Sequoia Financial Advisors LLC Takes Position in SM Energy Company $SM

Sequoia Financial Advisors LLC acquired a new stake in shares of SM Energy Company (NYSE:SM) in the first quarter, HoldingsChannel reports. The fund acquired 24,442 shares of the energy company’s stock, valued at approximately $762,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of SM. Torren Management LLC lifted 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 acquiring an additional 821 shares during the last quarter. Valued Wealth Advisors LLC acquired a new position in SM Energy in the first quarter valued at approximately $33,000. Johnson Financial Group Inc. bought a new position in shares of SM Energy during the third quarter valued at approximately $31,000. Root Financial Partners LLC grew its holdings in shares of SM Energy by 3,080.5% during the first quarter. Root Financial Partners LLC now owns 1,304 shares of the energy company’s stock valued at $41,000 after purchasing an additional 1,263 shares during the last quarter. Finally, NBC Securities Inc. raised its position 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 worth $25,000 after purchasing an additional 830 shares during the period. Institutional investors and hedge funds own 94.56% of the company’s stock.

Insiders Place Their Bets

In other SM Energy news, Director Ramiro G. Peru sold 24,553 shares of the business’s 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 completion of the transaction, the director owned 65,964 shares in the company, valued at approximately $2,241,456.72. The trade was a 27.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.45% of the stock is owned by insiders.

SM Energy Price Performance

NYSE SM opened at $31.37 on Friday. The company has a 50-day moving average price of $30.10 and a two-hundred day moving average price of $26.36. SM Energy Company has a 52 week low of $17.45 and a 52 week high of $35.88. The stock has a market cap of $7.52 billion, a price-to-earnings ratio of 13.18 and a beta of 0.73. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.98.

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, beating analysts’ consensus estimates of $1.13 by $0.42. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.42 billion. SM Energy had a return on equity of 13.93% and a net margin of 3.45%.The business’s revenue for the quarter was up 75.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.76 earnings per share. Analysts forecast that SM Energy Company will post 7.13 EPS for the current year.

SM Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Monday, June 8th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, June 8th. This represents a $0.88 annualized dividend and a yield of 2.8%. SM Energy’s payout ratio is presently 36.97%.

Wall Street Analysts Forecast Growth

SM has been the topic of several recent research reports. Raymond James Financial raised SM Energy from an “underperform” rating to an “outperform” rating and set a $55.00 price target on the stock in a report on Wednesday, May 20th. Weiss Ratings upgraded SM Energy from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Zacks Research lowered SM Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Truist Financial cut their target price on SM Energy from $39.00 to $37.00 and set a “buy” rating on the stock in a research note on Tuesday, July 7th. Finally, UBS Group began coverage on shares of SM Energy in a report on Tuesday. They set a “buy” rating and a $36.00 price target for the company. Ten equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, SM Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.93.

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.