MetLife Investment Advisors LLC bought a new position in SM Energy Co (NYSE:SM) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 64,975 shares of the energy company’s stock, valued at approximately $1,435,000. MetLife Investment Advisors LLC owned about 0.06% of SM Energy at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of SM. New York State Common Retirement Fund grew its stake in shares of SM Energy by 9.6% in the third quarter. New York State Common Retirement Fund now owns 1,255,218 shares of the energy company’s stock worth $22,268,000 after purchasing an additional 109,660 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of SM Energy by 1.1% in the third quarter. Ameriprise Financial Inc. now owns 978,473 shares of the energy company’s stock worth $17,358,000 after purchasing an additional 10,578 shares during the last quarter. Legal & General Group Plc grew its stake in shares of SM Energy by 2.0% in the third quarter. Legal & General Group Plc now owns 173,828 shares of the energy company’s stock worth $3,086,000 after purchasing an additional 3,431 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of SM Energy by 10.5% in the third quarter. Wells Fargo & Company MN now owns 420,751 shares of the energy company’s stock worth $7,464,000 after purchasing an additional 40,092 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of SM Energy by 37.4% in the third quarter. Schwab Charles Investment Management Inc. now owns 408,224 shares of the energy company’s stock worth $7,242,000 after purchasing an additional 111,132 shares during the last quarter. 97.36% of the stock is currently owned by institutional investors.
Several analysts recently issued reports on the company. KeyCorp set a $32.00 target price on SM Energy and gave the stock a “buy” rating in a research note on Sunday, January 21st. Robert W. Baird raised their target price on SM Energy from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Monday, December 18th. Williams Capital set a $40.00 target price on SM Energy and gave the stock a “buy” rating in a research note on Thursday, February 22nd. ValuEngine cut SM Energy from a “sell” rating to a “strong sell” rating in a research note on Tuesday, February 13th. Finally, Deutsche Bank assumed coverage on SM Energy in a research note on Thursday, February 1st. They issued a “buy” rating and a $32.00 target price on the stock. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. SM Energy presently has an average rating of “Buy” and a consensus price target of $27.87.
SM Energy (NYSE:SM) last posted its quarterly earnings data on Wednesday, February 21st. The energy company reported ($0.08) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.07. The business had revenue of $340.53 million for the quarter, compared to analysts’ expectations of $330.83 million. SM Energy had a negative return on equity of 2.09% and a negative net margin of 12.43%. The business’s revenue was down 10.4% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.31) EPS. analysts forecast that SM Energy Co will post 0.16 earnings per share for the current year.
The firm also recently announced a Semi-Annual dividend, which will be paid on Wednesday, May 9th. Stockholders of record on Friday, April 27th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, April 26th. This represents a dividend yield of 0.61%. SM Energy’s payout ratio is -12.20%.
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About SM Energy
SM Energy Company is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of crude oil and condensate, natural gas and natural gas liquids in onshore North America. It operates in the exploration and production segment of the oil and gas industry within the United States.
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