Oregon Public Employees Retirement Fund Has $1.61 Million Stake in SM Energy Company $SM

Oregon Public Employees Retirement Fund raised its stake in SM Energy Company (NYSE:SM) by 97.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,795 shares of the energy company’s stock after buying an additional 25,544 shares during the period. Oregon Public Employees Retirement Fund’s holdings in SM Energy were worth $1,615,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in SM. Millennium Management LLC lifted its holdings in shares of SM Energy by 205.1% during the fourth quarter. Millennium Management LLC now owns 2,835,718 shares of the energy company’s stock worth $53,028,000 after purchasing an additional 1,906,255 shares during the period. Alyeska Investment Group L.P. grew its position in shares of SM Energy by 268.3% during the 4th quarter. Alyeska Investment Group L.P. now owns 2,271,757 shares of the energy company’s stock worth $42,482,000 after buying an additional 1,654,891 shares during the period. Woodline Partners LP grew its holdings in SM Energy by 198.9% in the third quarter. Woodline Partners LP now owns 2,429,518 shares of the energy company’s stock worth $60,665,000 after purchasing an additional 1,616,822 shares during the period. Sagefield Capital LP acquired a new position in SM Energy during the 4th quarter worth approximately $20,275,000. Finally, Balyasny Asset Management L.P. acquired a new stake in SM Energy in the 2nd quarter valued at $25,179,000. Institutional investors own 94.56% of the company’s stock.

SM Energy Stock Down 0.2%

SM opened at $27.76 on Monday. 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 business’s 50-day moving average price is $30.06 and its 200-day moving average price is $26.01. The company has a market cap of $6.66 billion, a P/E ratio of 11.66 and a beta of 0.73.

SM Energy (NYSE:SM) last issued 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 net margin of 3.45% and a return on equity of 13.93%. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter last year, the business earned $1.76 earnings per share. The business’s revenue was up 75.0% on a year-over-year basis. On average, equities analysts expect that SM Energy Company will post 7.1 EPS for the current year.

SM Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Monday, June 8th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Monday, June 8th. SM Energy’s dividend payout ratio is currently 36.97%.

Wall Street Analyst Weigh In

SM has been the subject of a number of recent research reports. Raymond James Financial raised SM Energy from an “underperform” rating to an “outperform” rating and set a $55.00 price objective for the company in a report on Wednesday, May 20th. KeyCorp increased their price objective on SM Energy from $29.00 to $39.00 and gave the company an “overweight” rating in a report on Thursday, April 2nd. BMO Capital Markets raised their price objective on shares of SM Energy from $26.00 to $33.00 and gave the stock a “market perform” rating in a report on Thursday, April 2nd. Stephens decreased their price target on SM Energy from $61.00 to $52.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 7th. Finally, Mizuho lowered their price objective on SM Energy from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 7th. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.00.

Insider Buying and Selling

In other news, Director Ramiro G. Peru sold 24,553 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $2,241,456.72. This trade represents a 27.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.45% of the company’s stock.

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.