167,250 Shares in SM Energy Company $SM Acquired by CSM Advisors LLC

CSM Advisors LLC acquired a new stake in SM Energy Company (NYSE:SM) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 167,250 shares of the energy company’s stock, valued at approximately $4,134,000. CSM Advisors LLC owned approximately 0.15% of SM Energy as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SM. Vanguard Group Inc. raised its position in shares of SM Energy by 0.5% in the first quarter. Vanguard Group Inc. now owns 15,269,443 shares of the energy company’s stock valued at $457,320,000 after buying an additional 69,933 shares during the last quarter. American Century Companies Inc. raised its holdings in SM Energy by 6.2% in the 1st quarter. American Century Companies Inc. now owns 3,909,004 shares of the energy company’s stock valued at $117,075,000 after acquiring an additional 226,911 shares during the last quarter. Westwood Holdings Group Inc. raised its holdings in SM Energy by 51.4% in the 1st quarter. Westwood Holdings Group Inc. now owns 3,207,245 shares of the energy company’s stock valued at $96,057,000 after acquiring an additional 1,088,948 shares during the last quarter. Millennium Management LLC lifted its stake in SM Energy by 663.7% in the 1st quarter. Millennium Management LLC now owns 1,884,536 shares of the energy company’s stock worth $56,442,000 after purchasing an additional 1,637,779 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of SM Energy by 169.4% during the 1st quarter. Invesco Ltd. now owns 1,873,860 shares of the energy company’s stock worth $56,122,000 after purchasing an additional 1,178,397 shares during the last quarter. Institutional investors and hedge funds own 94.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on SM shares. Susquehanna cut their price target on SM Energy to $27.00 and set a “neutral” rating for the company in a report on Monday, October 20th. Zacks Research raised SM Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, November 3rd. Royal Bank Of Canada lifted their price target on SM Energy from $34.00 to $35.00 and gave the stock a “sector perform” rating in a report on Thursday, October 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of SM Energy in a report on Wednesday, October 8th. Finally, Roth Capital set a $28.00 price objective on shares of SM Energy in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $36.64.

SM Energy Stock Performance

NYSE SM opened at $18.30 on Monday. The stock has a fifty day simple moving average of $24.09 and a 200-day simple moving average of $25.13. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.59. The stock has a market cap of $2.10 billion, a PE ratio of 2.58 and a beta of 2.29. SM Energy Company has a twelve month low of $17.58 and a twelve month high of $46.42.

SM Energy (NYSE:SM) last posted its earnings results on Tuesday, November 4th. The energy company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.08. The company had revenue of $811.59 million for the quarter, compared to analysts’ expectations of $838.24 million. SM Energy had a net margin of 25.94% and a return on equity of 18.06%. SM Energy’s revenue for the quarter was up 26.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.62 earnings per share. Equities analysts anticipate that SM Energy Company will post 8.1 earnings per share for the current year.

SM Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 3rd. Stockholders of record on Friday, October 17th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Friday, October 17th. SM Energy’s dividend payout ratio is currently 12.62%.

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.