First Eagle Investment Management LLC Has $7.83 Million Holdings in SM Energy (NYSE:SM)

First Eagle Investment Management LLC grew its holdings in shares of SM Energy (NYSE:SM) by 22.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 181,003 shares of the energy company’s stock after buying an additional 33,300 shares during the period. First Eagle Investment Management LLC owned approximately 0.16% of SM Energy worth $7,825,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Register Financial Advisors LLC bought a new position in SM Energy during the first quarter worth $25,000. Plato Investment Management Ltd boosted its position in shares of SM Energy by 461.9% during the 2nd quarter. Plato Investment Management Ltd now owns 590 shares of the energy company’s stock worth $26,000 after purchasing an additional 485 shares in the last quarter. Hexagon Capital Partners LLC boosted its position in shares of SM Energy by 509.7% during the 1st quarter. Hexagon Capital Partners LLC now owns 567 shares of the energy company’s stock worth $28,000 after purchasing an additional 474 shares in the last quarter. Lindbrook Capital LLC grew its stake in shares of SM Energy by 54.9% in the 1st quarter. Lindbrook Capital LLC now owns 581 shares of the energy company’s stock valued at $29,000 after buying an additional 206 shares during the period. Finally, Massmutual Trust Co. FSB ADV increased its position in SM Energy by 63.9% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 872 shares of the energy company’s stock valued at $38,000 after buying an additional 340 shares in the last quarter. Institutional investors and hedge funds own 94.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SM. Stephens reissued an “overweight” rating and issued a $63.00 price objective on shares of SM Energy in a research note on Thursday, June 27th. JPMorgan Chase & Co. reduced their price target on shares of SM Energy from $55.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, September 12th. Tudor, Pickering, Holt & Co. upgraded shares of SM Energy from a “hold” rating to a “buy” rating in a report on Wednesday, August 21st. Truist Financial dropped their price objective on shares of SM Energy from $49.00 to $46.00 and set a “hold” rating on the stock in a research note on Monday, July 22nd. Finally, Tudor Pickering upgraded shares of SM Energy to a “strong-buy” rating in a report on Wednesday, August 21st. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $53.22.

SM Energy Stock Performance

Shares of SM opened at $41.49 on Friday. The stock has a 50 day moving average of $43.74 and a 200 day moving average of $46.64. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. SM Energy has a 12 month low of $34.13 and a 12 month high of $53.26. The company has a market capitalization of $4.77 billion, a price-to-earnings ratio of 6.50 and a beta of 4.19.

SM Energy (NYSE:SM) last announced its earnings results on Wednesday, August 7th. The energy company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.28. The firm had revenue of $634.56 million during the quarter, compared to analyst estimates of $616.63 million. SM Energy had a return on equity of 21.01% and a net margin of 33.18%. The business’s revenue was up 15.2% compared to the same quarter last year. During the same period last year, the firm posted $1.28 EPS. As a group, sell-side analysts forecast that SM Energy will post 7.57 earnings per share for the current year.

SM Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 5th. Shareholders of record on Friday, July 19th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date was Friday, July 19th. SM Energy’s payout ratio is 11.29%.

SM Energy Company 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.