LS Investment Advisors LLC increased its position in shares of SM Energy Co. (NYSE:SM) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,894 shares of the energy company’s stock after buying an additional 880 shares during the period. LS Investment Advisors LLC’s holdings in SM Energy were worth $1,590,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Commonwealth Equity Services Inc raised its stake in SM Energy by 4.7% in the first quarter. Commonwealth Equity Services Inc now owns 18,171 shares of the energy company’s stock worth $341,000 after buying an additional 819 shares during the period. Nisa Investment Advisors LLC bought a new stake in SM Energy during the second quarter worth approximately $124,000. Douglass Winthrop Advisors LLC raised its stake in SM Energy by 3.3% in the second quarter. Douglass Winthrop Advisors LLC now owns 304,865 shares of the energy company’s stock worth $9,768,000 after buying an additional 9,850 shares during the period. JPMorgan Chase & Co. raised its stake in SM Energy by 18.1% in the first quarter. JPMorgan Chase & Co. now owns 64,281 shares of the energy company’s stock worth $1,205,000 after buying an additional 9,873 shares during the period. Finally, Glenmede Trust Co. NA raised its stake in SM Energy by 90.3% in the first quarter. Glenmede Trust Co. NA now owns 23,510 shares of the energy company’s stock worth $438,000 after buying an additional 11,157 shares during the period. Hedge funds and other institutional investors own 82.89% of the company’s stock.
SM Energy Co. (NYSE:SM) traded down 1.99% during trading on Friday, hitting $39.32. The stock had a trading volume of 1,593,181 shares. SM Energy Co. has a 52-week low of $6.99 and a 52-week high of $41.55. The company’s market cap is $2.69 billion. The company has a 50-day moving average price of $36.80 and a 200-day moving average price of $29.80.
SM Energy (NYSE:SM) last issued its quarterly earnings results on Tuesday, August 2nd. The energy company reported ($0.44) EPS for the quarter, topping analysts’ consensus estimates of ($0.71) by $0.27. SM Energy had a negative return on equity of 9.92% and a negative net margin of 73.55%. The firm had revenue of $341.80 million for the quarter, compared to analysts’ expectations of $328.18 million. During the same period in the previous year, the firm posted $0.49 EPS. The business’s revenue for the quarter was down 33.8% compared to the same quarter last year. Equities research analysts forecast that SM Energy Co. will post ($2.38) EPS for the current year.
The business also recently declared a semiannual dividend, which will be paid on Wednesday, November 2nd. Stockholders of record on Friday, October 21st will be given a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, October 19th. This represents a dividend yield of 0.29%. SM Energy’s dividend payout ratio is currently -0.80%.
A number of research firms have commented on SM. Deutsche Bank AG upped their price target on SM Energy from $31.00 to $35.00 and gave the company a “hold” rating in a research report on Tuesday, June 14th. Simmons upgraded SM Energy from a “neutral” rating to an “overweight” rating and upped their target price for the company from $38.00 to $50.00 in a research report on Monday, August 15th. KLR Group upgraded SM Energy from an “accumulate” rating to a “buy” rating and upped their target price for the company from $37.00 to $43.00 in a research report on Tuesday, August 9th. KeyCorp upgraded SM Energy from a “sector weight” rating to an “overweight” rating and set a $40.00 target price on the stock in a research report on Wednesday, August 10th. Finally, Cantor Fitzgerald restated a “hold” rating and set a $24.00 target price on shares of SM Energy in a research report on Wednesday, August 3rd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $33.52.
In other news, SVP Kenneth J. Knott sold 661 shares of the business’s stock in a transaction that occurred on Thursday, September 29th. The stock was sold at an average price of $40.00, for a total value of $26,440.00. Following the sale, the senior vice president now directly owns 43,417 shares of the company’s stock, valued at approximately $1,736,680. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.70% of the stock is owned by insiders.
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 (NGLs) in onshore North America. The Company operates in the exploration and production segment of the oil and gas industry within the United States.
Want to see what other hedge funds are holding SM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SM Energy Co. (NYSE:SM).
Receive News & Ratings for SM Energy Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SM Energy Co. and related companies with MarketBeat.com's FREE daily email newsletter.