2,040,529 Shares in SM Energy Company $SM Acquired by Webs Creek Capital Management LP

Webs Creek Capital Management LP purchased a new position in SM Energy Company (NYSE:SM) in the second quarter, HoldingsChannel.com reports. The firm purchased 2,040,529 shares of the energy company’s stock, valued at approximately $53,257,807,000. SM Energy comprises 10.1% of Webs Creek Capital Management LP’s holdings, making the stock its 2nd biggest holding.

Several other large investors also recently bought and sold shares of the company. Royal Bank of Canada lifted its position in shares of SM Energy by 112.1% during the first quarter. Royal Bank of Canada now owns 94,115 shares of the energy company’s stock worth $2,935,000 after purchasing an additional 49,740 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in SM Energy during the 2nd quarter worth $2,243,000. Mitsubishi UFJ Trust & Banking Corp increased its stake in SM Energy by 96.1% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 114,609 shares of the energy company’s stock worth $2,143,000 after buying an additional 56,160 shares during the period. Denali Advisors LLC lifted its holdings in SM Energy by 22.2% in the 4th quarter. Denali Advisors LLC now owns 300,000 shares of the energy company’s stock worth $5,610,000 after buying an additional 54,428 shares in the last quarter. Finally, UBS Group AG lifted its holdings in SM Energy by 23.0% in the 4th quarter. UBS Group AG now owns 666,070 shares of the energy company’s stock worth $12,456,000 after buying an additional 124,448 shares in the last quarter. Institutional investors and hedge funds own 94.56% of the company’s stock.

Wall Street Analysts Forecast Growth

SM has been the subject of several recent analyst reports. Mizuho upgraded SM Energy to a “strong-buy” rating in a research note on Friday, July 31st. Susquehanna lifted their target price on SM Energy from $31.00 to $32.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 21st. Stephens cut their price target on SM Energy from $61.00 to $52.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 7th. Zacks Research downgraded SM Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Finally, Siebert Williams Shank upgraded SM Energy from a “hold” rating to a “buy” rating and raised their price objective for the company from $30.00 to $41.00 in a research note on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $37.93.

SM Energy Trading Down 1.9%

NYSE:SM opened at $36.48 on Tuesday. The company has a market cap of $8.68 billion, a PE ratio of 7.18 and a beta of 0.73. The business’s 50 day moving average is $30.34 and its two-hundred day moving average is $28.99. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.85. SM Energy Company has a 52 week low of $17.45 and a 52 week high of $38.25.

SM Energy (NYSE:SM) last announced its quarterly earnings data on Wednesday, August 5th. The energy company reported $2.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.23. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.02 billion. SM Energy had a net margin of 18.20% and a return on equity of 17.93%. The company’s revenue for the quarter was up 215.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.50 EPS. On average, analysts predict that SM Energy Company will post 7.36 EPS for the current year.

SM Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 21st. Stockholders of record on Monday, September 7th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.88 annualized dividend and a dividend yield of 2.4%. SM Energy’s dividend payout ratio is 17.32%.

Insider Activity at SM Energy

In other news, EVP James Barker Lebeck sold 17,500 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $37.02, for a total transaction of $647,850.00. Following the sale, the executive vice president directly owned 14,705 shares in the company, valued at approximately $544,379.10. This represents a 54.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.45% of the company’s stock.

About SM Energy

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.