SM Energy Company $SM Stock Holdings Lifted by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of SM Energy Company (NYSE:SM) by 97.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,976 shares of the energy company’s stock after acquiring an additional 27,616 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in SM Energy were worth $1,745,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in SM. NBC Securities Inc. raised its stake in SM Energy by 160.5% during the 4th quarter. NBC Securities Inc. now owns 1,347 shares of the energy company’s stock valued at $25,000 after purchasing an additional 830 shares during the period. SBI Securities Co. Ltd. boosted its position 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. Torren Management LLC grew its holdings in shares of SM Energy by 4,561.1% during the first quarter. Torren Management LLC now owns 839 shares of the energy company’s stock valued at $26,000 after buying an additional 821 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of SM Energy by 62.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,386 shares of the energy company’s stock valued at $26,000 after buying an additional 535 shares in the last quarter. Finally, Johnson Financial Group Inc. purchased a new position in shares of SM Energy during the third quarter valued at $31,000. Hedge funds and other institutional investors own 94.56% of the company’s stock.

Insiders Place Their Bets

In other SM Energy news, Director Ramiro G. Peru sold 24,553 shares of SM Energy stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $33.98, for a total value of $834,310.94. Following the completion of the sale, the director directly owned 65,964 shares in the company, valued at $2,241,456.72. The trade was a 27.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.45% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SM shares. Stephens reduced their price objective on SM Energy from $61.00 to $52.00 and set an “overweight” rating for the company in a research note on Tuesday, July 7th. Zacks Research cut SM Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Wall Street Zen upgraded SM Energy from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Susquehanna increased their price target on shares of SM Energy from $30.00 to $31.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Finally, Weiss Ratings upgraded shares of SM Energy from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, SM Energy currently has an average rating of “Moderate Buy” and an average price target of $36.93.

SM Energy Price Performance

SM opened at $30.23 on Friday. The stock has a market cap of $7.25 billion, a price-to-earnings ratio of 12.70 and a beta of 0.73. SM Energy Company has a 1 year low of $17.45 and a 1 year high of $35.88. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.98. The stock has a fifty day moving average price of $30.06 and a 200 day moving average price of $26.32.

SM Energy (NYSE:SM) last issued its earnings results on Wednesday, May 6th. The energy company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.42. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.42 billion. SM Energy had a return on equity of 13.93% and a net margin of 3.45%.The business’s revenue was up 75.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.76 EPS. Analysts forecast that SM Energy Company will post 7.13 EPS for the current fiscal year.

SM Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Monday, June 8th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Monday, June 8th. SM Energy’s dividend payout ratio (DPR) is presently 36.97%.

About SM Energy

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.