Grantham Mayo Van Otterloo & Co. LLC Sells 40,200 Shares of SM Energy Company $SM

Grantham Mayo Van Otterloo & Co. LLC cut its stake in shares of SM Energy Company (NYSE:SM) by 10.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 335,805 shares of the energy company’s stock after selling 40,200 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.29% of SM Energy worth $8,385,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Balyasny Asset Management L.P. bought a new stake in shares of SM Energy in the 2nd quarter valued at about $25,179,000. Arrowstreet Capital Limited Partnership increased its stake in SM Energy by 182.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,082,414 shares of the energy company’s stock valued at $26,746,000 after purchasing an additional 699,115 shares in the last quarter. Tributary Capital Management LLC raised its holdings in SM Energy by 136.8% in the third quarter. Tributary Capital Management LLC now owns 1,185,762 shares of the energy company’s stock worth $29,608,000 after purchasing an additional 685,118 shares during the period. Westwood Holdings Group Inc. raised its holdings in SM Energy by 16.3% in the second quarter. Westwood Holdings Group Inc. now owns 3,731,350 shares of the energy company’s stock worth $92,202,000 after purchasing an additional 524,105 shares during the period. Finally, Invesco Ltd. boosted its position in shares of SM Energy by 22.2% during the second quarter. Invesco Ltd. now owns 2,289,314 shares of the energy company’s stock worth $56,569,000 after purchasing an additional 415,454 shares in the last quarter. Institutional investors and hedge funds own 94.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SM. Stephens upped their price objective on shares of SM Energy from $48.00 to $49.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. TD Cowen upgraded SM Energy to a “strong-buy” rating in a report on Monday, February 9th. Roth Mkm reiterated a “buy” rating and set a $24.00 price objective on shares of SM Energy in a report on Wednesday, February 18th. Siebert Williams Shank lowered SM Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Finally, Royal Bank Of Canada dropped their target price on shares of SM Energy from $35.00 to $29.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $31.22.

SM Energy Stock Performance

Shares of SM stock opened at $26.02 on Tuesday. SM Energy Company has a 12 month low of $17.45 and a 12 month high of $32.26. The company’s fifty day simple moving average is $20.54 and its 200-day simple moving average is $21.74. The firm has a market cap of $2.98 billion, a PE ratio of 4.60 and a beta of 1.03. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.48.

SM Energy (NYSE:SM) last issued its quarterly earnings results on Wednesday, February 25th. The energy company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.10. SM Energy had a net margin of 20.55% and a return on equity of 13.47%. The firm had revenue of $704.92 million for the quarter, compared to analyst estimates of $764.40 million. During the same period in the previous year, the business earned $1.91 EPS. The company’s revenue was down 17.3% compared to the same quarter last year. Equities research analysts expect that SM Energy Company will post 8.1 EPS for the current fiscal year.

SM Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Monday, March 9th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.4%. This is a boost from SM Energy’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, March 9th. SM Energy’s payout ratio is currently 14.16%.

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.