 after buying an additional 1,451 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of SM Energy by 73.1% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,899 shares of the energy company’s stock worth $57,000 after buying an additional 802 shares in the last quarter. Hedge funds and other institutional investors own 94.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Royal Bank Of Canada upped their price target on shares of SM Energy from $34.00 to $35.00 and gave the company a “sector perform” rating in a research note on Thursday, October 9th. TD Cowen raised shares of SM Energy to a “strong-buy” rating in a research note on Monday, July 7th. Susquehanna decreased their price target on shares of SM Energy to $27.00 and set a “neutral” rating on the stock in a research note on Monday, October 20th. Zacks Research downgraded shares of SM Energy from a “hold” rating to a “strong sell” rating in a research note on Friday, October 3rd. Finally, Wells Fargo & Company decreased their price target on shares of SM Energy from $30.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $37.50.

SM Energy Price Performance

SM Energy stock opened at $20.83 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $2.39 billion, a PE ratio of 2.94 and a beta of 2.30. SM Energy Company has a 12-month low of $19.67 and a 12-month high of $46.42. The firm has a 50-day moving average price of $25.61 and a 200-day moving average price of $25.30.

SM Energy (NYSE:SM) last announced its earnings results on Thursday, July 31st. The energy company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.27. SM Energy had a return on equity of 18.06% and a net margin of 25.94%.The business had revenue of $792.94 million during the quarter, compared to analyst estimates of $792.58 million. During the same quarter in the previous year, the business earned $1.85 earnings per share. The company’s revenue for the quarter was up 25.0% compared to the same quarter last year. As a group, equities research analysts forecast that SM Energy Company will post 8.1 EPS for the current year.

SM Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 17th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Friday, October 17th. SM Energy’s payout ratio is 11.30%.

SM Energy Profile

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, gas, and natural gas liquids in the state of Texas. It has working interests in oil and gas producing wells in the Midland Basin and South Texas. The company was formerly known as St.