Pathstone Holdings LLC Acquires 3,395 Shares of SM Energy (NYSE:SM)

Pathstone Holdings LLC grew its holdings in shares of SM Energy (NYSE:SM) by 8.8% during the third quarter, HoldingsChannel.com reports. The firm owned 41,828 shares of the energy company’s stock after acquiring an additional 3,395 shares during the quarter. Pathstone Holdings LLC’s holdings in SM Energy were worth $1,672,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC acquired a new position in SM Energy during the first quarter worth about $228,000. Price T Rowe Associates Inc. MD lifted its stake 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 acquiring an additional 124,450 shares during the last quarter. Bayesian Capital Management LP bought a new position in shares of SM Energy in the 1st quarter valued at $368,000. Atria Investments Inc acquired a new stake in shares of SM Energy during the 1st quarter valued at $1,096,000. Finally, Boston Partners grew its position in SM Energy by 6.1% during the 1st quarter. Boston Partners now owns 18,606 shares of the energy company’s stock worth $928,000 after acquiring an additional 1,065 shares during the last quarter. Institutional investors and hedge funds own 94.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on SM shares. Tudor, Pickering, Holt & Co. upgraded shares of SM Energy from a “hold” rating to a “buy” rating in a report on Wednesday, August 21st. StockNews.com downgraded shares of SM Energy from a “buy” rating to a “hold” rating in a research note on Friday, September 13th. Wells Fargo & Company boosted their price objective on shares of SM Energy from $43.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $50.00 target price on shares of SM Energy in a research report on Tuesday, October 8th. Finally, Tudor Pickering upgraded SM Energy to a “strong-buy” rating in a research report on Wednesday, August 21st. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, SM Energy currently has an average rating of “Moderate Buy” and an average price target of $51.09.

SM Energy Stock Up 0.5 %

Shares of NYSE:SM opened at $44.85 on Thursday. The firm has a market capitalization of $5.13 billion, a P/E ratio of 6.27 and a beta of 4.18. The company has a debt-to-equity ratio of 0.67, a quick ratio of 3.52 and a current ratio of 3.52. The stock has a 50 day moving average price of $42.96 and a 200-day moving average price of $44.56. 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 quarterly earnings data on Thursday, October 31st. The energy company reported $1.62 EPS for the quarter, beating the consensus estimate of $1.52 by $0.10. SM Energy had a return on equity of 19.62% and a net margin of 33.89%. The business had revenue of $643.60 million during the quarter, compared to analyst estimates of $643.67 million. During the same quarter last year, the firm posted $1.73 earnings per share. The company’s revenue for the quarter was up .4% on a year-over-year basis. As a group, equities research analysts anticipate that SM Energy will post 6.77 EPS for the current fiscal year.

SM Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 4th. Shareholders of record on Friday, October 25th were paid a dividend of $0.20 per share. 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 yield of 1.78%. The ex-dividend date of this dividend was Friday, October 25th. SM Energy’s dividend payout ratio (DPR) is currently 11.17%.

SM Energy Company Profile

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.