Charles Schwab Investment Management Inc. increased its holdings in shares of SM Energy (NYSE:SM - Free Report) by 1.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,223,038 shares of the energy company's stock after purchasing an additional 22,152 shares during the period. Charles Schwab Investment Management Inc. owned 1.07% of SM Energy worth $48,885,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of SM. Atria Investments Inc acquired a new stake in SM Energy during the 1st quarter worth $1,096,000. Boston Partners raised its position in SM Energy by 6.1% during the 1st quarter. Boston Partners now owns 18,606 shares of the energy company's stock worth $928,000 after buying an additional 1,065 shares during the last quarter. GAMMA Investing LLC raised its position in SM Energy by 17.8% during the 2nd quarter. GAMMA Investing LLC now owns 6,557 shares of the energy company's stock worth $283,000 after buying an additional 989 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its position in SM Energy by 63.9% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 872 shares of the energy company's stock worth $38,000 after buying an additional 340 shares during the last quarter. Finally, Insight Wealth Strategies LLC raised its position in SM Energy by 6.5% during the 2nd quarter. Insight Wealth Strategies LLC now owns 46,499 shares of the energy company's stock worth $2,010,000 after buying an additional 2,840 shares during the last quarter. Institutional investors and hedge funds own 94.56% of the company's stock.
Analyst Upgrades and Downgrades
SM has been the subject of a number of analyst reports. Tudor, Pickering, Holt & Co. upgraded shares of SM Energy from a "hold" rating to a "buy" rating in a research report on Wednesday, August 21st. Royal Bank of Canada restated a "sector perform" rating and set a $50.00 price objective on shares of SM Energy in a research report on Tuesday, October 8th. Tudor Pickering upgraded shares of SM Energy to a "strong-buy" rating in a research report on Wednesday, August 21st. Truist Financial cut their price target on shares of SM Energy from $46.00 to $38.00 and set a "hold" rating for the company in a report on Monday, September 30th. Finally, StockNews.com downgraded shares of SM Energy from a "buy" rating to a "hold" rating in a report on Friday, September 13th. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $51.09.
Check Out Our Latest Stock Analysis on SM Energy
SM Energy Stock Performance
NYSE:SM opened at $45.19 on Friday. The company has a current ratio of 3.52, a quick ratio of 3.52 and a debt-to-equity ratio of 0.67. The firm has a 50-day moving average price of $43.18 and a two-hundred day moving average price of $44.54. SM Energy has a twelve month low of $34.13 and a twelve month high of $53.26. The company has a market capitalization of $5.17 billion, a P/E ratio of 6.31 and a beta of 4.18.
SM Energy (NYSE:SM - Get Free Report) last posted its earnings results on Thursday, October 31st. The energy company reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.10. SM Energy had a net margin of 33.89% and a return on equity of 19.62%. The firm had revenue of $643.60 million during the quarter, compared to the consensus estimate of $643.67 million. During the same period last year, the firm posted $1.73 EPS. The firm's revenue for the quarter was up .4% on a year-over-year basis. As a group, research analysts expect that SM Energy will post 6.77 earnings per share for the current fiscal year.
SM Energy Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, November 4th. Shareholders of record on Friday, October 25th were paid a dividend of $0.20 per share. This is a boost from SM Energy's previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend was Friday, October 25th. SM Energy's dividend payout ratio (DPR) is currently 11.17%.
SM Energy Company Profile
(Free Report)
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.
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