Three Peaks Capital Management LLC Sells 4,500 Shares of SM Energy Company (SM)
Three Peaks Capital Management LLC lowered its stake in shares of SM Energy Company (NYSE:SM) by 2.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 171,363 shares of the energy company’s stock after selling 4,500 shares during the quarter. Three Peaks Capital Management LLC owned 0.15% of SM Energy worth $3,040,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently bought and sold shares of SM. Pacer Advisors Inc. increased its holdings in SM Energy by 12.1% in the second quarter. Pacer Advisors Inc. now owns 9,878 shares of the energy company’s stock valued at $163,000 after buying an additional 1,064 shares during the last quarter. Tocqueville Asset Management L.P. purchased a new position in SM Energy in the second quarter valued at $165,000. ING Groep NV purchased a new position in SM Energy in the second quarter valued at $197,000. Russell Investments Group Ltd. increased its holdings in SM Energy by 43.7% in the second quarter. Russell Investments Group Ltd. now owns 12,368 shares of the energy company’s stock valued at $205,000 after buying an additional 3,762 shares during the last quarter. Finally, Nisa Investment Advisors LLC purchased a new position in SM Energy in the second quarter valued at $226,000. 98.04% of the stock is currently owned by institutional investors and hedge funds.
SM Energy Company (NYSE SM) traded down $0.09 during midday trading on Friday, reaching $20.96. 1,178,500 shares of the company’s stock traded hands, compared to its average volume of 4,387,903. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.53 and a quick ratio of 1.53. SM Energy Company has a one year low of $12.29 and a one year high of $42.45.
SM Energy (NYSE:SM) last released its quarterly earnings data on Thursday, November 2nd. The energy company reported ($0.25) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $0.07. SM Energy had a negative net margin of 25.17% and a negative return on equity of 2.88%. The company had revenue of $295.40 million during the quarter, compared to the consensus estimate of $300.80 million. During the same quarter in the prior year, the firm posted ($0.37) earnings per share. SM Energy’s revenue for the quarter was down 16.2% on a year-over-year basis. sell-side analysts anticipate that SM Energy Company will post -1.05 EPS for the current fiscal year.
The business also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, November 1st. Shareholders of record on Friday, October 20th were paid a $0.05 dividend. The ex-dividend date of this dividend was Thursday, October 19th. This represents a yield of 0.54%. SM Energy’s dividend payout ratio is presently -2.93%.
SM has been the topic of several recent analyst reports. KeyCorp reissued a “buy” rating and issued a $26.00 target price on shares of SM Energy in a report on Friday, October 20th. Williams Capital increased their target price on SM Energy from $30.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, October 18th. J P Morgan Chase & Co raised SM Energy from a “neutral” rating to an “overweight” rating and set a $30.00 target price on the stock in a report on Monday, October 23rd. Royal Bank Of Canada set a $20.00 target price on SM Energy and gave the company a “hold” rating in a report on Thursday, August 24th. Finally, Zacks Investment Research raised SM Energy from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $27.67.
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SM Energy Company Profile
SM Energy Company is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of crude oil and condensate, natural gas and natural gas liquids in onshore North America. It operates in the exploration and production segment of the oil and gas industry within the United States.
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