Evoke Wealth LLC Has $5.93 Million Position in SM Energy (NYSE:SM)

Evoke Wealth LLC cut its position in shares of SM Energy (NYSE:SM) by 3.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 152,928 shares of the energy company’s stock after selling 5,033 shares during the quarter. Evoke Wealth LLC’s holdings in SM Energy were worth $5,927,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SM. Millburn Ridgefield Corp bought a new stake in shares of SM Energy in the 3rd quarter worth approximately $55,000. R Squared Ltd acquired a new position in shares of SM Energy in the fourth quarter valued at $61,000. Legacy Investment Solutions LLC acquired a new position in shares of SM Energy in the third quarter valued at $83,000. Global Retirement Partners LLC lifted its position in SM Energy by 51.0% in the fourth quarter. Global Retirement Partners LLC now owns 2,179 shares of the energy company’s stock worth $84,000 after purchasing an additional 736 shares during the period. Finally, KBC Group NV boosted its stake in SM Energy by 16.7% during the third quarter. KBC Group NV now owns 3,321 shares of the energy company’s stock worth $133,000 after buying an additional 476 shares in the last quarter. 94.56% of the stock is currently owned by institutional investors.

SM Energy Trading Up 0.8 %

Shares of SM opened at $30.23 on Tuesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.52 and a current ratio of 0.55. The company has a market cap of $3.46 billion, a price-to-earnings ratio of 4.53 and a beta of 4.14. The stock has a fifty day moving average price of $36.98 and a two-hundred day moving average price of $40.11. SM Energy has a 52-week low of $26.66 and a 52-week high of $53.26.

SM Energy (NYSE:SM) last issued its quarterly earnings results on Wednesday, February 19th. The energy company reported $1.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($0.09). The company had revenue of $852.22 million for the quarter, compared to analyst estimates of $849.44 million. SM Energy had a return on equity of 19.82% and a net margin of 28.63%. Analysts predict that SM Energy will post 8.1 EPS for the current fiscal year.

SM Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 24th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date was Friday, January 24th. SM Energy’s dividend payout ratio is currently 11.98%.

Insider Buying and Selling

In other news, Director Barton R. Brookman, Jr. purchased 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were acquired at an average price of $32.36 per share, for a total transaction of $226,520.00. Following the completion of the acquisition, the director now directly owns 14,666 shares in the company, valued at approximately $474,591.76. The trade was a 91.31 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of SM Energy from $54.00 to $41.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. Wells Fargo & Company dropped their price target on shares of SM Energy from $47.00 to $45.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 17th. Stephens restated an “overweight” rating and set a $57.00 price target on shares of SM Energy in a research note on Thursday, January 2nd. Mizuho lowered their price objective on SM Energy from $57.00 to $55.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Finally, Williams Trading set a $41.00 target price on SM Energy in a report on Wednesday, March 5th. Seven analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $49.00.

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.