LSV Asset Management Cuts Stock Holdings in SM Energy Company $SM

LSV Asset Management trimmed its holdings in shares of SM Energy Company (NYSE:SM) by 6.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 415,900 shares of the energy company’s stock after selling 28,400 shares during the period. LSV Asset Management’s holdings in SM Energy were worth $7,777,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SM. NBC Securities Inc. boosted its position in SM Energy by 160.5% during the fourth quarter. NBC Securities Inc. now owns 1,347 shares of the energy company’s stock valued at $25,000 after buying an additional 830 shares during the period. SBI Securities Co. Ltd. boosted its position in SM Energy by 10,461.5% during the fourth quarter. SBI Securities Co. Ltd. now owns 1,373 shares of the energy company’s stock valued at $26,000 after buying an additional 1,360 shares during the period. Global Retirement Partners LLC boosted its holdings in shares of SM Energy by 62.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,386 shares of the energy company’s stock worth $26,000 after purchasing an additional 535 shares during the period. Johnson Financial Group Inc. bought a new stake in shares of SM Energy in the third quarter worth about $31,000. Finally, Jones Financial Companies Lllp increased its holdings in SM Energy by 316.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,200 shares of the energy company’s stock valued at $33,000 after purchasing an additional 912 shares during the period. 94.56% of the stock is currently owned by hedge funds and other institutional investors.

SM Energy Stock Performance

Shares of SM opened at $33.80 on Tuesday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.39 and a quick ratio of 0.39. SM Energy Company has a one year low of $17.45 and a one year high of $35.88. The company has a 50-day simple moving average of $30.05 and a two-hundred day simple moving average of $23.57. The firm has a market capitalization of $8.10 billion, a PE ratio of 14.20 and a beta of 0.73.

SM Energy (NYSE:SM) last issued its quarterly earnings data on Wednesday, May 6th. The energy company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.13 by $0.42. SM Energy had a net margin of 3.45% and a return on equity of 13.93%. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period last year, the business posted $1.76 earnings per share. SM Energy’s quarterly revenue was up 75.0% compared to the same quarter last year. On average, analysts anticipate that SM Energy Company will post 7.47 EPS for the current fiscal year.

Insider Buying and Selling

In other SM Energy news, Director Ramiro G. Peru sold 24,553 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $33.98, for a total value of $834,310.94. Following the completion of the sale, the director directly owned 65,964 shares in the company, valued at $2,241,456.72. This trade represents a 27.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.45% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SM. National Bank Financial set a $30.00 price target on SM Energy in a report on Tuesday, March 17th. Zacks Research upgraded SM Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 7th. Raymond James Financial upgraded SM Energy from an “underperform” rating to an “outperform” rating and set a $55.00 price target on the stock in a report on Wednesday, May 20th. TD Cowen reduced their price target on SM Energy from $36.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, March 17th. Finally, Susquehanna boosted their price target on SM Energy from $30.00 to $31.00 and gave the company a “neutral” rating in a report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $36.79.

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.