SM Energy (NYSE:SM) Shares Purchased by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV grew its holdings in shares of SM Energy (NYSE:SM) by 1.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 57,320 shares of the energy company’s stock after acquiring an additional 613 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in SM Energy were worth $2,478,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Lindbrook Capital LLC raised its position in SM Energy by 54.9% in the first quarter. Lindbrook Capital LLC now owns 581 shares of the energy company’s stock worth $29,000 after acquiring an additional 206 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in SM Energy by 2.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 11,045 shares of the energy company’s stock worth $477,000 after buying an additional 300 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of SM Energy by 66.8% in the first quarter. UMB Bank n.a. now owns 829 shares of the energy company’s stock valued at $41,000 after buying an additional 332 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its position in shares of SM Energy by 63.9% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 872 shares of the energy company’s stock valued at $38,000 after acquiring an additional 340 shares during the last quarter. Finally, Arizona State Retirement System boosted its stake in shares of SM Energy by 1.4% during the 2nd quarter. Arizona State Retirement System now owns 32,403 shares of the energy company’s stock worth $1,401,000 after acquiring an additional 437 shares in the last quarter. Institutional investors own 94.56% of the company’s stock.

SM Energy Trading Up 1.4 %

Shares of NYSE SM opened at $42.10 on Tuesday. The business has a 50 day simple moving average of $43.52 and a 200 day simple moving average of $46.61. SM Energy has a 52 week low of $34.13 and a 52 week high of $53.26. The stock has a market cap of $4.84 billion, a price-to-earnings ratio of 6.60 and a beta of 4.18. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29.

SM Energy (NYSE:SM) last issued its quarterly earnings data on Wednesday, August 7th. The energy company reported $1.85 earnings per share (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 prior year, the company posted $1.28 earnings per share. SM Energy’s revenue for the quarter was up 15.2% on a year-over-year basis. On average, research analysts predict that SM Energy will post 7.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Stephens reaffirmed an “overweight” rating and set a $63.00 target price on shares of SM Energy in a research report on Thursday, June 27th. Tudor Pickering upgraded shares of SM Energy to a “strong-buy” rating in a report on Wednesday, August 21st. Mizuho lowered their price objective on shares of SM Energy from $62.00 to $57.00 and set an “outperform” rating on the stock in a research report on Monday, September 16th. Truist Financial cut their target price on shares of SM Energy from $49.00 to $46.00 and set a “hold” rating on the stock in a research note on Monday, July 22nd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $54.00 target price on shares of SM Energy in a research report on Tuesday, July 9th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $53.22.

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.