Glenmede Trust Co. NA Acquires 10,728 Shares of SM Energy (NYSE:SM)

Glenmede Trust Co. NA increased its holdings in shares of SM Energy (NYSE:SM) by 2.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 432,825 shares of the energy company’s stock after acquiring an additional 10,728 shares during the period. Glenmede Trust Co. NA owned about 0.38% of SM Energy worth $17,300,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of SM. O Shaughnessy Asset Management LLC purchased a new stake in SM Energy in the 1st quarter valued at about $228,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of SM Energy by 19.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 764,118 shares of the energy company’s stock valued at $38,093,000 after purchasing an additional 124,450 shares during the period. Atria Investments Inc bought a new position in SM Energy in the first quarter worth approximately $1,096,000. Boston Partners increased its holdings in SM Energy by 6.1% during the 1st quarter. Boston Partners now owns 18,606 shares of the energy company’s stock worth $928,000 after purchasing an additional 1,065 shares during the period. Finally, GAMMA Investing LLC raised its position in SM Energy by 17.8% during the 2nd quarter. GAMMA Investing LLC now owns 6,557 shares of the energy company’s stock valued at $283,000 after purchasing an additional 989 shares in the last quarter. Hedge funds and other institutional investors own 94.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on SM shares. Mizuho dropped their price target on SM Energy from $62.00 to $57.00 and set an “outperform” rating on the stock in a research report on Monday, September 16th. Susquehanna cut their target price 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. TD Cowen upgraded shares of SM Energy from a “hold” rating to a “buy” rating and reduced their price target for the company from $64.00 to $60.00 in a report on Tuesday, October 15th. Royal Bank of Canada reiterated a “sector perform” rating and set a $50.00 price objective on shares of SM Energy in a research note on Tuesday, October 8th. Finally, StockNews.com downgraded shares of SM Energy from a “buy” rating to a “hold” rating in a research note on Friday, September 13th. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, SM Energy presently has an average rating of “Moderate Buy” and an average price target of $51.09.

SM Energy Price Performance

Shares of NYSE SM opened at $44.83 on Friday. SM Energy has a fifty-two week low of $34.13 and a fifty-two week high of $53.26. The company has a market cap of $5.13 billion, a PE ratio of 6.26 and a beta of 4.18. The company has a debt-to-equity ratio of 0.67, a quick ratio of 3.52 and a current ratio of 3.52. The business has a 50-day simple moving average of $43.04 and a two-hundred day simple moving average of $44.56.

SM Energy (NYSE:SM) last released its earnings results on Thursday, October 31st. The energy company reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.10. SM Energy had a net margin of 33.89% and a return on equity of 19.62%. The company had revenue of $643.60 million during the quarter, compared to analysts’ expectations of $643.67 million. During the same period last year, the business earned $1.73 EPS. SM Energy’s revenue for the quarter was up .4% on a year-over-year basis. As a group, equities analysts expect that SM Energy will post 6.77 EPS for the current fiscal year.

SM Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 4th. Stockholders 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 is a positive change from SM Energy’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.78%. SM Energy’s payout ratio is 11.17%.

SM Energy 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.