Hsbc Holdings PLC Has $1.86 Million Holdings in SM Energy Company $SM

Hsbc Holdings PLC cut its holdings in SM Energy Company (NYSE:SM) by 70.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,225 shares of the energy company’s stock after selling 143,752 shares during the period. Hsbc Holdings PLC’s holdings in SM Energy were worth $1,861,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Millennium Management LLC raised its holdings in SM Energy by 205.1% during the fourth quarter. Millennium Management LLC now owns 2,835,718 shares of the energy company’s stock valued at $53,028,000 after buying an additional 1,906,255 shares in the last quarter. Alyeska Investment Group L.P. boosted its stake in shares of SM Energy by 268.3% during the 4th quarter. Alyeska Investment Group L.P. now owns 2,271,757 shares of the energy company’s stock worth $42,482,000 after acquiring an additional 1,654,891 shares in the last quarter. Woodline Partners LP boosted its stake in shares of SM Energy by 198.9% during the 3rd quarter. Woodline Partners LP now owns 2,429,518 shares of the energy company’s stock worth $60,665,000 after acquiring an additional 1,616,822 shares in the last quarter. Sagefield Capital LP acquired a new position in shares of SM Energy during the 4th quarter valued at about $20,275,000. Finally, Balyasny Asset Management L.P. acquired a new position in shares of SM Energy during the 2nd quarter valued at about $25,179,000. 94.56% of the stock is owned by institutional investors and hedge funds.

SM Energy Price Performance

NYSE SM opened at $33.19 on Monday. The stock has a 50-day simple moving average of $30.23 and a 200 day simple moving average of $26.90. SM Energy Company has a twelve month low of $17.45 and a twelve month high of $35.88. The stock has a market capitalization of $7.96 billion, a PE ratio of 13.94 and a beta of 0.73. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.39 and a current ratio of 0.39.

SM Energy (NYSE:SM) last released its earnings results on Wednesday, May 6th. The energy company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.42. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.42 billion. SM Energy had a return on equity of 13.93% and a net margin of 3.45%.The company’s revenue was up 75.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.76 EPS. Research analysts anticipate that SM Energy Company will post 6.95 EPS for the current year.

SM Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Monday, June 8th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, June 8th. SM Energy’s dividend payout ratio is currently 36.97%.

Insider Buying and Selling at SM Energy

In other news, Director Ramiro G. Peru sold 24,553 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $33.98, for a total value of $834,310.94. Following the sale, the director owned 65,964 shares in the company, valued at approximately $2,241,456.72. This trade represents a 27.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.45% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. UBS Group assumed coverage on SM Energy in a research note on Tuesday, July 14th. They issued a “buy” rating and a $36.00 price objective on the stock. Stephens dropped their price target on shares of SM Energy from $61.00 to $52.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 7th. Roth Capital upgraded shares of SM Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $30.00 to $32.00 in a research note on Monday, June 22nd. Raymond James Financial decreased their price objective on shares of SM Energy from $55.00 to $48.00 and set an “outperform” rating for the company in a report on Tuesday, July 21st. Finally, BMO Capital Markets raised their target price on shares of SM Energy from $26.00 to $33.00 and gave the company a “market perform” rating in a research note on Thursday, April 2nd. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, SM Energy has a consensus rating of “Moderate Buy” and an average target price of $36.53.

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.