SM Energy (NYSE:SM) Shares Sold by Gotham Asset Management LLC

Gotham Asset Management LLC decreased its holdings in SM Energy (NYSE:SM) by 54.5% during the 4th quarter, HoldingsChannel reports. The fund owned 39,084 shares of the energy company’s stock after selling 46,900 shares during the quarter. Gotham Asset Management LLC’s holdings in SM Energy were worth $1,515,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Tower Research Capital LLC TRC raised its stake in SM Energy by 64.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,730 shares of the energy company’s stock valued at $183,000 after buying an additional 1,854 shares in the last quarter. Barclays PLC raised its stake in SM Energy by 47.3% during the third quarter. Barclays PLC now owns 250,218 shares of the energy company’s stock valued at $10,002,000 after buying an additional 80,343 shares in the last quarter. Principal Financial Group Inc. raised its stake in SM Energy by 4.0% during the fourth quarter. Principal Financial Group Inc. now owns 635,822 shares of the energy company’s stock valued at $24,644,000 after buying an additional 24,701 shares in the last quarter. Intrust Bank NA acquired a new stake in SM Energy during the fourth quarter valued at approximately $396,000. Finally, Moody Aldrich Partners LLC raised its stake in SM Energy by 31.4% during the fourth quarter. Moody Aldrich Partners LLC now owns 132,267 shares of the energy company’s stock valued at $5,127,000 after buying an additional 31,582 shares in the last quarter. Institutional investors and hedge funds own 94.56% of the company’s stock.

Insider Buying and Selling

In other SM Energy news, Director Barton R. Brookman, Jr. acquired 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired at an average cost of $32.36 per share, with a total value of $226,520.00. Following the acquisition, the director now directly owns 14,666 shares of the company’s stock, valued at $474,591.76. This represents a 91.31% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Williams Trading set a $41.00 price objective on SM Energy in a research note on Wednesday, March 5th. Stephens cut their price objective on SM Energy from $62.00 to $55.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 15th. Raymond James cut their price objective on SM Energy from $59.00 to $40.00 and set an “outperform” rating on the stock in a research note on Monday, March 10th. KeyCorp cut their price objective on SM Energy from $60.00 to $36.00 and set an “overweight” rating on the stock in a research note on Monday, April 21st. Finally, Wells Fargo & Company cut their price objective on SM Energy from $45.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 25th. Seven analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $42.92.

SM Energy Stock Down 0.3%

Shares of SM Energy stock opened at $24.48 on Friday. The company has a current ratio of 0.55, a quick ratio of 3.52 and a debt-to-equity ratio of 0.66. The business’s 50 day simple moving average is $25.28 and its 200-day simple moving average is $34.69. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 3.67 and a beta of 2.17. SM Energy has a twelve month low of $19.67 and a twelve month high of $50.77.

SM Energy (NYSE:SM) last issued its quarterly earnings data on Thursday, May 1st. The energy company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.16. SM Energy had a return on equity of 19.82% and a net margin of 28.63%. The business had revenue of $844.54 million during the quarter, compared to analyst estimates of $814.62 million. During the same period in the prior year, the company posted $1.13 EPS. The business’s revenue for the quarter was up 50.8% compared to the same quarter last year. Equities research analysts forecast that SM Energy will post 8.1 earnings per share for the current year.

SM Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Friday, April 18th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend was Thursday, April 17th. SM Energy’s dividend payout ratio (DPR) is 11.20%.

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.