Universal Beteiligungs und Servicegesellschaft mbH Grows Stock Holdings in SM Energy Company $SM

Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of SM Energy Company (NYSE:SM) by 42.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 362,741 shares of the energy company’s stock after buying an additional 107,975 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in SM Energy were worth $6,804,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Lighthouse Investment Partners LLC purchased a new stake in SM Energy in the 3rd quarter valued at approximately $4,619,000. Dynamic Technology Lab Private Ltd purchased a new stake in SM Energy in the 3rd quarter valued at approximately $1,190,000. Kennedy Capital Management LLC boosted its holdings in SM Energy by 70.6% in the 3rd quarter. Kennedy Capital Management LLC now owns 574,107 shares of the energy company’s stock valued at $14,335,000 after purchasing an additional 237,537 shares in the last quarter. Royce & Associates LP boosted its holdings in SM Energy by 22.6% in the 3rd quarter. Royce & Associates LP now owns 356,608 shares of the energy company’s stock valued at $8,905,000 after purchasing an additional 65,732 shares in the last quarter. Finally, CSM Advisors LLC boosted its holdings in SM Energy by 25.3% in the 3rd quarter. CSM Advisors LLC now owns 209,494 shares of the energy company’s stock valued at $5,232,000 after purchasing an additional 42,244 shares in the last quarter. Hedge funds and other institutional investors own 94.56% of the company’s stock.

SM Energy Stock Up 1.1%

Shares of NYSE SM opened at $29.09 on Tuesday. The firm has a fifty day moving average of $27.26 and a 200-day moving average of $22.23. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.48. SM Energy Company has a 52-week low of $17.45 and a 52-week high of $33.25. The stock has a market capitalization of $6.97 billion, a PE ratio of 5.15 and a beta of 0.78.

SM Energy (NYSE:SM) last announced its quarterly earnings results on Wednesday, February 25th. The energy company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.10. The firm had revenue of $704.92 million during the quarter, compared to analysts’ expectations of $764.40 million. SM Energy had a net margin of 20.55% and a return on equity of 13.47%. The firm’s revenue was down 17.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.91 EPS. On average, analysts anticipate that SM Energy Company will post 6.85 EPS for the current year.

SM Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 23rd. Stockholders of record on Monday, March 9th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, March 9th. This is a positive change from SM Energy’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a dividend yield of 3.0%. SM Energy’s dividend payout ratio is 15.58%.

Wall Street Analyst Weigh In

SM has been the topic of a number of analyst reports. TD Cowen lowered their price objective on SM Energy from $36.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, March 17th. Siebert Williams Shank lowered SM Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 18th. BMO Capital Markets boosted their price target on SM Energy from $26.00 to $33.00 and gave the stock a “market perform” rating in a research note on Thursday, April 2nd. Truist Financial initiated coverage on SM Energy in a research note on Tuesday, March 24th. They set a “buy” rating and a $38.00 price target on the stock. Finally, Roth Mkm reissued a “neutral” rating and set a $33.00 price target (up from $24.00) on shares of SM Energy in a research note on Wednesday, April 8th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $33.62.

SM Energy Company Profile

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.