Quadrant Capital Group LLC increased its position in shares of SM Energy (NYSE:SM – Free Report) by 86.1% in the second quarter, Holdings Channel reports. The institutional investor owned 5,007 shares of the energy company’s stock after buying an additional 2,316 shares during the period. Quadrant Capital Group LLC’s holdings in SM Energy were worth $158,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Eaton Vance Management lifted its position in shares of SM Energy by 3.8% in the first quarter. Eaton Vance Management now owns 8,361 shares of the energy company’s stock worth $326,000 after purchasing an additional 309 shares in the last quarter. Metropolitan Life Insurance Co NY boosted its stake in shares of SM Energy by 4.5% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 7,630 shares of the energy company’s stock worth $266,000 after buying an additional 326 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of SM Energy by 3.6% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 12,177 shares of the energy company’s stock valued at $385,000 after acquiring an additional 419 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of SM Energy by 1.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 48,824 shares of the energy company’s stock valued at $1,701,000 after acquiring an additional 506 shares during the last quarter. Finally, Fifth Third Bancorp raised its holdings in SM Energy by 154.5% during the second quarter. Fifth Third Bancorp now owns 840 shares of the energy company’s stock worth $27,000 after acquiring an additional 510 shares in the last quarter. Institutional investors own 91.26% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the company. Wells Fargo & Company began coverage on SM Energy in a research note on Wednesday, November 15th. They issued an “equal weight” rating and a $40.00 price target for the company. Raymond James upped their price target on shares of SM Energy from $41.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, July 24th. Royal Bank of Canada reissued a “sector perform” rating and issued a $46.00 price objective on shares of SM Energy in a research report on Thursday, October 5th. JPMorgan Chase & Co. raised shares of SM Energy from a “neutral” rating to an “overweight” rating and upped their target price for the company from $45.00 to $47.00 in a report on Wednesday, August 16th. Finally, Susquehanna lifted their price target on SM Energy from $32.00 to $40.00 and gave the stock a “neutral” rating in a report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $41.91.
In related news, Director Rose M. Robeson sold 30,000 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $39.65, for a total value of $1,189,500.00. Following the completion of the transaction, the director now owns 39,531 shares of the company’s stock, valued at $1,567,404.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other SM Energy news, Director Rose M. Robeson sold 30,000 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $39.65, for a total value of $1,189,500.00. Following the sale, the director now owns 39,531 shares of the company’s stock, valued at approximately $1,567,404.15. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ramiro G. Peru sold 15,670 shares of the company’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $41.14, for a total value of $644,663.80. Following the sale, the director now owns 73,685 shares of the company’s stock, valued at $3,031,400.90. The disclosure for this sale can be found here. 1.40% of the stock is owned by company insiders.
SM Energy Stock Up 0.3 %
SM stock opened at $38.02 on Tuesday. SM Energy has a fifty-two week low of $24.66 and a fifty-two week high of $44.72. The stock has a market capitalization of $4.42 billion, a price-to-earnings ratio of 5.56 and a beta of 4.33. The business’s fifty day moving average price is $39.40 and its two-hundred day moving average price is $35.44. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.17 and a quick ratio of 1.17.
SM Energy Dividend Announcement
The firm also recently announced a semi-annual dividend, which was paid on Monday, November 6th. Shareholders of record on Tuesday, October 24th were given a dividend of $0.15 per share. The ex-dividend date was Monday, October 23rd. This represents a dividend yield of 0.8%. SM Energy’s payout ratio is presently 8.77%.
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 also has working interests in oil and gas producing wells in the Midland Basin and South Texas. The company was formerly known as St.
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