Sippican Capital Advisors grew its position in shares of SM Energy Co (NYSE:SM) by 28.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 40,317 shares of the energy company’s stock after acquiring an additional 8,877 shares during the quarter. Sippican Capital Advisors’ holdings in SM Energy were worth $705,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of SM. BlackRock Inc. raised its holdings in SM Energy by 0.8% during the 3rd quarter. BlackRock Inc. now owns 9,088,163 shares of the energy company’s stock valued at $286,549,000 after buying an additional 73,711 shares during the period. LPL Financial LLC purchased a new stake in SM Energy in the third quarter worth $232,000. Paloma Partners Management Co purchased a new stake in SM Energy in the third quarter worth $1,199,000. The Manufacturers Life Insurance Company increased its stake in SM Energy by 4.4% in the third quarter. The Manufacturers Life Insurance Company now owns 170,842 shares of the energy company’s stock worth $5,387,000 after purchasing an additional 7,224 shares during the period. Finally, Pacer Advisors Inc. increased its stake in SM Energy by 12.3% in the third quarter. Pacer Advisors Inc. now owns 36,504 shares of the energy company’s stock worth $1,151,000 after purchasing an additional 4,004 shares during the period.
NYSE SM traded down $0.23 during trading on Wednesday, hitting $17.68. The company’s stock had a trading volume of 41,619 shares, compared to its average volume of 2,325,434. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market cap of $1.99 billion, a PE ratio of 587.00 and a beta of 3.12. SM Energy Co has a fifty-two week low of $13.15 and a fifty-two week high of $33.76.
SM Energy (NYSE:SM) last issued its quarterly earnings results on Wednesday, February 20th. The energy company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.07). The business had revenue of $394.20 million during the quarter, compared to analyst estimates of $373.95 million. SM Energy had a return on equity of 0.15% and a net margin of 24.60%. SM Energy’s revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.08) EPS. On average, sell-side analysts predict that SM Energy Co will post -0.12 earnings per share for the current fiscal year.
The firm also recently declared a semiannual dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Friday, April 26th will be issued a $0.05 dividend. This represents a yield of 0.58%. The ex-dividend date of this dividend is Thursday, April 25th. SM Energy’s dividend payout ratio is presently 333.33%.
A number of research firms have recently issued reports on SM. Barclays set a $26.00 price target on SM Energy and gave the stock a “buy” rating in a research report on Tuesday, February 5th. MKM Partners dropped their price target on SM Energy to $22.00 and set a “buy” rating on the stock in a research report on Friday, February 22nd. Wells Fargo & Co reissued a “buy” rating on shares of SM Energy in a research report on Friday, April 12th. Capital One Financial downgraded SM Energy from an “overweight” rating to an “equal weight” rating in a research report on Thursday, December 20th. Finally, Zacks Investment Research raised SM Energy from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 6th. Eleven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. SM Energy has a consensus rating of “Buy” and a consensus target price of $29.56.
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About SM Energy
SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids in onshore North America. As of December 31, 2018, the company had 503.4 million barrels of oil equivalent of estimated proved reserves; and working interests in 715 gross productive oil wells and 504 gross productive gas wells primarily in the Permian, South Texas, and Gulf Coast regions in the United States.
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