Intrust Bank NA Makes New $396,000 Investment in SM Energy (NYSE:SM)

Intrust Bank NA purchased a new stake in SM Energy (NYSE:SM) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 10,229 shares of the energy company’s stock, valued at approximately $396,000.

Other large investors have also recently made changes to their positions in the company. Barclays PLC lifted its stake in SM Energy by 47.3% during the 3rd quarter. Barclays PLC now owns 250,218 shares of the energy company’s stock worth $10,002,000 after acquiring an additional 80,343 shares in the last quarter. National Bank of Canada FI acquired a new stake in shares of SM Energy during the third quarter worth about $259,000. World Investment Advisors LLC purchased a new position in shares of SM Energy in the third quarter valued at approximately $3,048,000. Range Financial Group LLC acquired a new position in shares of SM Energy in the fourth quarter valued at approximately $833,000. Finally, State Street Corp grew its holdings in shares of SM Energy by 1.9% in the third quarter. State Street Corp now owns 6,287,815 shares of the energy company’s stock valued at $251,324,000 after purchasing an additional 114,664 shares in the last quarter. 94.56% of the stock is currently owned by institutional investors and hedge funds.

SM Energy Stock Down 2.8 %

SM stock opened at $29.42 on Monday. The company’s 50 day moving average is $34.68 and its two-hundred day moving average is $39.41. SM Energy has a twelve month low of $26.66 and a twelve month high of $53.26. The company has a current ratio of 0.55, a quick ratio of 3.52 and a debt-to-equity ratio of 0.66. The stock has a market cap of $3.37 billion, a P/E ratio of 4.40 and a beta of 4.14.

SM Energy (NYSE:SM) last announced its quarterly earnings results on Wednesday, February 19th. The energy company reported $1.91 earnings per share for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.09). The company 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%. Research analysts expect that SM Energy will post 8.1 earnings per share for the current fiscal year.

SM Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Friday, April 18th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend is Thursday, April 17th. SM Energy’s dividend payout ratio (DPR) is 11.98%.

Insiders Place Their Bets

In other SM Energy news, Director Barton R. Brookman, Jr. acquired 7,000 shares of the stock in a transaction on Wednesday, February 26th. The shares were bought at an average cost of $32.36 per share, with a total value of $226,520.00. Following the transaction, the director now owns 14,666 shares of the company’s stock, valued at approximately $474,591.76. This trade represents a 91.31 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Truist Financial raised their price target on shares of SM Energy from $42.00 to $45.00 and gave the company a “hold” rating in a research report on Monday, January 13th. JPMorgan Chase & Co. decreased their target price on SM Energy from $54.00 to $41.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Wells Fargo & Company cut their price target on SM Energy from $45.00 to $33.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 25th. StockNews.com cut SM Energy from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Finally, Stephens restated an “overweight” rating and set a $57.00 target price on shares of SM Energy in a research note on Thursday, January 2nd. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $48.00.

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.