Quantinno Capital Management LP Increases Stock Holdings in SM Energy Company $SM

Quantinno Capital Management LP grew its holdings in shares of SM Energy Company (NYSE:SM) by 281.9% during the first quarter, Holdings Channel reports. The firm owned 101,624 shares of the energy company’s stock after purchasing an additional 75,014 shares during the quarter. Quantinno Capital Management LP’s holdings in SM Energy were worth $3,169,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Summit Global Investments grew its holdings in shares of SM Energy by 1.1% in the fourth quarter. Summit Global Investments now owns 46,417 shares of the energy company’s stock valued at $868,000 after purchasing an additional 489 shares in the last quarter. State of Wyoming lifted its holdings in SM Energy by 22.2% during the 4th quarter. State of Wyoming now owns 2,748 shares of the energy company’s stock worth $51,000 after buying an additional 499 shares in the last quarter. Global Retirement Partners LLC boosted its position in SM Energy by 62.9% in the 4th 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 period. First Horizon Corp boosted its position in SM Energy by 57.4% in the 4th quarter. First Horizon Corp now owns 1,860 shares of the energy company’s stock valued at $35,000 after buying an additional 678 shares during the period. Finally, ProShare Advisors LLC grew its stake in shares of SM Energy by 3.2% in the fourth quarter. ProShare Advisors LLC now owns 22,211 shares of the energy company’s stock worth $415,000 after acquiring an additional 687 shares in the last quarter. Institutional investors and hedge funds own 94.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on SM shares. Zacks Research lowered SM Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Raymond James Financial lowered their target price on SM Energy from $55.00 to $48.00 and set an “outperform” rating for the company in a research note on Tuesday, July 21st. Wall Street Zen upgraded SM Energy from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. UBS Group began coverage on SM Energy in a research report on Tuesday, July 14th. They issued a “buy” rating and a $36.00 price target on the stock. Finally, Mizuho upgraded SM Energy to a “strong-buy” rating in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.53.

SM Energy Price Performance

SM Energy stock opened at $28.89 on Friday. The company has a current ratio of 0.62, a quick ratio of 0.39 and a debt-to-equity ratio of 0.85. The company has a fifty day simple moving average of $29.79 and a 200-day simple moving average of $27.71. The stock has a market cap of $6.93 billion, a P/E ratio of 5.69 and a beta of 0.73. SM Energy Company has a 12-month low of $17.45 and a 12-month high of $35.88.

SM Energy (NYSE:SM) last posted its quarterly earnings results on Wednesday, August 5th. The energy company reported $2.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.23. The company had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.02 billion. SM Energy had a return on equity of 17.93% and a net margin of 18.20%.SM Energy’s quarterly revenue was up 215.3% on a year-over-year basis. During the same period last year, the firm earned $1.50 earnings per share. Equities analysts expect that SM Energy Company will post 6.95 EPS for the current fiscal year.

SM Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Monday, June 8th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, June 8th. SM Energy’s dividend payout ratio (DPR) is 17.32%.

Insider Buying and Selling at SM Energy

In related news, Director Ramiro G. Peru sold 24,553 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $33.98, for a total transaction of $834,310.94. Following the completion of the sale, the director owned 65,964 shares in the company, valued at $2,241,456.72. The trade was a 27.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.45% of the company’s stock.

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.