SM Energy Company $SM Shares Sold by Aventail Capital Group LP

Aventail Capital Group LP reduced its holdings in shares of SM Energy Company (NYSE:SM) by 75.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 41,650 shares of the energy company’s stock after selling 125,854 shares during the period. Aventail Capital Group LP’s holdings in SM Energy were worth $1,040,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Balyasny Asset Management L.P. acquired a new stake in shares of SM Energy during the second quarter worth about $25,179,000. Arrowstreet Capital Limited Partnership increased its position in SM Energy by 182.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,082,414 shares of the energy company’s stock valued at $26,746,000 after acquiring an additional 699,115 shares during the period. Tributary Capital Management LLC raised its stake in SM Energy by 136.8% during the 3rd quarter. Tributary Capital Management LLC now owns 1,185,762 shares of the energy company’s stock valued at $29,608,000 after acquiring an additional 685,118 shares during the last quarter. Bank of America Corp DE raised its stake in SM Energy by 53.5% during the 3rd quarter. Bank of America Corp DE now owns 1,756,496 shares of the energy company’s stock valued at $43,860,000 after acquiring an additional 612,444 shares during the last quarter. Finally, Westwood Holdings Group Inc. lifted its position in SM Energy by 16.3% during the 2nd quarter. Westwood Holdings Group Inc. now owns 3,731,350 shares of the energy company’s stock worth $92,202,000 after acquiring an additional 524,105 shares during the period. 94.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on SM shares. Susquehanna lowered their target price on SM Energy from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Monday, January 26th. Zacks Research raised SM Energy from a “strong sell” rating to a “hold” rating in a report on Monday, February 16th. Stephens lifted 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. Siebert Williams Shank lowered shares of SM Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Finally, Roth Mkm reissued a “buy” rating and issued a $24.00 price objective on shares of SM Energy in a research note on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $30.00.

SM Energy Price Performance

Shares of SM opened at $26.79 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.48. The stock’s 50 day moving average is $21.09 and its two-hundred day moving average is $21.72. SM Energy Company has a twelve month low of $17.45 and a twelve month high of $32.26. The firm has a market capitalization of $3.07 billion, a PE ratio of 4.74 and a beta of 1.03.

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

SM Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Monday, March 9th will be given a $0.22 dividend. The ex-dividend date is Monday, March 9th. This is a positive change from SM Energy’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a yield of 3.3%. SM Energy’s dividend payout ratio (DPR) is currently 15.58%.

SM Energy Company Profile

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.