Aigen Investment Management LP Buys Shares of 67,059 SM Energy Company $SM

Aigen Investment Management LP bought a new stake in SM Energy Company (NYSE:SM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 67,059 shares of the energy company’s stock, valued at approximately $1,254,000.

Other institutional investors also recently bought and sold shares of the company. Jones Financial Companies Lllp lifted its holdings in SM Energy by 316.7% in the third quarter. Jones Financial Companies Lllp now owns 1,200 shares of the energy company’s stock valued at $33,000 after acquiring an additional 912 shares during the period. Johnson Financial Group Inc. bought a new position in SM Energy in the third quarter valued at about $31,000. NBC Securities Inc. lifted its holdings in SM Energy by 160.5% in the fourth quarter. NBC Securities Inc. now owns 1,347 shares of the energy company’s stock valued at $25,000 after acquiring an additional 830 shares during the period. SBI Securities Co. Ltd. raised its stake in shares of SM Energy by 10,461.5% in the fourth quarter. SBI Securities Co. Ltd. now owns 1,373 shares of the energy company’s stock worth $26,000 after buying an additional 1,360 shares during the period. Finally, Global Retirement Partners LLC raised its stake in shares of SM Energy by 62.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,386 shares of the energy company’s stock worth $26,000 after buying an additional 535 shares during the period. Institutional investors own 94.56% of the company’s stock.

SM Energy Stock Performance

NYSE:SM opened at $31.12 on Friday. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.98. SM Energy Company has a 12-month low of $17.45 and a 12-month high of $35.88. The stock has a 50-day moving average price of $30.74 and a 200 day moving average price of $24.86. The stock has a market capitalization of $7.46 billion, a P/E ratio of 13.07 and a beta of 0.72.

SM Energy (NYSE:SM) last released its earnings results on Wednesday, May 6th. The energy company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.42. SM Energy had a return on equity of 13.93% and a net margin of 3.45%.The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter last year, the business posted $1.76 earnings per share. The firm’s revenue was up 75.0% on a year-over-year basis. Equities research analysts forecast that SM Energy Company will post 7.3 EPS for the current fiscal year.

SM Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Monday, June 8th will be given a dividend of $0.22 per share. The ex-dividend date is Monday, June 8th. This represents a $0.88 annualized dividend and a dividend yield of 2.8%. SM Energy’s dividend payout ratio (DPR) is currently 36.97%.

Insider Activity

In related news, Director Ramiro G. Peru sold 24,553 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $33.98, for a total transaction of $834,310.94. Following the completion of the sale, the director owned 65,964 shares in the company, valued at approximately $2,241,456.72. This trade represents a 27.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.45% of the company’s stock.

Analysts Set New Price Targets

SM has been the topic of several recent research reports. Wall Street Zen raised SM Energy from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. KeyCorp raised their price objective on SM Energy from $29.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday, April 2nd. BMO Capital Markets raised their price objective on SM Energy from $26.00 to $33.00 and gave the stock a “market perform” rating in a research note on Thursday, April 2nd. Raymond James Financial raised SM Energy from an “underperform” rating to an “outperform” rating and set a $55.00 price objective on the stock in a research note on Wednesday, May 20th. Finally, Weiss Ratings raised SM Energy from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Eight research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $37.07.

SM Energy 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.