Hexagon Capital Partners LLC Acquires 474 Shares of SM Energy (NYSE:SM)

Hexagon Capital Partners LLC boosted its holdings in shares of SM Energy (NYSE:SM) by 509.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 567 shares of the energy company’s stock after acquiring an additional 474 shares during the period. Hexagon Capital Partners LLC’s holdings in SM Energy were worth $28,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SM. CWM LLC raised its stake in shares of SM Energy by 11.3% in the 4th quarter. CWM LLC now owns 2,683 shares of the energy company’s stock valued at $104,000 after purchasing an additional 272 shares during the period. Exchange Traded Concepts LLC raised its stake in shares of SM Energy by 1.4% in the 4th quarter. Exchange Traded Concepts LLC now owns 20,125 shares of the energy company’s stock valued at $779,000 after purchasing an additional 286 shares during the period. First Horizon Advisors Inc. raised its stake in shares of SM Energy by 31.6% in the 4th quarter. First Horizon Advisors Inc. now owns 1,469 shares of the energy company’s stock valued at $57,000 after purchasing an additional 353 shares during the period. US Bancorp DE raised its stake in shares of SM Energy by 0.9% in the 4th quarter. US Bancorp DE now owns 52,651 shares of the energy company’s stock valued at $2,039,000 after purchasing an additional 493 shares during the period. Finally, Register Financial Advisors LLC acquired a new stake in shares of SM Energy in the 1st quarter valued at about $25,000. 94.56% of the stock is currently owned by institutional investors.

SM Energy Price Performance

Shares of NYSE SM opened at $44.35 on Wednesday. The business’s 50 day moving average price is $48.31 and its two-hundred day moving average price is $44.54. The company has a market cap of $5.10 billion, a PE ratio of 6.95 and a beta of 4.20. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.43. SM Energy has a twelve month low of $29.51 and a twelve month high of $53.26.

SM Energy (NYSE:SM) last announced its quarterly earnings results on Thursday, May 2nd. The energy company reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.13. The firm had revenue of $559.87 million for the quarter, compared to the consensus estimate of $568.21 million. SM Energy had a return on equity of 20.10% and a net margin of 31.80%. On average, analysts predict that SM Energy will post 6.69 EPS for the current year.

SM Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 5th. Stockholders of record on Friday, July 19th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Friday, July 19th. SM Energy’s dividend payout ratio is presently 11.29%.

Analyst Ratings Changes

Several research firms have issued reports on SM. Susquehanna lifted their price target on SM Energy from $42.00 to $51.00 and gave the company a “neutral” rating in a research note on Monday, April 22nd. Stephens reaffirmed an “overweight” rating and issued a $63.00 target price on shares of SM Energy in a research report on Thursday, June 27th. Truist Financial lowered their target price on SM Energy from $51.00 to $49.00 and set a “hold” rating on the stock in a research report on Monday. JPMorgan Chase & Co. lifted their target price on SM Energy from $49.00 to $54.00 and gave the company an “overweight” rating in a research report on Tuesday, April 9th. Finally, Royal Bank of Canada lifted their target price on SM Energy from $50.00 to $54.00 and gave the company a “sector perform” rating in a research report on Friday, May 10th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, SM Energy presently has an average rating of “Moderate Buy” and an average target price of $54.89.

Insider Transactions at SM Energy

In other news, SVP Kenneth J. Knott sold 16,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $50.28, for a total transaction of $804,480.00. Following the completion of the sale, the senior vice president now owns 114,495 shares in the company, valued at $5,756,808.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.50% of the company’s stock.

SM Energy Profile

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, gas, and natural gas liquids in the state of Texas. It has working interests in oil and gas producing wells in the Midland Basin and South Texas. The company was formerly known as St.