Wedge Capital Management L L P NC Sells 93,592 Shares of SM Energy Company $SM

Wedge Capital Management L L P NC decreased its holdings in shares of SM Energy Company (NYSE:SM) by 15.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 530,025 shares of the energy company’s stock after selling 93,592 shares during the period. Wedge Capital Management L L P NC’s holdings in SM Energy were worth $13,235,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Brooklyn Investment Group increased its position in SM Energy by 1,097.9% during the 1st quarter. Brooklyn Investment Group now owns 1,138 shares of the energy company’s stock valued at $34,000 after buying an additional 1,043 shares in the last quarter. CW Advisors LLC grew its stake in shares of SM Energy by 13.9% in the first quarter. CW Advisors LLC now owns 132,782 shares of the energy company’s stock worth $3,977,000 after acquiring an additional 16,193 shares during the last quarter. AlphaQuest LLC grew its stake in shares of SM Energy by 71.4% in the first quarter. AlphaQuest LLC now owns 16,119 shares of the energy company’s stock worth $483,000 after acquiring an additional 6,713 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of SM Energy by 69.5% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,017 shares of the energy company’s stock valued at $30,000 after acquiring an additional 417 shares in the last quarter. Finally, Jump Financial LLC raised its position in shares of SM Energy by 371.0% in the 1st quarter. Jump Financial LLC now owns 88,909 shares of the energy company’s stock worth $2,663,000 after purchasing an additional 70,031 shares during the last quarter. 94.56% of the stock is owned by institutional investors.

SM Energy Stock Down 0.2%

SM stock opened at $18.68 on Monday. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 2.95 and a beta of 1.16. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.56 and a current ratio of 0.56. The business’s 50-day moving average is $19.70 and its two-hundred day moving average is $24.20. SM Energy Company has a fifty-two week low of $17.58 and a fifty-two week high of $44.95.

SM Energy (NYSE:SM) last released its quarterly earnings results on Monday, November 3rd. The energy company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.25 by $0.08. SM Energy had a net margin of 22.03% and a return on equity of 16.67%. The firm had revenue of $811.59 million during the quarter, compared to analyst estimates of $838.24 million. During the same quarter in the prior year, the firm earned $1.62 EPS. The business’s revenue for the quarter was up 26.1% compared to the same quarter last year. As a group, analysts forecast that SM Energy Company will post 8.1 earnings per share for the current year.

SM Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Friday, December 26th will be given a $0.20 dividend. The ex-dividend date is Friday, December 26th. This represents a $0.80 annualized dividend and a yield of 4.3%. SM Energy’s dividend payout ratio (DPR) is presently 12.62%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on SM shares. Wells Fargo & Company reduced their price objective on shares of SM Energy from $30.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday, October 17th. Royal Bank Of Canada boosted their price objective on shares of SM Energy from $34.00 to $35.00 and gave the stock a “sector perform” rating in a report on Thursday, October 9th. Mizuho set a $38.00 target price on SM Energy in a research note on Friday, October 10th. Susquehanna reduced their target price on SM Energy to $27.00 and set a “neutral” rating for the company in a report on Monday, October 20th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SM Energy in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $35.91.

About SM Energy

SM Energy Company (NYSE: SM) is an independent energy firm engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company focuses on identifying and exploiting unconventional onshore basins, leveraging advanced drilling and completion techniques to optimize resource recovery. SM Energy’s operations are supported by an integrated approach to reservoir management and strategic midstream partnerships, enabling efficient transportation and marketing of hydrocarbons.

The company’s core asset areas include prolific basins such as the Permian, Eagle Ford, and the Rocky Mountain region.