UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 25,563 Shares of SM Energy (NYSE:SM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in shares of SM Energy (NYSE:SM) by 5.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 421,830 shares of the energy company’s stock after selling 25,563 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.37% of SM Energy worth $16,861,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in SM. Mather Group LLC. bought a new stake in SM Energy during the second quarter worth approximately $44,000. Park Avenue Securities LLC increased its stake in SM Energy by 23.4% during the second quarter. Park Avenue Securities LLC now owns 12,719 shares of the energy company’s stock worth $550,000 after acquiring an additional 2,414 shares during the last quarter. Diversified Trust Co increased its stake in SM Energy by 10.1% during the second quarter. Diversified Trust Co now owns 18,094 shares of the energy company’s stock worth $782,000 after acquiring an additional 1,658 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in SM Energy by 2.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 11,045 shares of the energy company’s stock worth $477,000 after acquiring an additional 300 shares during the last quarter. Finally, Wedge Capital Management L L P NC boosted its position in shares of SM Energy by 4.8% during the second quarter. Wedge Capital Management L L P NC now owns 593,241 shares of the energy company’s stock valued at $25,646,000 after buying an additional 27,405 shares during the period. 94.56% of the stock is owned by institutional investors.

SM Energy Stock Down 3.9 %

SM Energy stock opened at $40.18 on Friday. The business has a fifty day moving average of $43.36 and a two-hundred day moving average of $44.31. 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 firm has a market cap of $4.60 billion, a P/E ratio of 5.61 and a beta of 4.14. SM Energy has a twelve month low of $34.13 and a twelve month high of $53.26.

SM Energy (NYSE:SM) last posted its earnings results 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 company had revenue of $643.60 million during 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 revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.73 earnings per share. On average, analysts forecast that SM Energy will post 6.77 earnings per share for the current fiscal 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 dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, October 25th. This represents a $0.80 dividend on an annualized basis and a yield of 1.99%. This is a positive change from SM Energy’s previous quarterly dividend of $0.18. SM Energy’s dividend payout ratio is currently 11.17%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. JPMorgan Chase & Co. restated a “neutral” rating and set a $53.00 target price (up previously from $51.00) on shares of SM Energy in a research report on Wednesday. Tudor, Pickering, Holt & Co. upgraded SM Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, August 21st. StockNews.com lowered SM Energy from a “buy” rating to a “hold” rating in a research report on Friday, September 13th. Stephens boosted their target price on SM Energy from $56.00 to $57.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Finally, Susquehanna dropped their target price on SM Energy from $48.00 to $46.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $51.00.

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.