Meeder Asset Management Inc. raised its stake in shares of SM Energy Co (NYSE:SM) by 4,634.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,690 shares of the energy company’s stock after buying an additional 44,725 shares during the period. Meeder Asset Management Inc.’s holdings in SM Energy were worth $799,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in SM. LPL Financial LLC purchased a new stake in shares of SM Energy during the third quarter valued at $232,000. The Manufacturers Life Insurance Company grew its holdings in shares of SM Energy by 4.4% during the third quarter. The Manufacturers Life Insurance Company now owns 170,842 shares of the energy company’s stock valued at $5,387,000 after buying an additional 7,224 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of SM Energy by 12.3% during the third quarter. Pacer Advisors Inc. now owns 36,504 shares of the energy company’s stock valued at $1,151,000 after buying an additional 4,004 shares during the last quarter. Man Group plc purchased a new stake in shares of SM Energy during the third quarter valued at $1,138,000. Finally, AQR Capital Management LLC grew its holdings in shares of SM Energy by 597.7% during the third quarter. AQR Capital Management LLC now owns 901,963 shares of the energy company’s stock valued at $28,439,000 after buying an additional 772,689 shares during the last quarter.

NYSE:SM opened at $17.53 on Friday. SM Energy Co has a one year low of $13.15 and a one year high of $33.76. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 584.33 and a beta of 3.12.

SM Energy (NYSE:SM) last posted its quarterly earnings results on Wednesday, February 20th. The energy company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.07). SM Energy had a net margin of 24.60% and a return on equity of 0.15%. The business had revenue of $394.20 million during the quarter, compared to analysts’ expectations of $373.95 million. During the same period in the previous year, the company posted ($0.08) earnings per share. SM Energy’s revenue for the quarter was up 15.8% compared to the same quarter last year. Sell-side analysts anticipate that SM Energy Co will post -0.12 earnings per share for the current year.

The company also recently announced a semiannual dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Friday, April 26th will be paid a dividend of $0.05 per share. This represents a dividend yield of 0.58%. The ex-dividend date is Thursday, April 25th. SM Energy’s payout ratio is currently 333.33%.

SM has been the topic of a number of research analyst reports. ValuEngine raised shares of SM Energy from a “sell” rating to a “hold” rating in a report on Friday, March 29th. Zacks Investment Research lowered shares of SM Energy from a “hold” rating to a “strong sell” rating in a report on Monday, December 31st. Macquarie lowered shares of SM Energy from an “outperform” rating to a “neutral” rating and set a $16.00 price target on the stock. in a report on Friday, February 22nd. Barclays initiated coverage on shares of SM Energy in a report on Wednesday, January 16th. They issued an “overweight” rating and a $27.00 price target on the stock. Finally, MKM Partners lowered their price target on shares of SM Energy to $22.00 and set a “buy” rating on the stock in a report on Friday, February 22nd. Eleven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $29.00.

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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. As of December 31, 2018, the company had 503.4 million barrels of oil equivalent of estimated proved reserves; and working interests in 715 gross productive oil wells and 504 gross productive gas wells primarily in the Permian, South Texas, and Gulf Coast regions in the United States.

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Institutional Ownership by Quarter for SM Energy (NYSE:SM)

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