SM Energy (NYSE:SM) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in shares of SM Energy (NYSE:SM) by 17.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,557 shares of the energy company’s stock after purchasing an additional 989 shares during the period. GAMMA Investing LLC’s holdings in SM Energy were worth $283,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SM. Register Financial Advisors LLC purchased a new stake in shares of SM Energy in the first quarter valued at about $25,000. Hexagon Capital Partners LLC lifted its holdings in shares of SM Energy by 509.7% in the first quarter. Hexagon Capital Partners LLC now owns 567 shares of the energy company’s stock valued at $28,000 after purchasing an additional 474 shares in the last quarter. Lindbrook Capital LLC lifted its holdings in shares of SM Energy by 54.9% in the first quarter. Lindbrook Capital LLC now owns 581 shares of the energy company’s stock valued at $29,000 after purchasing an additional 206 shares in the last quarter. Global Retirement Partners LLC lifted its stake in shares of SM Energy by 665.6% during the first quarter. Global Retirement Partners LLC now owns 689 shares of the energy company’s stock valued at $34,000 after buying an additional 599 shares during the period. Finally, UMB Bank n.a. boosted its stake in SM Energy by 66.8% in the 1st quarter. UMB Bank n.a. now owns 829 shares of the energy company’s stock worth $41,000 after buying an additional 332 shares during the last quarter. 94.56% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $54.00 price objective on shares of SM Energy in a report on Tuesday, July 9th. StockNews.com downgraded shares of SM Energy from a “buy” rating to a “hold” rating in a research report on Thursday. JPMorgan Chase & Co. lifted their price objective on shares of SM Energy from $49.00 to $54.00 and gave the stock an “overweight” rating in a report on Tuesday, April 9th. KeyCorp lifted their price objective on shares of SM Energy from $62.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Finally, Susquehanna lifted their price objective on shares of SM Energy from $42.00 to $51.00 and gave the stock a “neutral” rating in a report on Monday, April 22nd. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $54.44.

SM Energy Stock Down 5.2 %

Shares of NYSE SM traded down $2.13 during trading hours on Monday, hitting $38.77. The stock had a trading volume of 2,425,193 shares, compared to its average volume of 1,732,254. The company has a market capitalization of $4.46 billion, a P/E ratio of 6.41 and a beta of 4.20. The firm’s 50-day moving average price is $46.36 and its two-hundred day moving average price is $45.67. SM Energy has a 52 week low of $34.13 and a 52 week high of $53.26. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.48 and a current ratio of 1.48.

SM Energy (NYSE:SM) last announced its quarterly earnings results on Thursday, May 2nd. The energy company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.28 by $0.13. SM Energy had a return on equity of 20.10% and a net margin of 31.80%. The business had revenue of $559.87 million during the quarter, compared to analysts’ expectations of $568.21 million. Analysts anticipate that SM Energy will post 7.09 EPS for the current fiscal year.

SM Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 5th. Investors of record on Friday, July 19th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Friday, July 19th. This represents a $0.72 annualized dividend and a yield of 1.86%. SM Energy’s dividend payout ratio (DPR) is currently 11.29%.

Insider Buying and Selling

In other news, SVP Kenneth J. Knott sold 16,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $50.28, for a total transaction of $804,480.00. Following the completion of the transaction, the senior vice president now directly owns 114,495 shares in the company, valued at $5,756,808.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.50% of the company’s stock.

About SM Energy

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, gas, and natural gas liquids in the state of Texas. It has working interests in oil and gas producing wells in the Midland Basin and South Texas. The company was formerly known as St.