SM Energy (NYSE:SM) Shares Sold by Atria Investments Inc

Atria Investments Inc lowered its position in SM Energy (NYSE:SM) by 40.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,569 shares of the energy company’s stock after selling 9,347 shares during the quarter. Atria Investments Inc’s holdings in SM Energy were worth $526,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Millburn Ridgefield Corp acquired a new position in shares of SM Energy during the third quarter worth about $55,000. R Squared Ltd acquired a new position in shares of SM Energy during the fourth quarter worth about $61,000. Legacy Investment Solutions LLC acquired a new position in shares of SM Energy during the third quarter worth about $83,000. Global Retirement Partners LLC lifted its stake in shares of SM Energy by 51.0% during the fourth quarter. Global Retirement Partners LLC now owns 2,179 shares of the energy company’s stock worth $84,000 after purchasing an additional 736 shares in the last quarter. Finally, KBC Group NV increased its position in shares of SM Energy by 16.7% during the third quarter. KBC Group NV now owns 3,321 shares of the energy company’s stock worth $133,000 after acquiring an additional 476 shares during the last quarter. Institutional investors and hedge funds own 94.56% of the company’s stock.

Insider Buying and Selling at SM Energy

In other news, Director Barton R. Brookman, Jr. bought 7,000 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were bought at an average cost of $32.36 per share, with a total value of $226,520.00. Following the purchase, the director now directly owns 14,666 shares in the company, valued at $474,591.76. This trade represents a 91.31 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.50% of the stock is owned by corporate insiders.

SM Energy Stock Performance

SM opened at $29.95 on Friday. The company has a market capitalization of $3.43 billion, a price-to-earnings ratio of 4.48 and a beta of 4.14. 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 $26.66 and a 1-year high of $53.26. The business has a 50 day moving average price of $37.19 and a two-hundred day moving average price of $40.27.

SM Energy (NYSE:SM) last released its earnings results on Wednesday, February 19th. The energy company reported $1.91 earnings per share for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.09). The firm had revenue of $852.22 million during 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%. Research analysts predict that SM Energy will post 8.1 EPS for the current fiscal year.

SM Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 24th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a $0.80 annualized dividend and a dividend yield of 2.67%. SM Energy’s dividend payout ratio is currently 11.98%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SM shares. Stephens reaffirmed an “overweight” rating and set a $57.00 target price on shares of SM Energy in a research report on Thursday, January 2nd. Williams Trading set a $41.00 price objective on SM Energy in a report on Wednesday, March 5th. Truist Financial boosted their price objective on SM Energy from $42.00 to $45.00 and gave the company a “hold” rating in a report on Monday, January 13th. Raymond James lowered their price objective on SM Energy from $59.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, March 10th. Finally, Wells Fargo & Company decreased their target price on SM Energy from $47.00 to $45.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 17th. Seven analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $49.00.

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.