Compound Planning Inc. Makes New $616,000 Investment in SM Energy Company $SM

Compound Planning Inc. bought a new stake in shares of SM Energy Company (NYSE:SM) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 19,746 shares of the energy company’s stock, valued at approximately $616,000.

Other institutional investors have also recently made changes to their positions in the company. NBC Securities Inc. grew its stake in shares of SM Energy by 160.5% in the fourth quarter. NBC Securities Inc. now owns 1,347 shares of the energy company’s stock worth $25,000 after acquiring an additional 830 shares during the period. SBI Securities Co. Ltd. raised its holdings in shares of 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 purchasing an additional 1,360 shares during the last quarter. Torren Management LLC lifted its position in SM Energy by 4,561.1% during the first quarter. Torren Management LLC now owns 839 shares of the energy company’s stock valued at $26,000 after purchasing an additional 821 shares during the period. Global Retirement Partners LLC lifted its position in SM Energy by 62.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,386 shares of the energy company’s stock valued at $26,000 after purchasing an additional 535 shares during the period. Finally, Center for Financial Planning Inc. bought a new position in SM Energy during the first quarter valued at approximately $31,000. Hedge funds and other institutional investors own 94.56% of the company’s stock.

SM Energy Stock Performance

Shares of NYSE SM opened at $29.76 on Wednesday. SM Energy Company has a 12-month low of $17.45 and a 12-month high of $35.88. The firm has a market capitalization of $7.13 billion, a price-to-earnings ratio of 12.50 and a beta of 0.73. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.98. The firm has a 50 day moving average of $30.08 and a 200 day moving average of $27.07.

SM Energy (NYSE:SM) last released its quarterly earnings results on Wednesday, May 6th. The energy company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.42. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.42 billion. SM Energy had a net margin of 3.45% and a return on equity of 13.93%. The company’s quarterly revenue was up 75.0% on a year-over-year basis. During the same period last year, the firm earned $1.76 earnings per share. On average, research analysts anticipate that SM Energy Company will post 6.95 earnings per share for the current year.

SM Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Monday, June 8th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Monday, June 8th. SM Energy’s dividend payout ratio (DPR) is currently 36.97%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Truist Financial cut their target price on shares of SM Energy from $39.00 to $37.00 and set a “buy” rating for the company in a research report on Tuesday, July 7th. Stephens lowered their price target on SM Energy from $61.00 to $52.00 and set an “overweight” rating on the stock in a report on Tuesday, July 7th. KeyCorp raised their price target on SM Energy from $29.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday, April 2nd. Wall Street Zen raised SM Energy from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Mizuho reduced their price objective on SM Energy from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Tuesday, July 7th. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, SM Energy has an average rating of “Moderate Buy” and an average price target of $36.53.

Insider Buying and Selling

In related news, Director Ramiro G. Peru sold 24,553 shares of SM Energy stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $33.98, for a total transaction of $834,310.94. Following the transaction, the director directly owned 65,964 shares in the company, valued at approximately $2,241,456.72. The trade was a 27.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.45% of the company’s stock.

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.