Strs Ohio Has $376,000 Stock Holdings in SM Energy Company $SM

Strs Ohio lifted its stake in shares of SM Energy Company (NYSE:SM) by 2,412.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 20,100 shares of the energy company’s stock after buying an additional 19,300 shares during the quarter. Strs Ohio’s holdings in SM Energy were worth $376,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. First National Advisers LLC lifted its stake in shares of SM Energy by 4.8% during the 3rd quarter. First National Advisers LLC now owns 12,604 shares of the energy company’s stock worth $315,000 after buying an additional 578 shares during the last quarter. Meeder Asset Management Inc. lifted its stake in shares of SM Energy by 1.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 44,701 shares of the energy company’s stock worth $1,116,000 after buying an additional 650 shares during the last quarter. First Horizon Corp lifted its stake in shares of SM Energy by 57.4% during the 4th quarter. First Horizon Corp now owns 1,860 shares of the energy company’s stock worth $35,000 after buying an additional 678 shares during the last quarter. Hodges Capital Management Inc. lifted its stake in shares of SM Energy by 1.0% during the 3rd quarter. Hodges Capital Management Inc. now owns 74,613 shares of the energy company’s stock worth $1,863,000 after buying an additional 705 shares during the last quarter. Finally, US Bancorp DE lifted its stake in shares of SM Energy by 1.5% during the 3rd quarter. US Bancorp DE now owns 48,942 shares of the energy company’s stock worth $1,222,000 after buying an additional 720 shares during the last quarter. Institutional investors and hedge funds own 94.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SM. BMO Capital Markets raised their target price on shares of SM Energy from $26.00 to $33.00 and gave the stock a “market perform” rating in a research note on Thursday, April 2nd. Roth Mkm reaffirmed a “neutral” rating and set a $33.00 price target (up from $24.00) on shares of SM Energy in a research report on Wednesday, April 8th. Weiss Ratings raised shares of SM Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, March 17th. Wells Fargo & Company raised their price target on shares of SM Energy from $25.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 21st. Finally, Wall Street Zen raised shares of SM Energy from a “hold” rating to a “buy” rating in a research report on Saturday. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.62.

SM Energy Price Performance

SM stock opened at $29.42 on Monday. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.98. SM Energy Company has a 12 month low of $17.45 and a 12 month high of $33.25. The firm has a market cap of $7.05 billion, a P/E ratio of 12.36 and a beta of 0.73. The company’s 50-day moving average price is $28.12 and its two-hundred day moving average price is $22.56.

SM Energy (NYSE:SM) last released its earnings results on Wednesday, May 6th. The energy company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.13 by $0.42. SM Energy had a net margin of 3.45% and a return on equity of 13.93%. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period last year, the firm earned $1.76 EPS. The business’s quarterly revenue was up 75.0% compared to the same quarter last year. On average, analysts anticipate that SM Energy Company will post 6.86 earnings per share for the current fiscal year.

SM Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 23rd. Investors of record on Monday, March 9th were issued a dividend of $0.22 per share. This is a boost from SM Energy’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Monday, March 9th. This represents a $0.88 annualized dividend and a dividend yield of 3.0%. SM Energy’s payout ratio is presently 36.97%.

SM Energy Profile

SM Energy Company (NYSE: SM) is an independent energy firm engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company focuses on identifying and exploiting unconventional onshore basins, leveraging advanced drilling and completion techniques to optimize resource recovery. SM Energy’s operations are supported by an integrated approach to reservoir management and strategic midstream partnerships, enabling efficient transportation and marketing of hydrocarbons.

The company’s core asset areas include prolific basins such as the Permian, Eagle Ford, and the Rocky Mountain region.