Pitcairn Co. Purchases 4,734 Shares of SM Energy (NYSE:SM)

Pitcairn Co. increased its position in shares of SM Energy (NYSE:SM) by 29.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,046 shares of the energy company’s stock after buying an additional 4,734 shares during the period. Pitcairn Co.’s holdings in SM Energy were worth $841,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in shares of SM Energy by 6.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,341,875 shares of the energy company’s stock worth $274,161,000 after acquiring an additional 384,675 shares in the last quarter. Pacer Advisors Inc. increased its holdings in SM Energy by 2,515.6% in the third quarter. Pacer Advisors Inc. now owns 4,463,443 shares of the energy company’s stock worth $178,404,000 after purchasing an additional 4,292,793 shares in the last quarter. American Century Companies Inc. lifted its stake in SM Energy by 1.2% in the second quarter. American Century Companies Inc. now owns 2,361,149 shares of the energy company’s stock valued at $102,072,000 after buying an additional 28,005 shares during the period. River Road Asset Management LLC lifted its stake in SM Energy by 0.7% in the third quarter. River Road Asset Management LLC now owns 1,792,573 shares of the energy company’s stock valued at $71,649,000 after buying an additional 12,669 shares during the period. Finally, Westwood Holdings Group Inc. boosted its holdings in shares of SM Energy by 10.2% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,709,927 shares of the energy company’s stock worth $73,920,000 after buying an additional 157,923 shares in the last quarter. Institutional investors and hedge funds own 94.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SM shares. Susquehanna dropped their target price on shares of SM Energy from $48.00 to $46.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. JPMorgan Chase & Co. increased their price objective on shares of SM Energy from $50.00 to $54.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Truist Financial decreased their target price on SM Energy from $46.00 to $38.00 and set a “hold” rating for the company in a research report on Monday, September 30th. Mizuho dropped their price target on SM Energy from $62.00 to $57.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $50.00 price objective on shares of SM Energy in a research note on Tuesday, October 8th. Six equities research 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $51.09.

SM Energy Stock Performance

NYSE SM opened at $46.03 on Monday. The company has a fifty day moving average price of $42.77 and a 200-day moving average price of $44.63. The firm has a market cap of $5.27 billion, a price-to-earnings ratio of 6.43 and a beta of 4.18. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.52 and a quick ratio of 3.52. SM Energy has a 1 year low of $34.13 and a 1 year high of $53.26.

SM Energy (NYSE:SM) last issued its quarterly earnings data on Thursday, October 31st. The energy company reported $1.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.10. SM Energy had a net margin of 33.89% and a return on equity of 19.62%. The business had revenue of $643.60 million during the quarter, compared to the consensus estimate of $643.67 million. During the same period in the prior year, the firm posted $1.73 EPS. The firm’s quarterly revenue was up .4% compared to the same quarter last year. As a group, equities research analysts predict that SM Energy will post 6.77 EPS for the current fiscal year.

SM Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 4th. Investors of record on Friday, October 25th were issued 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 1.74%. The ex-dividend date was Friday, October 25th. SM Energy’s dividend payout ratio (DPR) is 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.