F M Investments LLC Invests $4.68 Million in SM Energy (NYSE:SM)

F M Investments LLC acquired a new stake in SM Energy (NYSE:SM) in the second quarter, Holdings Channel reports. The institutional investor acquired 108,154 shares of the energy company’s stock, valued at approximately $4,676,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Register Financial Advisors LLC bought a new position in shares of SM Energy during the first quarter worth $25,000. Hexagon Capital Partners LLC lifted its holdings in SM Energy by 509.7% during the first quarter. Hexagon Capital Partners LLC now owns 567 shares of the energy company’s stock worth $28,000 after acquiring an additional 474 shares in the last quarter. Lindbrook Capital LLC grew its stake in 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 acquiring an additional 206 shares during the period. Global Retirement Partners LLC increased its holdings in shares of SM Energy by 665.6% in the first quarter. Global Retirement Partners LLC now owns 689 shares of the energy company’s stock worth $34,000 after acquiring an additional 599 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in shares of SM Energy by 66.8% in the first quarter. UMB Bank n.a. now owns 829 shares of the energy company’s stock worth $41,000 after acquiring an additional 332 shares in the last quarter. Institutional investors and hedge funds own 94.56% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SM. StockNews.com upgraded SM Energy from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Tudor Pickering raised shares of SM Energy to a “strong-buy” rating in a research note on Wednesday, August 21st. Truist Financial lowered their price objective on shares of SM Energy from $49.00 to $46.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Royal Bank of Canada restated a “sector perform” rating and set a $54.00 price objective on shares of SM Energy in a report on Tuesday, July 9th. Finally, Mizuho upped their target price on shares of SM Energy from $57.00 to $62.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.22.

SM Energy Stock Down 2.8 %

SM stock traded down $1.33 during midday trading on Friday, hitting $45.63. The company’s stock had a trading volume of 1,477,674 shares, compared to its average volume of 1,731,111. The company’s fifty day moving average price is $44.98 and its 200 day moving average price is $46.55. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.48 and a quick ratio of 1.48. SM Energy has a twelve month low of $34.13 and a twelve month high of $53.26. The stock has a market capitalization of $5.25 billion, a P/E ratio of 7.04 and a beta of 4.20.

SM Energy (NYSE:SM) last released its earnings results on Wednesday, August 7th. The energy company reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.28. SM Energy had a return on equity of 20.10% and a net margin of 31.80%. The business had revenue of $634.56 million for the quarter, compared to the consensus estimate of $616.63 million. During the same quarter in the previous year, the business earned $1.28 earnings per share. SM Energy’s quarterly revenue was up 15.2% on a year-over-year basis. As a group, equities research analysts predict that SM Energy will post 7.09 EPS for the current year.

SM Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 5th. Stockholders of record on Friday, July 19th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend was Friday, July 19th. SM Energy’s dividend payout ratio is currently 11.29%.

SM Energy Company Profile

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.