Yousif Capital Management LLC Decreases Stock Position in SM Energy (NYSE:SM)

Yousif Capital Management LLC trimmed its position in shares of SM Energy (NYSE:SM) by 1.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,166 shares of the energy company’s stock after selling 470 shares during the quarter. Yousif Capital Management LLC’s holdings in SM Energy were worth $1,751,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of SM. CWM LLC boosted its stake in shares of SM Energy by 11.4% during the 3rd quarter. CWM LLC now owns 2,853 shares of the energy company’s stock worth $114,000 after purchasing an additional 293 shares during the period. Sequoia Financial Advisors LLC boosted its position in shares of SM Energy by 7.0% during the third quarter. Sequoia Financial Advisors LLC now owns 5,843 shares of the energy company’s stock valued at $234,000 after buying an additional 380 shares during the period. KBC Group NV grew its stake 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 valued at $133,000 after buying an additional 476 shares during the last quarter. QRG Capital Management Inc. raised its holdings in shares of SM Energy by 9.6% in the third quarter. QRG Capital Management Inc. now owns 6,746 shares of the energy company’s stock worth $270,000 after buying an additional 590 shares during the period. Finally, Heritage Family Offices LLP raised its holdings in shares of SM Energy by 13.2% in the fourth quarter. Heritage Family Offices LLP now owns 6,237 shares of the energy company’s stock worth $242,000 after buying an additional 726 shares during the period. Institutional investors own 94.56% of the company’s stock.

Wall Street Analysts Forecast Growth

SM has been the topic of several research analyst reports. Stephens reaffirmed an “overweight” rating and issued a $57.00 price objective on shares of SM Energy in a research report on Thursday, January 2nd. Susquehanna cut their price target on shares of SM Energy from $48.00 to $46.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. TD Cowen upgraded shares of SM Energy from a “hold” rating to a “buy” rating and decreased their price objective for the company from $64.00 to $60.00 in a report on Tuesday, October 15th. Mizuho dropped their target price on shares of SM Energy from $57.00 to $55.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $53.00 target price (up from $51.00) on shares of SM Energy in a research report on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $51.90.

SM Energy Trading Up 3.0 %

Shares of NYSE:SM opened at $40.59 on Wednesday. The company has a market capitalization of $4.64 billion, a PE ratio of 5.67 and a beta of 4.11. The company has a current ratio of 3.52, a quick ratio of 3.52 and a debt-to-equity ratio of 0.67. SM Energy has a 12-month low of $36.13 and a 12-month high of $53.26. The business’s fifty day simple moving average is $40.11 and its 200-day simple moving average is $42.06.

SM Energy Announces Dividend

The company also recently announced 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 was Friday, January 24th. This represents a $0.80 dividend on an annualized basis and a yield of 1.97%. SM Energy’s dividend payout ratio is presently 11.17%.

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.