SM Energy (NYSE:SM) Shares Sold by Capital Counsel LLC NY

Capital Counsel LLC NY lessened its position in shares of SM Energy (NYSE:SM) by 17.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,905 shares of the energy company’s stock after selling 2,500 shares during the period. Capital Counsel LLC NY’s holdings in SM Energy were worth $476,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in SM Energy by 6.5% in the second quarter. Dimensional Fund Advisors LP now owns 6,341,875 shares of the energy company’s stock valued at $274,161,000 after buying an additional 384,675 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of SM Energy by 2,515.6% during the 3rd quarter. Pacer Advisors Inc. now owns 4,463,443 shares of the energy company’s stock worth $178,404,000 after acquiring an additional 4,292,793 shares in the last quarter. American Century Companies Inc. boosted its position in shares of SM Energy by 1.2% during the 2nd quarter. American Century Companies Inc. now owns 2,361,149 shares of the energy company’s stock worth $102,072,000 after acquiring an additional 28,005 shares in the last quarter. River Road Asset Management LLC increased its holdings in shares of SM Energy by 0.7% in the 3rd quarter. River Road Asset Management LLC now owns 1,792,573 shares of the energy company’s stock valued at $71,649,000 after acquiring an additional 12,669 shares during the last quarter. Finally, Westwood Holdings Group Inc. raised its position in shares of SM Energy by 10.2% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,709,927 shares of the energy company’s stock worth $73,920,000 after acquiring an additional 157,923 shares in the last quarter. 94.56% of the stock is currently owned by institutional investors and hedge funds.

SM Energy Trading Down 1.1 %

NYSE SM opened at $44.63 on Wednesday. The company has a quick ratio of 3.52, a current ratio of 3.52 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $5.11 billion, a P/E ratio of 6.23 and a beta of 4.18. SM Energy has a 52-week low of $34.13 and a 52-week high of $53.26. The firm has a 50-day moving average price of $42.88 and a 200 day moving average price of $44.59.

SM Energy (NYSE:SM) last announced its quarterly earnings data on Thursday, October 31st. The energy company reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.10. The firm had revenue of $643.60 million for the quarter, compared to analyst estimates of $643.67 million. SM Energy had a return on equity of 19.62% and a net margin of 33.89%. SM Energy’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.73 earnings per share. Equities research analysts expect that SM Energy will post 6.77 EPS for the current year.

SM Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 4th. Shareholders of record on Friday, October 25th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, October 25th. This is a boost from SM Energy’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a yield of 1.79%. SM Energy’s dividend payout ratio (DPR) is 11.17%.

Wall Street Analyst Weigh In

Several equities analysts have commented on SM shares. JPMorgan Chase & Co. increased their price target on shares of SM Energy from $50.00 to $54.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Tudor, Pickering, Holt & Co. upgraded shares of SM Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, August 21st. Wells Fargo & Company raised their price target on SM Energy from $43.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 20th. BMO Capital Markets reduced their price objective on SM Energy from $50.00 to $48.00 and set a “market perform” rating for the company in a research note on Friday, October 4th. Finally, Stephens increased their price target on shares of SM Energy from $56.00 to $57.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $51.09.

About SM Energy

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.