SG Americas Securities LLC Decreases Stake in SM Energy (NYSE:SM)

SG Americas Securities LLC lessened its stake in shares of SM Energy (NYSE:SM) by 42.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,972 shares of the energy company’s stock after selling 5,833 shares during the quarter. SG Americas Securities LLC’s holdings in SM Energy were worth $309,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC increased its holdings in SM Energy by 47.3% during the 3rd quarter. Barclays PLC now owns 250,218 shares of the energy company’s stock valued at $10,002,000 after purchasing an additional 80,343 shares during the period. National Bank of Canada FI bought a new stake in shares of SM Energy in the 3rd quarter worth approximately $259,000. Los Angeles Capital Management LLC increased its stake in shares of SM Energy by 79.2% during the third quarter. Los Angeles Capital Management LLC now owns 65,421 shares of the energy company’s stock valued at $2,615,000 after buying an additional 28,920 shares during the period. World Investment Advisors LLC bought a new position in shares of SM Energy during the third quarter valued at approximately $3,048,000. Finally, Janney Montgomery Scott LLC lifted its stake in SM Energy by 144.6% in the third quarter. Janney Montgomery Scott LLC now owns 22,357 shares of the energy company’s stock worth $894,000 after acquiring an additional 13,215 shares during the period. Hedge funds and other institutional investors own 94.56% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on SM. KeyCorp reduced their price objective on shares of SM Energy from $65.00 to $60.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Wells Fargo & Company reduced their price target on shares of SM Energy from $47.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 17th. TD Cowen raised shares of SM Energy from a “hold” rating to a “buy” rating and decreased their price target for the stock from $64.00 to $60.00 in a research note on Tuesday, October 15th. Susquehanna cut their price objective on SM Energy from $48.00 to $46.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Finally, Truist Financial upped their target price on SM Energy from $42.00 to $45.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Seven investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, SM Energy presently has an average rating of “Moderate Buy” and an average target price of $51.90.

SM Energy Stock Performance

SM Energy stock opened at $38.23 on Wednesday. SM Energy has a twelve month low of $34.90 and a twelve month high of $53.26. The company has a quick ratio of 3.52, a current ratio of 3.52 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $4.37 billion, a P/E ratio of 5.34 and a beta of 4.11. The stock’s 50 day moving average is $40.73 and its 200 day moving average is $42.30.

SM Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 24th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.09%. SM Energy’s dividend payout ratio is currently 11.17%.

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.