Intech Investment Management LLC Lowers Position in SM Energy Company $SM

Intech Investment Management LLC lessened its holdings in shares of SM Energy Company (NYSE:SM) by 48.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,099 shares of the energy company’s stock after selling 50,194 shares during the quarter. Intech Investment Management LLC’s holdings in SM Energy were worth $1,326,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of research firms recently issued reports on SM. Weiss Ratings downgraded shares of SM Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday. Stephens raised their price objective on SM Energy from $48.00 to $49.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. Mizuho set a $34.00 target price on shares of SM Energy in a report on Friday, January 9th. Susquehanna decreased their price target on SM Energy from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Monday, January 26th. Finally, Royal Bank Of Canada lowered their target price on SM Energy from $35.00 to $29.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $31.22.

SM Energy Stock Performance

Shares of NYSE SM opened at $26.01 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.69 and a current ratio of 0.69. The company has a market cap of $2.98 billion, a P/E ratio of 4.60 and a beta of 1.03. SM Energy Company has a 52-week low of $17.45 and a 52-week high of $32.26. The firm’s fifty day moving average is $20.40 and its two-hundred day moving average is $21.79.

SM Energy (NYSE:SM) last announced its quarterly earnings results on Wednesday, February 25th. The energy company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.10. The company had revenue of $704.92 million during the quarter, compared to analyst estimates of $764.40 million. SM Energy had a return on equity of 13.47% and a net margin of 20.55%.The firm’s revenue was down 17.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.91 earnings per share. As a group, analysts anticipate that SM Energy Company will post 8.1 EPS for the current fiscal year.

SM Energy Increases Dividend

The business also recently declared 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. This is an increase from SM Energy’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a yield of 3.4%. The ex-dividend date is Monday, March 9th. SM Energy’s dividend payout ratio (DPR) is 14.16%.

SM Energy 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.