Vise Technologies Inc. Invests $979,000 in SM Energy Company $SM

Vise Technologies Inc. bought a new stake in SM Energy Company (NYSE:SM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 37,515 shares of the energy company’s stock, valued at approximately $979,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Royal Bank of Canada raised its holdings in shares of SM Energy by 27.7% in the first quarter. Royal Bank of Canada now owns 91,916 shares of the energy company’s stock valued at $2,753,000 after buying an additional 19,965 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of SM Energy by 43.9% during the first quarter. AQR Capital Management LLC now owns 145,922 shares of the energy company’s stock worth $4,370,000 after buying an additional 44,542 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in SM Energy by 4.6% in the 1st 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 position in SM Energy by 44.9% in the 1st quarter. NewEdge Advisors LLC now owns 3,248 shares of the energy company’s stock valued at $97,000 after acquiring an additional 1,007 shares during the period. Finally, United Services Automobile Association purchased a new stake in SM Energy during the 1st quarter valued at approximately $222,000. Hedge funds and other institutional investors own 94.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on SM shares. Siebert Williams Shank raised SM Energy from a “hold” rating to a “buy” rating and increased their price objective for the stock from $30.00 to $41.00 in a research report on Thursday, May 14th. Wall Street Zen raised SM Energy from a “buy” rating to a “strong-buy” rating in a report on Saturday. Mizuho upgraded SM Energy to a “strong-buy” rating in a research note on Friday, July 31st. Truist Financial increased their price target on SM Energy from $37.00 to $43.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Finally, Susquehanna lifted their price objective on shares of SM Energy from $31.00 to $32.00 and gave the company a “neutral” rating in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $37.93.

SM Energy Trading Down 0.8%

NYSE SM opened at $37.34 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $8.88 billion, a P/E ratio of 7.35 and a beta of 0.73. SM Energy Company has a 52-week low of $17.45 and a 52-week high of $38.25. The firm has a 50-day moving average price of $30.18 and a 200 day moving average price of $28.80.

SM Energy (NYSE:SM) last released its earnings results on Wednesday, August 5th. The energy company reported $2.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.23. The company had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.02 billion. SM Energy had a return on equity of 17.93% and a net margin of 18.20%.The firm’s quarterly revenue was up 215.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.50 EPS. Equities research analysts expect that SM Energy Company will post 7.36 EPS for the current year.

SM Energy Company 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.