Jupiter Asset Management Ltd. Has $12.05 Million Stock Holdings in SM Energy (NYSE:SM)

Jupiter Asset Management Ltd. trimmed its holdings in SM Energy (NYSE:SM) by 25.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 310,965 shares of the energy company’s stock after selling 104,750 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in SM Energy were worth $12,053,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC lifted its stake in shares of SM Energy by 47.3% in the 3rd quarter. Barclays PLC now owns 250,218 shares of the energy company’s stock valued at $10,002,000 after purchasing an additional 80,343 shares during the period. National Bank of Canada FI acquired a new position in shares of SM Energy in the 3rd quarter valued at about $259,000. Los Angeles Capital Management LLC lifted its stake in shares of SM Energy by 79.2% in the 3rd quarter. Los Angeles Capital Management LLC now owns 65,421 shares of the energy company’s stock valued at $2,615,000 after purchasing an additional 28,920 shares during the period. World Investment Advisors LLC acquired a new position in shares of SM Energy in the 3rd quarter valued at about $3,048,000. Finally, Janney Montgomery Scott LLC lifted its stake in shares of SM Energy by 144.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 22,357 shares of the energy company’s stock valued at $894,000 after purchasing an additional 13,215 shares during the period. 94.56% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at SM Energy

In other SM Energy news, Director Barton R. Brookman, Jr. bought 7,000 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were purchased at an average price of $32.36 per share, for a total transaction of $226,520.00. Following the purchase, the director now directly owns 14,666 shares of the company’s stock, valued at approximately $474,591.76. This represents a 91.31 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.50% of the company’s stock.

SM Energy Stock Performance

Shares of SM opened at $29.84 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.52 and a current ratio of 0.55. The stock has a 50 day moving average price of $37.63 and a two-hundred day moving average price of $40.51. The firm has a market capitalization of $3.41 billion, a P/E ratio of 4.47 and a beta of 4.14. SM Energy has a 52 week low of $26.66 and a 52 week high of $53.26.

SM Energy (NYSE:SM) last issued its quarterly earnings data on Wednesday, February 19th. The energy company reported $1.91 EPS for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.09). SM Energy had a return on equity of 19.82% and a net margin of 28.63%. The company had revenue of $852.22 million for the quarter, compared to the consensus estimate of $849.44 million. Equities analysts forecast that SM Energy will post 8.1 earnings per share 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 paid 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 2.68%. SM Energy’s payout ratio is presently 11.98%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Mizuho decreased 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. Raymond James decreased their target price on SM Energy from $59.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $53.00 target price (up from $51.00) on shares of SM Energy in a research report on Wednesday, December 4th. Williams Trading set a $41.00 target price on SM Energy in a research report on Wednesday, March 5th. Finally, Stephens reaffirmed an “overweight” rating and issued a $57.00 target price on shares of SM Energy in a research report on Thursday, January 2nd. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $50.00.

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.