Mutual of America Capital Management LLC Trims Stock Holdings in SM Energy (NYSE:SM)

Mutual of America Capital Management LLC decreased its position in SM Energy (NYSE:SM) by 9.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,209 shares of the energy company’s stock after selling 1,699 shares during the quarter. Mutual of America Capital Management LLC’s holdings in SM Energy were worth $688,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SM. Plato Investment Management Ltd grew its stake in shares of SM Energy by 461.9% in the second quarter. Plato Investment Management Ltd now owns 590 shares of the energy company’s stock worth $26,000 after acquiring an additional 485 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in SM Energy during the 3rd quarter valued at about $30,000. Massmutual Trust Co. FSB ADV grew its position in 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 purchasing an additional 340 shares during the last quarter. Mather Group LLC. bought a new stake in SM Energy during the 2nd quarter valued at about $44,000. Finally, Blue Trust Inc. raised its holdings 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 worth $44,000 after buying an additional 996 shares during the last quarter. Hedge funds and other institutional investors own 94.56% of the company’s stock.

Analysts Set New Price Targets

SM has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price on SM Energy from $50.00 to $54.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. TD Cowen raised SM Energy from a “hold” rating to a “buy” rating and decreased their target price for the stock from $64.00 to $60.00 in a research report on Tuesday, October 15th. Tudor Pickering upgraded shares of SM Energy to a “strong-buy” rating in a research note on Wednesday, August 21st. KeyCorp reduced their price target on shares of SM Energy from $65.00 to $60.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Finally, Wells Fargo & Company increased their price objective on shares of SM Energy from $43.00 to $47.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $51.09.

SM Energy Trading Down 1.1 %

Shares of SM Energy stock opened at $44.63 on Wednesday. The stock has a 50 day moving average of $42.88 and a 200 day moving average of $44.59. The company has a debt-to-equity ratio of 0.67, a quick ratio of 3.52 and a current ratio of 3.52. The firm has a market capitalization of $5.11 billion, a price-to-earnings ratio of 6.23 and a beta of 4.18. SM Energy has a fifty-two week low of $34.13 and a fifty-two week high of $53.26.

SM Energy (NYSE:SM) last released its quarterly earnings results on Thursday, October 31st. The energy company reported $1.62 EPS for the quarter, topping the consensus estimate of $1.52 by $0.10. SM Energy had a return on equity of 19.62% and a net margin of 33.89%. The business had revenue of $643.60 million during the quarter, compared to analyst estimates of $643.67 million. During the same period last year, the business posted $1.73 earnings per share. The company’s quarterly revenue was up .4% on a year-over-year basis. As a group, research analysts predict that SM Energy will post 6.77 earnings per share for the current year.

SM Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 4th. Investors of record on Friday, October 25th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.79%. This is a positive change from SM Energy’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, October 25th. SM Energy’s dividend payout ratio is presently 11.17%.

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.