Webs Creek Capital Management LP Invests $53.26 Billion in SM Energy Company $SM

Webs Creek Capital Management LP acquired a new stake in SM Energy Company (NYSE:SM) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,040,529 shares of the energy company’s stock, valued at approximately $53,257,807,000. SM Energy makes up 10.1% of Webs Creek Capital Management LP’s portfolio, making the stock its 2nd biggest position. Webs Creek Capital Management LP owned about 0.86% of SM Energy at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in SM. Royal Bank of Canada boosted its stake in shares of SM Energy by 112.1% during the 1st quarter. Royal Bank of Canada now owns 94,115 shares of the energy company’s stock worth $2,935,000 after purchasing an additional 49,740 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of SM Energy during the second quarter worth about $2,243,000. Mitsubishi UFJ Trust & Banking Corp raised 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 valued at $2,143,000 after buying an additional 56,160 shares during the last quarter. Denali Advisors LLC lifted its stake in shares of 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 buying an additional 54,428 shares during the period. Finally, UBS Group AG lifted its stake in shares of SM Energy by 23.0% during the fourth quarter. UBS Group AG now owns 666,070 shares of the energy company’s stock valued at $12,456,000 after buying an additional 124,448 shares during the period. Institutional investors and hedge funds own 94.56% of the company’s stock.

SM Energy Stock Down 1.9%

SM opened at $36.48 on Tuesday. The firm has a 50 day moving average price of $30.34 and a 200 day moving average price of $28.99. The company has a market cap of $8.68 billion, a PE ratio of 7.18 and a beta of 0.73. SM Energy Company has a 1 year low of $17.45 and a 1 year high of $38.25. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.62 and a current ratio of 0.62.

SM Energy (NYSE:SM) last posted its quarterly earnings results on Wednesday, August 5th. The energy company reported $2.19 EPS for the quarter, beating the consensus estimate of $1.96 by $0.23. SM Energy had a net margin of 18.20% and a return on equity of 17.93%. The firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter last year, the firm posted $1.50 earnings per share. SM Energy’s revenue for the quarter was up 215.3% compared to the same quarter last year. Sell-side analysts expect that SM Energy Company will post 7.36 earnings per share for the current year.

SM Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 21st. Stockholders of record on Monday, September 7th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, September 4th. SM Energy’s dividend payout ratio (DPR) is currently 17.32%.

Insider Buying and Selling at SM Energy

In related news, EVP James Barker Lebeck sold 17,500 shares of SM Energy stock in a transaction on Friday, August 21st. The shares were sold at an average price of $37.02, for a total transaction of $647,850.00. Following the transaction, the executive vice president owned 14,705 shares in the company, valued at approximately $544,379.10. The trade was a 54.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.45% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Mizuho raised shares of SM Energy to a “strong-buy” rating in a research note on Friday, July 31st. Raymond James Financial decreased their price objective on SM Energy from $55.00 to $48.00 and set an “outperform” rating on the stock in a report on Tuesday, July 21st. Siebert Williams Shank raised SM Energy from a “hold” rating to a “buy” rating and lifted their price objective for the company from $30.00 to $41.00 in a research report on Thursday, May 14th. Stephens dropped their target price on SM Energy from $61.00 to $52.00 and set an “overweight” rating for the company in a research note on Tuesday, July 7th. Finally, Roth Capital upgraded SM Energy from a “neutral” rating to a “buy” rating and increased their target price for the stock from $30.00 to $32.00 in a research report on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $37.93.

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.