Kingsview Wealth Management LLC cut its stake in SM Energy (NYSE:SM – Free Report) by 87.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,827 shares of the energy company’s stock after selling 33,631 shares during the quarter. Kingsview Wealth Management LLC’s holdings in SM Energy were worth $241,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Register Financial Advisors LLC purchased a new stake in shares of SM Energy during the first quarter worth about $25,000. Hexagon Capital Partners LLC grew its stake in shares of SM Energy by 509.7% during the first quarter. Hexagon Capital Partners LLC now owns 567 shares of the energy company’s stock worth $28,000 after acquiring an additional 474 shares during the last quarter. Lindbrook Capital LLC grew its stake in shares of SM Energy by 54.9% during the first quarter. Lindbrook Capital LLC now owns 581 shares of the energy company’s stock worth $29,000 after acquiring an additional 206 shares during the last quarter. Global Retirement Partners LLC grew its stake in shares of SM Energy by 665.6% during the first quarter. Global Retirement Partners LLC now owns 689 shares of the energy company’s stock worth $34,000 after acquiring an additional 599 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. purchased a new stake in shares of SM Energy during the fourth quarter worth about $41,000. 94.56% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
SM has been the subject of a number of research reports. Wells Fargo & Company lifted their target price on SM Energy from $45.00 to $51.00 and gave the stock an “equal weight” rating in a report on Thursday, April 18th. Stephens reaffirmed an “overweight” rating and set a $63.00 target price on shares of SM Energy in a report on Thursday, June 27th. Susquehanna lifted their target price on SM Energy from $42.00 to $51.00 and gave the stock a “neutral” rating in a report on Monday, April 22nd. Truist Financial decreased their target price on SM Energy from $49.00 to $46.00 and set a “hold” rating for the company in a report on Monday. Finally, StockNews.com downgraded SM Energy from a “buy” rating to a “hold” rating in a report on Tuesday, July 9th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $54.56.
Get Our Latest Analysis on SM Energy
SM Energy Trading Down 0.5 %
Shares of NYSE:SM opened at $46.41 on Tuesday. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43. The business has a 50 day moving average of $47.09 and a two-hundred day moving average of $45.19. The company has a market capitalization of $5.34 billion, a PE ratio of 7.27 and a beta of 4.20. SM Energy has a 12-month low of $34.13 and a 12-month high of $53.26.
SM Energy (NYSE:SM – Get Free Report) last issued its earnings results on Thursday, May 2nd. The energy company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.13. The company had revenue of $559.87 million during the quarter, compared to analysts’ expectations of $568.21 million. SM Energy had a return on equity of 20.10% and a net margin of 31.80%. As a group, analysts forecast that SM Energy will post 7.3 EPS for the current year.
SM Energy Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, August 5th. Shareholders of record on Friday, July 19th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Friday, July 19th. SM Energy’s payout ratio is currently 11.29%.
Insider Buying and Selling at SM Energy
In other SM Energy news, SVP Kenneth J. Knott sold 16,000 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $50.28, for a total value of $804,480.00. Following the completion of the sale, the senior vice president now directly owns 114,495 shares in the company, valued at approximately $5,756,808.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.50% of the stock is owned by company insiders.
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.
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