24,442 Shares in SM Energy Company $SM Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC acquired a new position in SM Energy Company (NYSE:SM) during the first quarter, according to the company in its most recent filing with the SEC. The fund acquired 24,442 shares of the energy company’s stock, valued at approximately $762,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SM. NBC Securities Inc. increased its position in shares of SM Energy by 160.5% during the fourth quarter. NBC Securities Inc. now owns 1,347 shares of the energy company’s stock worth $25,000 after acquiring an additional 830 shares during the last quarter. SBI Securities Co. Ltd. boosted its holdings in SM Energy by 10,461.5% in the fourth quarter. SBI Securities Co. Ltd. now owns 1,373 shares of the energy company’s stock valued at $26,000 after purchasing an additional 1,360 shares during the last quarter. Torren Management LLC grew its stake in SM Energy by 4,561.1% during the 1st quarter. Torren Management LLC now owns 839 shares of the energy company’s stock valued at $26,000 after purchasing an additional 821 shares in the last quarter. Global Retirement Partners LLC grew its stake in SM Energy by 62.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,386 shares of the energy company’s stock valued at $26,000 after purchasing an additional 535 shares in the last quarter. Finally, Johnson Financial Group Inc. purchased a new stake in SM Energy during the 3rd quarter worth approximately $31,000. 94.56% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SM has been the subject of several research analyst reports. Truist Financial reduced their target price on SM Energy from $39.00 to $37.00 and set a “buy” rating for the company in a research note on Tuesday, July 7th. UBS Group started coverage on shares of SM Energy in a research note on Tuesday. They issued a “buy” rating and a $36.00 price target for the company. Weiss Ratings raised shares of SM Energy from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. KeyCorp upped their price target on shares of SM Energy from $29.00 to $39.00 and gave the company an “overweight” rating in a report on Thursday, April 2nd. Finally, Zacks Research downgraded shares of SM Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Ten analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $36.93.

Insider Transactions at SM Energy

In related news, Director Ramiro G. Peru sold 24,553 shares of the firm’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 transaction, the director directly owned 65,964 shares in the company, valued at $2,241,456.72. This trade represents a 27.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.45% of the stock is owned by company insiders.

SM Energy Stock Up 3.8%

Shares of SM Energy stock opened at $31.37 on Friday. The business has a 50-day moving average price of $30.10 and a 200 day moving average price of $26.36. SM Energy Company has a fifty-two week low of $17.45 and a fifty-two week high of $35.88. The firm has a market cap of $7.52 billion, a P/E ratio of 13.18 and a beta of 0.73. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.98.

SM Energy (NYSE:SM) last released its earnings results on Wednesday, May 6th. The energy company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.42. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.42 billion. SM Energy had a return on equity of 13.93% and a net margin of 3.45%.SM Energy’s quarterly revenue was up 75.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.76 EPS. On average, sell-side analysts forecast that SM Energy Company will post 7.13 earnings per share for the current fiscal year.

SM Energy Dividend Announcement

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

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.