State of New Jersey Common Pension Fund D Has $1.85 Million Stock Position in SM Energy (NYSE:SM)

State of New Jersey Common Pension Fund D boosted its position in shares of SM Energy (NYSE:SM) by 13.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 47,828 shares of the energy company’s stock after purchasing an additional 5,579 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in SM Energy were worth $1,854,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in SM. Harbor Capital Advisors Inc. bought a new position in shares of SM Energy in the 3rd quarter worth $30,000. Blue Trust Inc. lifted its stake in SM Energy by 3,434.5% in the third quarter. Blue Trust Inc. now owns 1,025 shares of the energy company’s stock valued at $44,000 after buying an additional 996 shares during the period. Millburn Ridgefield Corp bought a new position in SM Energy during the third quarter worth about $55,000. International Assets Investment Management LLC grew 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 buying an additional 1,403 shares during the period. 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 currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on SM. JPMorgan Chase & Co. reissued a “neutral” rating and set a $53.00 price objective (up previously from $51.00) on shares of SM Energy in a research note on Wednesday, December 4th. Stephens reissued an “overweight” rating and set a $57.00 price target on shares of SM Energy in a research report on Thursday, January 2nd. Wells Fargo & Company decreased their price target on shares of SM Energy from $47.00 to $45.00 and set an “equal weight” rating for the company in a report on Tuesday, December 17th. StockNews.com upgraded SM Energy from a “hold” rating to a “buy” rating in a report on Thursday, February 20th. Finally, Truist Financial increased their price target on SM Energy from $42.00 to $45.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $51.90.

SM Energy Stock Down 2.3 %

Shares of SM Energy stock opened at $33.06 on Wednesday. The firm has a market cap of $3.78 billion, a PE ratio of 4.95 and a beta of 4.11. The business’s 50 day simple moving average is $39.41 and its 200 day simple moving average is $41.68. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.52 and a current ratio of 0.55. SM Energy has a 52-week low of $32.96 and a 52-week high of $53.26.

SM Energy (NYSE:SM) last posted its quarterly earnings data 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). SM Energy had a net margin of 28.63% and a return on equity of 19.82%. The business had revenue of $852.22 million during the quarter, compared to analyst estimates of $849.44 million. On average, analysts predict that SM Energy will post 8.1 earnings per share for the current fiscal year.

SM Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Shareholders 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 annualized dividend and a yield of 2.42%. SM Energy’s dividend payout ratio (DPR) is presently 11.98%.

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.