SM Energy Company $SM Shares Bought by CSM Advisors LLC

CSM Advisors LLC grew its position in SM Energy Company (NYSE:SM) by 25.3% in the third quarter, Holdings Channel.com reports. The fund owned 209,494 shares of the energy company’s stock after buying an additional 42,244 shares during the period. CSM Advisors LLC’s holdings in SM Energy were worth $5,232,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Royal Bank of Canada increased its stake in SM Energy by 27.7% during the first quarter. Royal Bank of Canada now owns 91,916 shares of the energy company’s stock valued at $2,753,000 after purchasing an additional 19,965 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of SM Energy by 43.9% in the 1st quarter. AQR Capital Management LLC now owns 145,922 shares of the energy company’s stock worth $4,370,000 after buying an additional 44,542 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of SM Energy by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 68,111 shares of the energy company’s stock worth $2,040,000 after buying an additional 2,969 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of SM Energy by 44.9% in the 1st quarter. NewEdge Advisors LLC now owns 3,248 shares of the energy company’s stock valued at $97,000 after buying an additional 1,007 shares during the period. Finally, United Services Automobile Association acquired a new position in shares of SM Energy in the 1st quarter valued at about $222,000. 94.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SM. Mizuho set a $34.00 price objective on shares of SM Energy in a research note on Friday, January 9th. Zacks Research upgraded SM Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, February 16th. Weiss Ratings lowered SM Energy from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, March 2nd. KeyCorp dropped their price target on SM Energy from $36.00 to $28.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 10th. Finally, Roth Mkm reissued a “buy” rating and issued a $24.00 price target on shares of SM Energy in a report on Wednesday, February 18th. One 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $30.00.

SM Energy Price Performance

NYSE SM opened at $26.79 on Monday. SM Energy Company has a 52 week low of $17.45 and a 52 week high of $32.26. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.48. The stock has a market cap of $3.07 billion, a price-to-earnings ratio of 4.74 and a beta of 1.03. The company has a 50-day moving average price of $21.09 and a two-hundred day moving average price of $21.68.

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

SM Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Monday, March 9th will be given a $0.22 dividend. The ex-dividend date is Monday, March 9th. This represents a $0.88 annualized dividend and a yield of 3.3%. This is an increase from SM Energy’s previous quarterly dividend of $0.20. SM Energy’s payout ratio is 15.58%.

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.