Ashburton Jersey Ltd boosted its position in SM Energy (NYSE:SM) by 21.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 99,000 shares of the energy company’s stock after acquiring an additional 17,700 shares during the period. SM Energy accounts for approximately 0.9% of Ashburton Jersey Ltd’s portfolio, making the stock its 22nd largest holding. Ashburton Jersey Ltd owned approximately 0.09% of SM Energy worth $2,186,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in SM. Aperio Group LLC raised its stake in SM Energy by 20.9% in the 3rd quarter. Aperio Group LLC now owns 42,464 shares of the energy company’s stock valued at $753,000 after acquiring an additional 7,347 shares during the period. Prudential Financial Inc. raised its stake in SM Energy by 204.0% in the 3rd quarter. Prudential Financial Inc. now owns 190,275 shares of the energy company’s stock valued at $3,375,000 after acquiring an additional 127,690 shares during the period. Principal Financial Group Inc. raised its stake in SM Energy by 1.0% in the 3rd quarter. Principal Financial Group Inc. now owns 422,020 shares of the energy company’s stock valued at $7,487,000 after acquiring an additional 4,383 shares during the period. Retirement Systems of Alabama raised its stake in SM Energy by 4.6% in the 3rd quarter. Retirement Systems of Alabama now owns 132,071 shares of the energy company’s stock valued at $2,343,000 after acquiring an additional 5,853 shares during the period. Finally, New York State Common Retirement Fund raised its stake in SM Energy by 9.6% in the 3rd quarter. New York State Common Retirement Fund now owns 1,255,218 shares of the energy company’s stock valued at $22,268,000 after acquiring an additional 109,660 shares during the period. Institutional investors and hedge funds own 97.36% of the company’s stock.
Several brokerages have recently weighed in on SM. Williams Capital set a $38.00 price target on SM Energy and gave the company a “buy” rating in a research report on Wednesday, April 4th. Susquehanna Bancshares upgraded SM Energy from a “neutral” rating to a “positive” rating in a research report on Tuesday, February 20th. Bank of America decreased their price target on SM Energy from $31.00 to $25.00 and set a “neutral” rating on the stock in a research report on Thursday, March 8th. B. Riley decreased their price target on SM Energy from $36.00 to $28.00 and set a “buy” rating on the stock in a research report on Friday, February 23rd. Finally, KeyCorp reiterated an “overweight” rating and set a $31.00 price target (up from $26.00) on shares of SM Energy in a research report on Wednesday, January 10th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. SM Energy has an average rating of “Buy” and an average price target of $27.87.
Shares of NYSE SM traded up $0.29 during midday trading on Thursday, hitting $20.30. 3,624,057 shares of the company’s stock were exchanged, compared to its average volume of 3,603,178. SM Energy has a 12-month low of $12.29 and a 12-month high of $28.20. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $2,154.44, a price-to-earnings ratio of -24.60, a PEG ratio of 15.96 and a beta of 2.98.
SM Energy (NYSE:SM) last issued its quarterly earnings data on Wednesday, February 21st. The energy company reported ($0.08) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.07. SM Energy had a negative return on equity of 2.09% and a negative net margin of 12.43%. The company had revenue of $340.53 million during the quarter, compared to analyst estimates of $330.83 million. During the same quarter in the previous year, the firm earned ($0.31) earnings per share. SM Energy’s revenue was down 10.4% on a year-over-year basis. analysts predict that SM Energy will post 0.12 earnings per share for the current year.
The firm also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, May 9th. Stockholders of record on Friday, April 27th will be issued a dividend of $0.05 per share. This represents a dividend yield of 0.61%. The ex-dividend date is Thursday, April 26th. SM Energy’s payout ratio is -12.20%.
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SM Energy Company Profile
SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids in onshore North America. It primarily has operations in the South Texas and Gulf Coast, Rocky Mountain, and Permian regions.
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