SM Energy (NYSE:SM) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lessened its holdings in shares of SM Energy (NYSE:SM) by 13.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,111 shares of the energy company’s stock after selling 3,403 shares during the quarter. Corient Private Wealth LLC’s holdings in SM Energy were worth $857,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of SM. State Street Corp raised its stake in shares of SM Energy by 1.9% in the 3rd quarter. State Street Corp now owns 6,287,815 shares of the energy company’s stock valued at $251,324,000 after purchasing an additional 114,664 shares in the last quarter. Geode Capital Management LLC increased its holdings in SM Energy by 1.1% in the third quarter. Geode Capital Management LLC now owns 2,693,372 shares of the energy company’s stock valued at $107,675,000 after buying an additional 29,911 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in SM Energy by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,255,841 shares of the energy company’s stock valued at $48,676,000 after buying an additional 32,803 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in SM Energy by 2.1% during the 4th quarter. Bank of New York Mellon Corp now owns 1,234,890 shares of the energy company’s stock worth $47,864,000 after buying an additional 25,857 shares during the last quarter. Finally, Channing Capital Management LLC lifted its holdings in SM Energy by 6.3% during the 4th quarter. Channing Capital Management LLC now owns 1,167,033 shares of the energy company’s stock worth $45,234,000 after buying an additional 68,774 shares during the last quarter. 94.56% of the stock is currently owned by hedge funds and other institutional investors.

SM Energy Stock Down 1.8 %

SM opened at $30.23 on Friday. 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 12 month low of $26.66 and a 12 month high of $53.26. The stock’s 50 day moving average price is $34.96 and its 200 day moving average price is $39.47. The stock has a market cap of $3.46 billion, a P/E ratio of 4.52 and a beta of 4.14.

SM Energy (NYSE:SM) last posted its quarterly earnings data on Wednesday, February 19th. The energy company reported $1.91 earnings per share for the quarter, missing the consensus estimate of $2.00 by ($0.09). SM Energy had a return on equity of 19.82% and a net margin of 28.63%. The company had revenue of $852.22 million during the quarter, compared to analyst estimates of $849.44 million. As a group, research analysts predict that SM Energy will post 8.1 earnings per share for the current year.

SM Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Friday, April 18th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.65%. SM Energy’s payout ratio is 11.98%.

Insiders Place Their Bets

In other SM Energy news, Director Barton R. Brookman, Jr. purchased 7,000 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was bought at an average cost of $32.36 per share, with a total value of $226,520.00. Following the acquisition, the director now owns 14,666 shares of the company’s stock, valued at $474,591.76. The trade was a 91.31 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SM. Stephens reissued an “overweight” rating and set a $57.00 price target on shares of SM Energy in a research report on Thursday, January 2nd. Truist Financial increased their target price on shares of SM Energy from $42.00 to $45.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Raymond James lowered their price objective on shares of SM Energy from $59.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, March 10th. JPMorgan Chase & Co. cut their target price on shares of SM Energy from $54.00 to $41.00 and set a “neutral” rating on the stock in a report on Thursday, March 13th. Finally, Williams Trading set a $41.00 target price on SM Energy in a research note on Wednesday, March 5th. Seven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $48.00.

About SM Energy

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.