Rhumbline Advisers Boosts Stake in SM Energy (NYSE:SM)

Rhumbline Advisers lifted its position in shares of SM Energy (NYSE:SM) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 393,864 shares of the energy company’s stock after acquiring an additional 7,887 shares during the quarter. Rhumbline Advisers owned 0.34% of SM Energy worth $15,266,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Harbor Capital Advisors Inc. acquired a new position in shares of SM Energy during the 3rd quarter worth about $30,000. Blue Trust Inc. raised its position in shares of SM Energy by 3,434.5% during the 3rd quarter. Blue Trust Inc. now owns 1,025 shares of the energy company’s stock worth $44,000 after purchasing an additional 996 shares during the last quarter. Millburn Ridgefield Corp acquired a new position in shares of SM Energy during the 3rd quarter worth about $55,000. International Assets Investment Management LLC raised its position in shares of SM Energy by 3,897.2% during the 3rd quarter. International Assets Investment Management LLC now owns 1,439 shares of the energy company’s stock worth $58,000 after purchasing an additional 1,403 shares during the last quarter. Finally, R Squared Ltd acquired a new position in shares of SM Energy during the 4th quarter worth about $61,000. 94.56% of the stock is owned by hedge funds and other institutional investors.

SM Energy Stock Down 7.4 %

Shares of NYSE SM opened at $34.37 on Friday. The company has a 50 day simple moving average of $39.64 and a 200-day simple moving average of $41.79. The company has a market capitalization of $3.93 billion, a P/E ratio of 5.15 and a beta of 4.11. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.55 and a quick ratio of 3.52. SM Energy has a 1 year low of $34.06 and a 1 year high of $53.26.

SM Energy (NYSE:SM) last announced its quarterly earnings results on Wednesday, February 19th. The energy company reported $1.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.09). The firm had revenue of $852.22 million for the quarter, compared to analyst estimates of $849.44 million. SM Energy had a return on equity of 19.82% and a net margin of 28.63%. On average, equities research analysts predict that SM Energy will post 8.1 earnings per share for the current year.

SM Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 24th were given a dividend of $0.20 per share. The ex-dividend date was Friday, January 24th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.33%. SM Energy’s payout ratio is currently 11.98%.

Analysts Set New Price Targets

SM has been the subject of several research analyst reports. Mizuho reduced their price target on shares of SM Energy from $57.00 to $55.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. StockNews.com upgraded shares of SM Energy from a “hold” rating to a “buy” rating in a report on Thursday. Truist Financial increased their price objective on shares of SM Energy from $42.00 to $45.00 and gave the company a “hold” rating in a report on Monday, January 13th. Stephens reiterated an “overweight” rating and issued a $57.00 price objective on shares of SM Energy in a report on Thursday, January 2nd. Finally, Susquehanna cut their price objective on shares of SM Energy from $48.00 to $46.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $51.90.

About SM Energy

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.