Zurcher Kantonalbank Zurich Cantonalbank Grows Holdings in SM Energy (NYSE:SM)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in SM Energy (NYSE:SM) by 9.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,471 shares of the energy company’s stock after buying an additional 2,344 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in SM Energy were worth $1,025,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AE Wealth Management LLC bought a new stake in shares of SM Energy in the 3rd quarter worth approximately $535,000. SG Americas Securities LLC bought a new stake in shares of SM Energy in the 3rd quarter worth approximately $1,488,000. Verdence Capital Advisors LLC lifted its holdings in shares of SM Energy by 2.6% in the 3rd quarter. Verdence Capital Advisors LLC now owns 77,729 shares of the energy company’s stock worth $3,082,000 after acquiring an additional 1,954 shares during the last quarter. BluePath Capital Management LLC bought a new stake in shares of SM Energy in the 3rd quarter worth approximately $32,000. Finally, Mackenzie Financial Corp bought a new stake in shares of SM Energy in the 3rd quarter worth approximately $6,370,000. Hedge funds and other institutional investors own 94.56% of the company’s stock.

Analysts Set New Price Targets

SM has been the subject of a number of recent analyst reports. Susquehanna upped their price target on shares of SM Energy from $42.00 to $51.00 and gave the company a “neutral” rating in a report on Monday, April 22nd. Royal Bank of Canada reiterated a “sector perform” rating and set a $45.00 price target on shares of SM Energy in a report on Monday, February 5th. Wells Fargo & Company upped their price target on shares of SM Energy from $45.00 to $51.00 and gave the company an “equal weight” rating in a report on Thursday, April 18th. Mizuho upped their price target on shares of SM Energy from $51.00 to $57.00 and gave the company a “buy” rating in a report on Friday, April 5th. Finally, JPMorgan Chase & Co. upped their price target on shares of SM Energy from $49.00 to $54.00 and gave the company an “overweight” rating in a report on Tuesday, April 9th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, SM Energy currently has an average rating of “Moderate Buy” and a consensus price target of $52.57.

SM Energy Stock Up 0.8 %

Shares of SM Energy stock opened at $50.84 on Friday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.44. The company’s fifty day simple moving average is $47.37 and its two-hundred day simple moving average is $41.35. The company has a market cap of $5.88 billion, a P/E ratio of 7.40 and a beta of 4.20. SM Energy has a 12-month low of $25.03 and a 12-month high of $53.26.

SM Energy (NYSE:SM) last issued its quarterly earnings data on Wednesday, February 21st. The energy company reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.17. The business had revenue of $608.73 million for the quarter, compared to the consensus estimate of $611.35 million. SM Energy had a net margin of 34.45% and a return on equity of 20.74%. The company’s quarterly revenue was down 9.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.29 EPS. Research analysts anticipate that SM Energy will post 6.33 EPS for the current year.

SM Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Friday, April 19th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Thursday, April 18th. SM Energy’s dividend payout ratio is presently 10.48%.

SM Energy Company Profile

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, gas, and natural gas liquids in the state of Texas. It has working interests in oil and gas producing wells in the Midland Basin and South Texas. The company was formerly known as St.