Cwm LLC Has $114,000 Position in SM Energy (NYSE:SM)

Cwm LLC lifted its holdings in SM Energy (NYSE:SM) by 11.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,853 shares of the energy company’s stock after purchasing an additional 293 shares during the quarter. Cwm LLC’s holdings in SM Energy were worth $114,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of SM. Insight Wealth Strategies LLC lifted its position in SM Energy by 3.8% in the 3rd quarter. Insight Wealth Strategies LLC now owns 48,283 shares of the energy company’s stock valued at $1,930,000 after acquiring an additional 1,784 shares in the last quarter. Diversified Trust Co raised its stake in shares of SM Energy by 3.3% in the 3rd quarter. Diversified Trust Co now owns 18,687 shares of the energy company’s stock valued at $747,000 after purchasing an additional 593 shares during the period. GAMMA Investing LLC lifted its holdings in shares of SM Energy by 7.7% in the third quarter. GAMMA Investing LLC now owns 7,062 shares of the energy company’s stock valued at $282,000 after purchasing an additional 505 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of SM Energy by 244.1% during the third quarter. SG Americas Securities LLC now owns 13,805 shares of the energy company’s stock worth $552,000 after buying an additional 9,793 shares during the period. Finally, Stonehearth Capital Management LLC bought a new position in shares of SM Energy during the third quarter worth about $288,000. 94.56% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SM has been the topic of several research reports. StockNews.com cut SM Energy from a “buy” rating to a “hold” rating in a research note on Friday, September 13th. Royal Bank of Canada reissued a “sector perform” rating and issued a $50.00 price objective on shares of SM Energy in a research report on Tuesday, October 8th. Truist Financial reduced their target price on shares of SM Energy from $46.00 to $38.00 and set a “hold” rating for the company in a report on Monday, September 30th. Wells Fargo & Company lowered their price target on shares of SM Energy from $48.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 1st. Finally, KeyCorp reduced their price objective on shares of SM Energy from $65.00 to $60.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, SM Energy currently has an average rating of “Moderate Buy” and an average price target of $51.73.

SM Energy Stock Performance

SM opened at $43.46 on Friday. The company has a quick ratio of 1.29, a current 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 business has a 50 day moving average of $42.74 and a 200-day moving average of $45.64. The stock has a market cap of $4.97 billion, a price-to-earnings ratio of 6.25 and a beta of 4.18.

SM Energy (NYSE:SM) last released its quarterly earnings data on Wednesday, August 7th. The energy company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.28. SM Energy had a net margin of 33.18% and a return on equity of 21.01%. The firm had revenue of $634.56 million during the quarter, compared to analysts’ expectations of $616.63 million. During the same period in the previous year, the business posted $1.28 earnings per share. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. On average, equities research analysts expect that SM Energy will post 7.06 earnings per share for the current year.

SM Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 4th. Shareholders of record on Friday, October 25th will be issued a $0.20 dividend. This is a boost from SM Energy’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend is Friday, October 25th. SM Energy’s dividend payout ratio is currently 10.36%.

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.