Yousif Capital Management LLC Reduces Stock Holdings in SM Energy (NYSE:SM)

Yousif Capital Management LLC cut its holdings in SM Energy (NYSE:SM) by 1.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 45,166 shares of the energy company’s stock after selling 470 shares during the quarter. Yousif Capital Management LLC’s holdings in SM Energy were worth $1,751,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Foster & Motley Inc. acquired a new position in shares of SM Energy in the 4th quarter valued at $342,000. R Squared Ltd purchased a new stake in SM Energy during the 4th quarter valued at about $61,000. Moody Aldrich Partners LLC increased its holdings in shares of SM Energy by 31.4% in the fourth quarter. Moody Aldrich Partners LLC now owns 132,267 shares of the energy company’s stock valued at $5,127,000 after purchasing an additional 31,582 shares during the period. KBC Group NV raised its stake in shares of SM Energy by 46.2% in the fourth quarter. KBC Group NV now owns 4,854 shares of the energy company’s stock worth $188,000 after purchasing an additional 1,533 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of SM Energy by 5.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 24,834 shares of the energy company’s stock worth $963,000 after purchasing an additional 1,304 shares during the period. Institutional investors and hedge funds own 94.56% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. TD Cowen upgraded shares of SM Energy from a “hold” rating to a “buy” rating and cut their price target for the stock from $64.00 to $60.00 in a report on Tuesday, October 15th. Wells Fargo & Company cut their price objective on shares of SM Energy from $47.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 17th. Stephens restated an “overweight” rating and set a $57.00 target price on shares of SM Energy in a research report on Thursday, January 2nd. KeyCorp cut their price target on SM Energy from $65.00 to $60.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Finally, Mizuho decreased their price objective on SM Energy from $57.00 to $55.00 and set an “outperform” rating for the company in a report on Monday, December 16th. Seven analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $51.90.

SM Energy Price Performance

Shares of SM Energy stock opened at $40.59 on Wednesday. The firm has a market cap of $4.64 billion, a PE ratio of 5.67 and a beta of 4.11. The business has a 50-day moving average price of $40.11 and a 200 day moving average price of $42.06. The company has a quick ratio of 3.52, a current ratio of 3.52 and a debt-to-equity ratio of 0.67. SM Energy has a twelve month low of $36.13 and a twelve month high of $53.26.

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 given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.97%. SM Energy’s dividend payout ratio (DPR) is 11.17%.

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.