SM Energy Company $SM Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC grew its position in shares of SM Energy Company (NYSE:SM) by 321.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 61,463 shares of the energy company’s stock after acquiring an additional 46,893 shares during the period. Hsbc Holdings PLC’s holdings in SM Energy were worth $1,526,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Blair William & Co. IL increased its position in SM Energy by 13.4% during the 1st quarter. Blair William & Co. IL now owns 12,733 shares of the energy company’s stock worth $381,000 after purchasing an additional 1,508 shares in the last quarter. Vanguard Group Inc. grew its stake in SM Energy by 0.5% during the first quarter. Vanguard Group Inc. now owns 15,269,443 shares of the energy company’s stock worth $457,320,000 after buying an additional 69,933 shares during the period. National Bank of Canada FI lifted its holdings in shares of SM Energy by 12.9% during the 1st quarter. National Bank of Canada FI now owns 7,872 shares of the energy company’s stock valued at $236,000 after acquiring an additional 897 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of SM Energy by 1,363.9% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 284,339 shares of the energy company’s stock valued at $8,516,000 after acquiring an additional 264,915 shares in the last quarter. Finally, Invesco Ltd. boosted its position in SM Energy by 169.4% during the 1st quarter. Invesco Ltd. now owns 1,873,860 shares of the energy company’s stock worth $56,122,000 after purchasing an additional 1,178,397 shares during the period. 94.56% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SM has been the topic of several research reports. Wells Fargo & Company cut their price objective on SM Energy from $30.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Friday, October 17th. Mizuho set a $38.00 target price on SM Energy in a report on Friday, October 10th. Susquehanna reduced their price target on SM Energy to $27.00 and set a “neutral” rating on the stock in a research report on Monday, October 20th. Royal Bank Of Canada increased their price objective on shares of SM Energy from $34.00 to $35.00 and gave the company a “sector perform” rating in a research report on Thursday, October 9th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of SM Energy in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $36.64.

SM Energy Price Performance

Shares of NYSE SM opened at $20.13 on Monday. SM Energy Company has a fifty-two week low of $17.58 and a fifty-two week high of $44.95. The business has a 50 day moving average price of $20.82 and a two-hundred day moving average price of $24.50. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.49. The firm has a market cap of $2.31 billion, a PE ratio of 3.17 and a beta of 1.16.

SM Energy (NYSE:SM) last announced its earnings results on Monday, November 3rd. The energy company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.08. SM Energy had a return on equity of 16.67% and a net margin of 22.03%.The company had revenue of $811.59 million for the quarter, compared to analyst estimates of $838.24 million. During the same period in the prior year, the company posted $1.62 EPS. SM Energy’s quarterly revenue was up 26.1% on a year-over-year basis. Sell-side analysts expect that SM Energy Company will post 8.1 earnings per share for the current fiscal year.

SM Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 3rd. Shareholders of record on Friday, October 17th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Friday, October 17th. SM Energy’s dividend payout ratio is 12.62%.

SM Energy Profile

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.