Cwm LLC Acquires 293 Shares of SM Energy (NYSE:SM)

Cwm LLC increased its holdings in shares of SM Energy (NYSE:SM) by 11.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,853 shares of the energy company’s stock after acquiring an additional 293 shares during the quarter. Cwm LLC’s holdings in SM Energy were worth $114,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jupiter Asset Management Ltd. bought a new stake in shares of SM Energy during the 1st quarter valued at $5,614,000. Foundry Partners LLC lifted its position in SM Energy by 1,733.5% during the first quarter. Foundry Partners LLC now owns 102,307 shares of the energy company’s stock worth $5,100,000 after purchasing an additional 96,727 shares during the period. SG Americas Securities LLC acquired a new stake in SM Energy during the first quarter worth about $710,000. Wedge Capital Management L L P NC increased its holdings in SM Energy by 4.8% in the 2nd quarter. Wedge Capital Management L L P NC now owns 593,241 shares of the energy company’s stock valued at $25,646,000 after buying an additional 27,405 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in shares of SM Energy by 19.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 764,118 shares of the energy company’s stock valued at $38,093,000 after buying an additional 124,450 shares in the last quarter. Institutional investors and hedge funds own 94.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on SM shares. BMO Capital Markets reduced their target price on SM Energy from $50.00 to $48.00 and set a “market perform” rating on the stock in a report on Friday, October 4th. Tudor Pickering raised SM Energy to a “strong-buy” rating in a research note on Wednesday, August 21st. JPMorgan Chase & Co. boosted their target price on SM Energy from $50.00 to $54.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Royal Bank of Canada restated a “sector perform” rating and issued a $50.00 price target on shares of SM Energy in a research note on Tuesday, October 8th. Finally, KeyCorp decreased their price target on shares of SM Energy from $65.00 to $60.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, SM Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.73.

SM Energy Price Performance

SM stock opened at $43.46 on Friday. The company has a market capitalization of $4.97 billion, a P/E ratio of 6.25 and a beta of 4.18. The company has a fifty day moving average price of $42.74 and a 200-day moving average price of $45.64. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. SM Energy has a 52-week low of $34.13 and a 52-week high of $53.26.

SM Energy (NYSE:SM) last announced its earnings results on Wednesday, August 7th. The energy company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.28. SM Energy had a return on equity of 21.01% and a net margin of 33.18%. The business had revenue of $634.56 million during the quarter, compared to analyst estimates of $616.63 million. During the same period last year, the company earned $1.28 EPS. SM Energy’s revenue for the quarter was up 15.2% compared to the same quarter last year. As a group, equities analysts expect that SM Energy will post 7.06 EPS for the current year.

SM Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 4th. Investors of record on Friday, October 25th will be paid a $0.20 dividend. This is a positive change from SM Energy’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend is Friday, October 25th. SM Energy’s payout ratio is currently 10.36%.

About SM Energy

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.