SM Energy Company $SM Position Cut by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd trimmed its stake in shares of SM Energy Company (NYSE:SM) by 92.1% during the first quarter, Holdings Channel reports. The institutional investor owned 20,387 shares of the energy company’s stock after selling 236,669 shares during the period. Y Intercept Hong Kong Ltd’s holdings in SM Energy were worth $636,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lighthouse Investment Partners LLC acquired a new stake in shares of SM Energy during the 3rd quarter valued at $4,619,000. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of SM Energy by 96.1% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 114,609 shares of the energy company’s stock worth $2,143,000 after purchasing an additional 56,160 shares in the last quarter. Denali Advisors LLC grew its position in SM Energy by 22.2% during the fourth quarter. Denali Advisors LLC now owns 300,000 shares of the energy company’s stock valued at $5,610,000 after purchasing an additional 54,428 shares in the last quarter. CSM Advisors LLC grew its position in SM Energy by 25.3% during the third 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. Finally, SG Americas Securities LLC increased its stake in SM Energy by 279.7% in the 4th quarter. SG Americas Securities LLC now owns 150,329 shares of the energy company’s stock valued at $2,811,000 after buying an additional 110,735 shares during the period. 94.56% of the stock is currently owned by institutional investors.

Insider Transactions at SM Energy

In related news, Director Ramiro G. Peru sold 24,553 shares of SM Energy stock in a transaction on Thursday, May 21st. The shares were 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 in the company, valued at $2,241,456.72. This trade represents a 27.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.45% of the company’s stock.

SM Energy Stock Performance

SM opened at $29.91 on Tuesday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.39 and a current ratio of 0.39. The company has a market cap of $7.17 billion, a PE ratio of 12.57 and a beta of 0.73. The stock has a 50-day moving average of $30.04 and a 200-day moving average of $26.09. SM Energy Company has a 52-week low of $17.45 and a 52-week high of $35.88.

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

SM Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Monday, June 8th were paid a $0.22 dividend. The ex-dividend date was Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a yield of 2.9%. SM Energy’s dividend payout ratio (DPR) is presently 36.97%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Siebert Williams Shank raised shares of SM Energy from a “hold” rating to a “buy” rating and lifted their target price for the company from $30.00 to $41.00 in a research note on Thursday, May 14th. Roth Capital raised SM Energy from a “neutral” rating to a “buy” rating and raised their price target for the stock from $30.00 to $32.00 in a research note on Monday, June 22nd. Wall Street Zen upgraded SM Energy from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. KeyCorp lifted their target price on shares of SM Energy from $29.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, April 2nd. Finally, Raymond James Financial raised shares of SM Energy from an “underperform” rating to an “outperform” rating and set a $55.00 target price for the company in a research report on Wednesday, May 20th. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $37.00.

SM Energy 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.