Sippican Capital Advisors Reduces Stock Position in SM Energy (NYSE:SM)

Sippican Capital Advisors trimmed its stake in shares of SM Energy (NYSE:SM) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,325 shares of the energy company’s stock after selling 575 shares during the period. Sippican Capital Advisors’ holdings in SM Energy were worth $633,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SM. Barclays PLC raised its holdings in shares of SM Energy by 47.3% in the third quarter. Barclays PLC now owns 250,218 shares of the energy company’s stock worth $10,002,000 after acquiring an additional 80,343 shares during the last quarter. National Bank of Canada FI acquired a new position in SM Energy in the 3rd quarter valued at about $259,000. Los Angeles Capital Management LLC lifted its holdings in SM Energy by 79.2% in the 3rd quarter. Los Angeles Capital Management LLC now owns 65,421 shares of the energy company’s stock valued at $2,615,000 after purchasing an additional 28,920 shares in the last quarter. World Investment Advisors LLC acquired a new stake in shares of SM Energy during the 3rd quarter worth about $3,048,000. Finally, Janney Montgomery Scott LLC grew its holdings in shares of 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. Hedge funds and other institutional investors own 94.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SM. Wells Fargo & Company decreased their price target on shares of SM Energy from $47.00 to $45.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 17th. Mizuho dropped their price target on SM Energy from $57.00 to $55.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. TD Cowen raised SM Energy from a “hold” rating to a “buy” rating and reduced their price objective for the company from $64.00 to $60.00 in a research note on Tuesday, October 15th. Truist Financial increased their target price on shares of SM Energy from $42.00 to $45.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Finally, KeyCorp decreased their price objective on shares of SM Energy from $65.00 to $60.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Seven analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $51.90.

SM Energy Stock Up 1.0 %

SM opened at $40.07 on Thursday. The company has a market capitalization of $4.58 billion, a PE ratio of 5.60 and a beta of 4.14. 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 fifty-two week low of $34.90 and a fifty-two week high of $53.26. The business has a 50-day moving average of $41.30 and a 200-day moving average of $42.57.

SM Energy (NYSE:SM) last released its quarterly earnings results on Thursday, October 31st. The energy company reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.10. The business had revenue of $643.60 million for the quarter, compared to the consensus estimate of $643.67 million. SM Energy had a net margin of 33.89% and a return on equity of 19.62%. SM Energy’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter last year, the firm earned $1.73 EPS. Equities research analysts forecast that SM Energy will post 6.76 EPS for the current fiscal year.

SM Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 24th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date is Friday, January 24th. SM Energy’s dividend payout ratio (DPR) is 11.17%.

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.