SM Energy Company $SM Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its holdings in SM Energy Company (NYSE:SM) by 79.5% during the first quarter, Holdings Channel.com reports. The firm owned 9,995,353 shares of the energy company’s stock after purchasing an additional 4,426,751 shares during the period. Dimensional Fund Advisors LP’s holdings in SM Energy were worth $311,678,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Torren Management LLC grew its holdings in shares of SM Energy by 4,561.1% during the 1st quarter. Torren Management LLC now owns 839 shares of the energy company’s stock worth $26,000 after purchasing an additional 821 shares during the period. Center for Financial Planning Inc. purchased a new stake in SM Energy in the 1st quarter valued at about $31,000. Valued Wealth Advisors LLC purchased a new stake in SM Energy in the 1st quarter valued at about $33,000. Assetmark Inc. acquired a new position in SM Energy in the first quarter valued at about $35,000. Finally, Johnson Financial Group Inc. acquired a new position in SM Energy in the third quarter valued at about $31,000. Institutional investors and hedge funds own 94.56% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SM shares. Wall Street Zen raised shares of SM Energy from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Truist Financial decreased their price objective on shares of SM Energy from $39.00 to $37.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. Stephens lowered their price objective on shares of SM Energy from $61.00 to $52.00 and set an “overweight” rating for the company in a research report on Tuesday, July 7th. Mizuho dropped their target price on shares of SM Energy from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Tuesday, July 7th. Finally, Wells Fargo & Company boosted their target price on SM Energy from $29.00 to $32.00 and gave the company an “equal weight” rating in a research report on Monday, May 18th. Ten equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, SM Energy has an average rating of “Moderate Buy” and a consensus target price of $36.53.

SM Energy Stock Performance

Shares of SM Energy stock opened at $33.20 on Thursday. The business has a 50-day moving average of $30.17 and a 200 day moving average of $26.70. SM Energy Company has a 12 month low of $17.45 and a 12 month high of $35.88. The stock has a market capitalization of $7.96 billion, a price-to-earnings ratio of 13.95 and a beta of 0.73. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.39 and a quick ratio of 0.39.

SM Energy (NYSE:SM) last issued its quarterly earnings results on Wednesday, May 6th. The energy company reported $1.55 earnings per share (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 analyst estimates of $1.42 billion. SM Energy had a net margin of 3.45% and a return on equity of 13.93%. The business’s revenue for the quarter was up 75.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.76 earnings per share. As a group, sell-side analysts forecast that SM Energy Company will post 7.28 earnings per share for the current year.

SM Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Monday, June 8th were issued a $0.22 dividend. The ex-dividend date was Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.7%. SM Energy’s payout ratio is 36.97%.

Insider Buying and Selling at SM Energy

In related news, Director Ramiro G. Peru sold 24,553 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $33.98, for a total transaction of $834,310.94. Following the sale, the director directly owned 65,964 shares of the company’s stock, valued at $2,241,456.72. This represents a 27.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.45% of the company’s stock.

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.