Segall Bryant & Hamill LLC Boosts Position in SM Energy Company $SM

Segall Bryant & Hamill LLC lifted its holdings in shares of SM Energy Company (NYSE:SM) by 18.7% in the third quarter, Holdings Channel.com reports. The fund owned 141,809 shares of the energy company’s stock after purchasing an additional 22,367 shares during the period. Segall Bryant & Hamill LLC’s holdings in SM Energy were worth $3,541,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. Fisher Asset Management LLC increased its position in SM Energy by 4.1% during the 3rd quarter. Fisher Asset Management LLC now owns 896,332 shares of the energy company’s stock valued at $22,381,000 after purchasing an additional 35,031 shares during the period. Royce & Associates LP boosted its stake in shares of SM Energy by 22.6% during the 3rd quarter. Royce & Associates LP now owns 356,608 shares of the energy company’s stock valued at $8,905,000 after purchasing an additional 65,732 shares in the last quarter. Arete Wealth Advisors LLC bought a new stake in shares of SM Energy during the 3rd quarter valued at about $241,000. Rafferty Asset Management LLC increased its position in shares of SM Energy by 13.2% during the third quarter. Rafferty Asset Management LLC now owns 159,810 shares of the energy company’s stock valued at $3,990,000 after buying an additional 18,622 shares during the period. Finally, American Century Companies Inc. raised its stake in SM Energy by 8.9% in the third quarter. American Century Companies Inc. now owns 4,585,624 shares of the energy company’s stock worth $114,503,000 after buying an additional 375,754 shares in the last quarter. Institutional investors own 94.56% of the company’s stock.

Analyst Upgrades and Downgrades

SM has been the topic of several research reports. Weiss Ratings cut SM Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday. Zacks Research upgraded SM Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, February 16th. Susquehanna dropped their price target on SM Energy from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Monday, January 26th. Siebert Williams Shank cut SM Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Finally, Royal Bank Of Canada lowered their price objective on SM Energy from $35.00 to $29.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $31.22.

SM Energy Stock Performance

Shares of SM opened at $25.66 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.48. The business’s 50 day moving average price is $20.25 and its 200-day moving average price is $21.79. SM Energy Company has a 52 week low of $17.45 and a 52 week high of $32.26. The stock has a market cap of $2.94 billion, a P/E ratio of 4.54 and a beta of 1.03.

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

SM Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Monday, March 9th will be issued a dividend of $0.22 per share. The ex-dividend date is Monday, March 9th. This is a boost from SM Energy’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a dividend yield of 3.4%. SM Energy’s dividend payout ratio is 14.16%.

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.