Insight Wealth Strategies LLC Boosts Position in SM Energy (NYSE:SM)

Insight Wealth Strategies LLC lifted its position in SM Energy (NYSE:SM) by 5.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,084 shares of the energy company’s stock after buying an additional 2,801 shares during the quarter. Insight Wealth Strategies LLC’s holdings in SM Energy were worth $1,980,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Barclays PLC lifted its stake in SM Energy by 47.3% in the 3rd quarter. Barclays PLC now owns 250,218 shares of the energy company’s stock worth $10,002,000 after purchasing an additional 80,343 shares in the last quarter. National Bank of Canada FI purchased a new stake in shares of SM Energy in the third quarter worth $259,000. Los Angeles Capital Management LLC boosted its stake in SM Energy by 79.2% during the third quarter. Los Angeles Capital Management LLC now owns 65,421 shares of the energy company’s stock valued at $2,615,000 after buying an additional 28,920 shares during the period. World Investment Advisors LLC purchased a new position in SM Energy during the third quarter worth about $3,048,000. Finally, Janney Montgomery Scott LLC grew its position in SM Energy by 144.6% during the third quarter. Janney Montgomery Scott LLC now owns 22,357 shares of the energy company’s stock worth $894,000 after buying an additional 13,215 shares in the last quarter. 94.56% of the stock is currently owned by institutional investors.

SM Energy Trading Up 1.0 %

SM Energy stock traded up $0.41 during trading hours on Monday, reaching $40.99. The stock had a trading volume of 591,384 shares, compared to its average volume of 745,111. The stock has a market cap of $4.69 billion, a PE ratio of 5.72 and a beta of 4.14. The company has a fifty day simple moving average of $41.57 and a 200-day simple moving average of $42.98. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.52 and a quick ratio of 3.52. SM Energy has a 52 week low of $34.76 and a 52 week high of $53.26.

SM Energy (NYSE:SM) last announced its quarterly earnings results on Thursday, October 31st. The energy company reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.10. The company had revenue of $643.60 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.73 EPS. Analysts forecast that SM Energy will post 6.77 EPS for the current fiscal year.

SM Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 24th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend is Friday, January 24th. SM Energy’s payout ratio is currently 11.17%.

Analyst Ratings Changes

SM has been the topic of several research analyst reports. Susquehanna decreased their price objective on shares of SM Energy from $48.00 to $46.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Stephens reaffirmed an “overweight” rating and set a $57.00 price objective on shares of SM Energy in a report on Thursday. JPMorgan Chase & Co. restated a “neutral” rating and set a $53.00 price target (up previously from $51.00) on shares of SM Energy in a research report on Wednesday, December 4th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $50.00 price target on shares of SM Energy in a research note on Tuesday, October 8th. Finally, KeyCorp reduced their price objective 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. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $50.64.

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.