Sanctuary Advisors LLC Buys Shares of 13,792 SM Energy Company $SM

Sanctuary Advisors LLC purchased a new position in shares of SM Energy Company (NYSE:SM) during the second quarter, Holdings Channel reports. The institutional investor purchased 13,792 shares of the energy company’s stock, valued at approximately $360,000.

Several other institutional investors have also recently made changes to their positions in SM. Torren Management LLC raised its holdings in shares of SM Energy by 4,561.1% in the first quarter. Torren Management LLC now owns 839 shares of the energy company’s stock valued at $26,000 after acquiring an additional 821 shares in the last quarter. Center for Financial Planning Inc. bought a new position in SM Energy during the 1st quarter worth about $31,000. Valued Wealth Advisors LLC bought a new position in SM Energy during the 1st quarter worth about $33,000. Kilter Group LLC purchased a new position in SM Energy during the 2nd quarter valued at about $28,000. Finally, Assetmark Inc. bought a new stake in shares of SM Energy in the 1st quarter valued at about $35,000. Hedge funds and other institutional investors own 94.56% of the company’s stock.

Insiders Place Their Bets

In related news, EVP James Barker Lebeck sold 17,500 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $37.02, for a total transaction of $647,850.00. Following the transaction, the executive vice president directly owned 14,705 shares of the company’s stock, valued at $544,379.10. This represents a 54.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.45% of the stock is currently owned by company insiders.

SM Energy Trading Down 0.1%

NYSE SM opened at $36.59 on Monday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.85. The firm has a market cap of $8.70 billion, a PE ratio of 7.20 and a beta of 0.73. The company has a 50 day moving average price of $31.02 and a 200 day moving average price of $29.43. SM Energy Company has a 52 week low of $17.45 and a 52 week high of $38.25.

SM Energy (NYSE:SM) last announced its earnings results on Wednesday, August 5th. The energy company reported $2.19 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.23. The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.02 billion. SM Energy had a net margin of 18.20% and a return on equity of 17.93%. SM Energy’s revenue was up 215.3% compared to the same quarter last year. During the same period last year, the firm earned $1.50 earnings per share. As a group, sell-side analysts forecast that SM Energy Company will post 7.45 EPS for the current fiscal year.

SM Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 21st. Investors of record on Monday, September 7th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, September 4th. SM Energy’s payout ratio is 17.32%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on SM shares. Truist Financial upped their price target on shares of SM Energy from $37.00 to $43.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. UBS Group assumed coverage on shares of SM Energy in a report on Tuesday, July 14th. They set a “buy” rating and a $36.00 price objective on the stock. Susquehanna boosted their price objective on shares of SM Energy from $31.00 to $32.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 21st. Weiss Ratings restated a “hold (c)” rating on shares of SM Energy in a report on Monday, August 17th. Finally, Mizuho raised SM Energy to a “strong-buy” rating in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $37.93.

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.