AlphaQuest LLC Boosts Position in SM Energy Company $SM

AlphaQuest LLC increased its holdings in shares of SM Energy Company (NYSE:SM) by 3,238.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 83,220 shares of the energy company’s stock after purchasing an additional 80,727 shares during the quarter. AlphaQuest LLC’s holdings in SM Energy were worth $1,556,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SM. Royal Bank of Canada lifted its stake in SM Energy by 27.7% during the first quarter. Royal Bank of Canada now owns 91,916 shares of the energy company’s stock worth $2,753,000 after purchasing an additional 19,965 shares during the last quarter. AQR Capital Management LLC lifted its stake in SM Energy by 43.9% in the first quarter. AQR Capital Management LLC now owns 145,922 shares of the energy company’s stock valued at $4,370,000 after buying an additional 44,542 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in SM Energy by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 68,111 shares of the energy company’s stock valued at $2,040,000 after buying an additional 2,969 shares during the last quarter. NewEdge Advisors LLC lifted its stake in SM Energy by 44.9% in the first quarter. NewEdge Advisors LLC now owns 3,248 shares of the energy company’s stock valued at $97,000 after buying an additional 1,007 shares during the last quarter. Finally, United Services Automobile Association purchased a new stake in SM Energy in the first quarter valued at approximately $222,000. Hedge funds and other institutional investors own 94.56% of the company’s stock.

Insiders Place Their Bets

In related news, Director Ramiro G. Peru sold 24,553 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $33.98, for a total transaction of $834,310.94. Following the transaction, the director owned 65,964 shares of the company’s stock, valued at $2,241,456.72. This represents a 27.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.45% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Weiss Ratings upgraded SM Energy from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. TD Cowen reduced their price objective on SM Energy from $36.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, March 17th. Zacks Research cut SM Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday. Wall Street Zen upgraded SM Energy from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Susquehanna boosted their price objective on SM Energy from $30.00 to $31.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $37.07.

SM Energy Trading Down 3.4%

NYSE:SM opened at $30.70 on Thursday. The firm has a market cap of $7.36 billion, a P/E ratio of 12.90 and a beta of 0.73. 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’s 50 day simple moving average is $30.23 and its 200-day simple moving average is $23.75. SM Energy Company has a 12-month low of $17.45 and a 12-month high of $35.88.

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, beating analysts’ consensus estimates of $1.13 by $0.42. The business 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 company’s revenue for the quarter was up 75.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.76 earnings per share. Equities analysts anticipate that SM Energy Company will post 7.47 EPS for the current year.

SM Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Monday, June 8th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Monday, June 8th. SM Energy’s dividend payout ratio is currently 36.97%.

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.