SM Energy Company $SM Stake Boosted by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its stake in shares of SM Energy Company (NYSE:SM) by 145.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 202,977 shares of the energy company’s stock after buying an additional 120,443 shares during the period. Hsbc Holdings PLC’s holdings in SM Energy were worth $3,788,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Summit Global Investments grew its stake in SM Energy by 1.1% during the fourth quarter. Summit Global Investments now owns 46,417 shares of the energy company’s stock worth $868,000 after buying an additional 489 shares during the last quarter. State of Wyoming raised its position in SM Energy by 22.2% in the 4th quarter. State of Wyoming now owns 2,748 shares of the energy company’s stock valued at $51,000 after purchasing an additional 499 shares during the last quarter. Global Retirement Partners LLC raised its position in SM Energy by 62.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,386 shares of the energy company’s stock valued at $26,000 after purchasing an additional 535 shares during the last quarter. First Horizon Corp boosted its stake in SM Energy by 57.4% in the fourth quarter. First Horizon Corp now owns 1,860 shares of the energy company’s stock worth $35,000 after purchasing an additional 678 shares in the last quarter. Finally, ProShare Advisors LLC boosted its stake in SM Energy by 3.2% in the fourth quarter. ProShare Advisors LLC now owns 22,211 shares of the energy company’s stock worth $415,000 after purchasing an additional 687 shares in the last quarter. 94.56% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SM has been the subject of a number of research analyst reports. Truist Financial cut their price target on SM Energy from $39.00 to $37.00 and set a “buy” rating for the company in a report on Tuesday. Weiss Ratings raised shares of SM Energy from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. BMO Capital Markets raised their price objective on shares of SM Energy from $26.00 to $33.00 and gave the company a “market perform” rating in a research report on Thursday, April 2nd. National Bank Financial set a $30.00 target price on shares of SM Energy in a research note on Tuesday, March 17th. Finally, Roth Capital raised shares of SM Energy from a “neutral” rating to a “buy” rating and increased their price target for the company from $30.00 to $32.00 in a research note on Monday, June 22nd. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $37.00.

SM Energy Stock Down 2.5%

Shares of NYSE:SM opened at $28.39 on Friday. SM Energy Company has a one year low of $17.45 and a one year high of $35.88. The company has a 50 day moving average of $30.13 and a 200-day moving average of $25.95. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.39 and a quick ratio of 0.39. The stock has a market cap of $6.81 billion, a price-to-earnings ratio of 11.93 and a beta of 0.73.

SM Energy (NYSE:SM) last posted its quarterly earnings results on Wednesday, May 6th. The energy company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.42. SM Energy had a net margin of 3.45% and a return on equity of 13.93%. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the previous year, the firm posted $1.76 earnings per share. SM Energy’s revenue for the quarter was up 75.0% compared to the same quarter last year. On average, sell-side analysts forecast that SM Energy Company will post 7.1 earnings per share for the current year.

SM Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Monday, June 8th were given a dividend of $0.22 per share. The ex-dividend date was Monday, June 8th. This represents a $0.88 annualized dividend and a dividend yield of 3.1%. SM Energy’s payout ratio is presently 36.97%.

Insider Activity at SM Energy

In other news, Director Ramiro G. Peru sold 24,553 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $33.98, for a total value of $834,310.94. Following the transaction, the director owned 65,964 shares of the company’s stock, valued at $2,241,456.72. This represents a 27.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.45% of the company’s stock.

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.