Ironwood Investment Management LLC Grows Stock Holdings in SM Energy Company $SM

Ironwood Investment Management LLC boosted its holdings in SM Energy Company (NYSE:SM) by 65.2% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 56,490 shares of the energy company’s stock after buying an additional 22,300 shares during the period. Ironwood Investment Management LLC’s holdings in SM Energy were worth $1,411,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. First Horizon Corp purchased a new stake in shares of SM Energy during the third quarter worth about $30,000. Jones Financial Companies Lllp lifted its holdings in SM Energy by 316.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,200 shares of the energy company’s stock worth $33,000 after purchasing an additional 912 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in SM Energy by 220.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,430 shares of the energy company’s stock worth $36,000 after purchasing an additional 984 shares in the last quarter. Versant Capital Management Inc boosted its stake in SM Energy by 201.0% in the 3rd quarter. Versant Capital Management Inc now owns 1,776 shares of the energy company’s stock worth $44,000 after purchasing an additional 1,186 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its stake in SM Energy by 36.3% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 2,010 shares of the energy company’s stock worth $50,000 after purchasing an additional 535 shares during the period. Institutional investors own 94.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Weiss Ratings cut shares of SM Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, March 2nd. Zacks Research upgraded shares of SM Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, February 16th. Stephens increased their price objective on shares of SM Energy from $48.00 to $49.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Roth Mkm reaffirmed a “buy” rating and issued a $24.00 target price on shares of SM Energy in a report on Wednesday, February 18th. Finally, Royal Bank Of Canada dropped their price target on SM Energy from $35.00 to $29.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, SM Energy presently has an average rating of “Hold” and a consensus target price of $30.00.

SM Energy Stock Performance

SM Energy stock opened at $25.52 on Friday. SM Energy Company has a 1-year low of $17.45 and a 1-year high of $32.26. The company’s 50-day moving average is $20.94 and its 200 day moving average is $21.77. The firm has a market capitalization of $2.92 billion, a P/E ratio of 4.52 and a beta of 1.03. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.69 and a quick ratio of 0.69.

SM Energy (NYSE:SM) last released its earnings results on Wednesday, February 25th. The energy company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.10. SM Energy had a return on equity of 13.47% and a net margin of 20.55%.The firm had revenue of $704.92 million for the quarter, compared to analysts’ expectations of $764.40 million. During the same quarter in the prior year, the firm posted $1.91 earnings per share. The company’s quarterly revenue was down 17.3% on a year-over-year basis. Research analysts forecast that SM Energy Company will post 8.1 EPS for the current year.

SM Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Monday, March 9th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend 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 dividend payout ratio is 15.58%.

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.