Quantitative Investment Management LLC Makes New $508,000 Investment in SM Energy Company $SM

Quantitative Investment Management LLC bought a new position in SM Energy Company (NYSE:SM) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 19,486 shares of the energy company’s stock, valued at approximately $508,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in shares of SM Energy by 3.8% in the 2nd quarter. GAMMA Investing LLC now owns 10,108 shares of the energy company’s stock worth $264,000 after purchasing an additional 371 shares in the last quarter. Quad Cities Investment Group LLC grew its stake in shares of SM Energy by 2.8% in the 2nd quarter. Quad Cities Investment Group LLC now owns 13,777 shares of the energy company’s stock worth $360,000 after buying an additional 375 shares during the last quarter. Summit Global Investments increased its position in SM Energy by 1.1% during the 4th quarter. Summit Global Investments now owns 46,417 shares of the energy company’s stock valued at $868,000 after buying an additional 489 shares in the last quarter. State of Wyoming increased its position in SM Energy by 22.2% during the 4th quarter. State of Wyoming now owns 2,748 shares of the energy company’s stock valued at $51,000 after buying an additional 499 shares in the last quarter. Finally, Global Retirement Partners LLC raised its stake in SM Energy by 62.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,386 shares of the energy company’s stock valued at $26,000 after buying an additional 535 shares during the last quarter. Hedge funds and other institutional investors own 94.56% of the company’s stock.

SM Energy Stock Up 2.2%

SM stock opened at $38.00 on Wednesday. The stock has a market capitalization of $9.04 billion, a P/E ratio of 7.48 and a beta of 0.73. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.62 and a quick ratio of 0.62. SM Energy Company has a 1-year low of $17.45 and a 1-year high of $38.25. The business has a fifty day moving average price of $31.43 and a 200-day moving average price of $29.66.

SM Energy (NYSE:SM) last released its quarterly earnings data on Wednesday, August 5th. The energy company reported $2.19 EPS for the quarter, beating the consensus estimate of $1.96 by $0.23. SM Energy had a return on equity of 17.93% and a net margin of 18.20%.The company had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.02 billion. During the same period last year, the firm posted $1.50 earnings per share. SM Energy’s revenue was up 215.3% compared to the same quarter last year. Equities analysts forecast that SM Energy Company will post 7.45 earnings per share for the current fiscal year.

SM Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 21st. Stockholders of record on Monday, September 7th will be paid a $0.22 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.3%. SM Energy’s payout ratio is currently 17.32%.

Insider Activity at SM Energy

In other news, EVP James Barker Lebeck sold 17,500 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $37.02, for a total transaction of $647,850.00. Following the completion of the transaction, the executive vice president directly owned 14,705 shares of the company’s stock, valued at $544,379.10. The trade was a 54.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.45% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on SM shares. UBS Group began coverage on SM Energy in a report on Tuesday, July 14th. They set a “buy” rating and a $36.00 price target for the company. Susquehanna upped their price target on shares of SM Energy from $31.00 to $32.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 21st. Raymond James Financial cut their price objective on shares of SM Energy from $55.00 to $48.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 21st. Siebert Williams Shank upgraded shares of SM Energy from a “hold” rating to a “buy” rating and raised their price objective for the company from $30.00 to $41.00 in a research note on Thursday, May 14th. Finally, Stephens decreased their target price on shares of SM Energy from $61.00 to $52.00 and set an “overweight” rating for the company in a report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $37.93.

About SM Energy

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.