SM Energy (NYSE:SM) Position Cut by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd trimmed its holdings in SM Energy (NYSE:SM) by 62.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,319 shares of the energy company’s stock after selling 13,913 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in SM Energy were worth $322,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Harbor Capital Advisors Inc. acquired a new stake in SM Energy in the third quarter worth approximately $30,000. Millburn Ridgefield Corp acquired a new stake in SM Energy in the third quarter worth approximately $55,000. International Assets Investment Management LLC lifted its position in SM Energy by 3,897.2% in the third quarter. International Assets Investment Management LLC now owns 1,439 shares of the energy company’s stock worth $58,000 after purchasing an additional 1,403 shares during the period. R Squared Ltd acquired a new stake in SM Energy in the fourth quarter worth approximately $61,000. Finally, Legacy Investment Solutions LLC acquired a new stake in SM Energy in the third quarter worth approximately $83,000. 94.56% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Barton R. Brookman, Jr. purchased 7,000 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average cost of $32.36 per share, with a total value of $226,520.00. Following the completion of the purchase, the director now owns 14,666 shares of the company’s stock, valued at $474,591.76. The trade was a 91.31 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

SM Energy Price Performance

SM opened at $30.04 on Tuesday. The stock has a fifty day moving average of $39.01 and a 200-day moving average of $41.30. The firm has a market capitalization of $3.44 billion, a P/E ratio of 4.50 and a beta of 4.11. SM Energy has a 12-month low of $29.43 and a 12-month high of $53.26. The company has a quick ratio of 3.52, a current ratio of 0.55 and a debt-to-equity ratio of 0.66.

SM Energy (NYSE:SM) last released its earnings results on Wednesday, February 19th. The energy company reported $1.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.09). The business had revenue of $852.22 million during the quarter, compared to analysts’ expectations of $849.44 million. SM Energy had a net margin of 28.63% and a return on equity of 19.82%. Equities analysts forecast that SM Energy will post 8.1 EPS for the current fiscal year.

SM Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 24th were issued a $0.20 dividend. The ex-dividend date was Friday, January 24th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.66%. SM Energy’s payout ratio is currently 11.98%.

Analyst Upgrades and Downgrades

SM has been the subject of a number of research analyst reports. Truist Financial upped their target price on SM Energy from $42.00 to $45.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Stephens restated an “overweight” rating and issued a $57.00 target price on shares of SM Energy in a research report on Thursday, January 2nd. Mizuho cut their target price on SM Energy from $57.00 to $55.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. StockNews.com downgraded SM Energy from a “buy” rating to a “hold” rating in a research report on Friday. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $53.00 price objective (up previously from $51.00) on shares of SM Energy in a research report on Wednesday, December 4th. Seven investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, SM Energy has an average rating of “Moderate Buy” and a consensus target price of $51.90.

SM Energy 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.