Webs Creek Capital Management LP Takes Position in SM Energy Company $SM

Webs Creek Capital Management LP bought a new stake in shares of SM Energy Company (NYSE:SM) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 2,040,529 shares of the energy company’s stock, valued at approximately $53,257,807. SM Energy comprises 0.0% of Webs Creek Capital Management LP’s investment portfolio, making the stock its 2nd largest position. Webs Creek Capital Management LP owned approximately 0.86% of SM Energy as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of SM. NBC Securities Inc. lifted its position in SM Energy by 160.5% during the 4th 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 period. SBI Securities Co. Ltd. lifted its position in SM Energy by 10,461.5% in the 4th quarter. SBI Securities Co. Ltd. now owns 1,373 shares of the energy company’s stock worth $26,000 after buying an additional 1,360 shares in the last quarter. Torren Management LLC lifted its position 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 last quarter. Global Retirement Partners LLC boosted its stake in shares of SM Energy by 62.9% in 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, Kilter Group LLC acquired a new stake in SM Energy during the 2nd quarter worth $28,000. Institutional investors own 94.56% of the company’s stock.

Insider Activity at SM Energy

In other news, EVP James Barker Lebeck sold 17,500 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $37.02, for a total transaction of $647,850.00. Following the completion of the sale, the executive vice president owned 14,705 shares of the company’s stock, valued at $544,379.10. This trade represents a 54.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.45% of the company’s stock.

SM Energy Trading Down 1.2%

SM Energy stock traded down $0.44 during trading hours on Friday, reaching $36.37. The company had a trading volume of 1,567,710 shares, compared to its average volume of 5,186,881. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.62 and a quick ratio of 0.62. The firm has a market cap of $8.65 billion, a price-to-earnings ratio of 7.16 and a beta of 0.73. SM Energy Company has a 12-month low of $17.45 and a 12-month high of $38.25. The company has a 50-day moving average price of $30.83 and a 200 day moving average price of $29.32.

SM Energy (NYSE:SM) last issued its earnings results 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 analyst estimates of $2.02 billion. SM Energy had a return on equity of 17.93% and a net margin of 18.20%.SM Energy’s revenue was up 215.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.50 EPS. Equities analysts forecast that SM Energy Company will post 7.45 earnings per share for the current year.

SM Energy Dividend Announcement

The company also recently disclosed 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. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, September 4th. SM Energy’s payout ratio is currently 17.32%.

Analysts Set New Price Targets

SM has been the topic of several research reports. Wall Street Zen upgraded shares of SM Energy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 22nd. UBS Group initiated coverage on shares of SM Energy in a research note on Tuesday, July 14th. They issued a “buy” rating and a $36.00 price objective for the company. Stephens reduced 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. Wells Fargo & Company raised SM Energy from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $32.00 to $47.00 in a research report on Thursday, August 13th. Finally, Truist Financial lifted their target price on shares of SM Energy from $37.00 to $43.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. One 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.93.

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.