95,806 Shares in SM Energy Company $SM Bought by Expect Equity LLC

Expect Equity LLC bought a new stake in SM Energy Company (NYSE:SM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 95,806 shares of the energy company’s stock, valued at approximately $2,501,000. SM Energy comprises approximately 1.6% of Expect Equity LLC’s holdings, making the stock its 26th biggest holding.

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

SM Energy Stock Down 2.1%

SM Energy stock opened at $35.71 on Wednesday. SM Energy Company has a fifty-two week low of $17.45 and a fifty-two week high of $38.25. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.62 and a current ratio of 0.62. The company has a market capitalization of $8.49 billion, a P/E ratio of 7.03 and a beta of 0.73. The stock has a 50-day simple moving average of $30.49 and a 200-day simple moving average of $29.10.

SM Energy (NYSE:SM) last released its quarterly earnings results on Wednesday, August 5th. The energy company reported $2.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.23. The firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the business posted $1.50 EPS. Equities research analysts expect that SM Energy Company will post 7.36 earnings per share for the current year.

SM Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 21st. Stockholders of record on Monday, September 7th will be given a dividend of $0.22 per share. The ex-dividend date is Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.5%. SM Energy’s dividend payout ratio (DPR) is 17.32%.

Analyst Ratings Changes

SM has been the subject of several recent analyst reports. Wells Fargo & Company upgraded SM Energy from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $32.00 to $47.00 in a research note on Thursday, August 13th. Roth Capital raised shares of SM Energy from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $30.00 to $32.00 in a report on Monday, June 22nd. Siebert Williams Shank upgraded shares of SM Energy from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $30.00 to $41.00 in a research report on Thursday, May 14th. Raymond James Financial reduced their price objective on shares of SM Energy from $55.00 to $48.00 and set an “outperform” rating for the company in a research report on Tuesday, July 21st. Finally, Susquehanna upped their target price on shares of SM Energy from $31.00 to $32.00 and gave the company a “neutral” rating in a report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $37.93.

Insider Activity at SM Energy

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

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.