SM Energy (NYSE:SM) Shares Bought by Sei Investments Co.

Sei Investments Co. grew its stake in SM Energy (NYSE:SM) by 0.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 441,863 shares of the energy company’s stock after purchasing an additional 2,338 shares during the period. Sei Investments Co.’s holdings in SM Energy were worth $17,127,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Pathstone Holdings LLC raised its holdings in SM Energy by 8.8% in the 3rd quarter. Pathstone Holdings LLC now owns 41,828 shares of the energy company’s stock worth $1,672,000 after purchasing an additional 3,395 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of SM Energy by 1.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,223,038 shares of the energy company’s stock valued at $48,885,000 after buying an additional 22,152 shares in the last quarter. Cerity Partners LLC grew its stake in SM Energy by 10.2% in the 3rd quarter. Cerity Partners LLC now owns 48,119 shares of the energy company’s stock valued at $1,923,000 after acquiring an additional 4,471 shares during the period. Fisher Asset Management LLC increased its holdings in SM Energy by 17.6% in the 3rd quarter. Fisher Asset Management LLC now owns 165,005 shares of the energy company’s stock worth $6,595,000 after acquiring an additional 24,660 shares in the last quarter. Finally, FMR LLC raised its position in SM Energy by 0.8% during the third quarter. FMR LLC now owns 339,791 shares of the energy company’s stock worth $13,581,000 after acquiring an additional 2,644 shares during the period. 94.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. StockNews.com downgraded shares of SM Energy from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Wells Fargo & Company dropped their price target on SM Energy from $45.00 to $33.00 and set an “equal weight” rating for the company in a research report on Tuesday. Raymond James decreased their price objective on SM Energy from $59.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, March 10th. Williams Trading set a $41.00 target price on shares of SM Energy in a report on Wednesday, March 5th. Finally, Stephens reissued an “overweight” rating and issued a $57.00 price target on shares of SM Energy in a research note on Thursday, January 2nd. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $48.00.

Insider Transactions at SM Energy

In related news, Director Barton R. Brookman, Jr. acquired 7,000 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was acquired at an average price of $32.36 per share, for a total transaction of $226,520.00. Following the purchase, the director now owns 14,666 shares of the company’s stock, valued at $474,591.76. This represents a 91.31 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

SM Energy Stock Performance

Shares of SM stock opened at $30.23 on Friday. SM Energy has a one year low of $26.66 and a one year high of $53.26. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.52 and a current ratio of 0.55. The firm’s 50 day moving average price is $34.96 and its 200-day moving average price is $39.47. The firm has a market cap of $3.46 billion, a P/E ratio of 4.52 and a beta of 4.14.

SM Energy (NYSE:SM) last posted its quarterly earnings data on Wednesday, February 19th. The energy company reported $1.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($0.09). SM Energy had a net margin of 28.63% and a return on equity of 19.82%. The firm had revenue of $852.22 million during the quarter, compared to analysts’ expectations of $849.44 million. As a group, equities research analysts predict that SM Energy will post 8.1 EPS for the current year.

SM Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Friday, April 18th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.65%. SM Energy’s dividend payout ratio (DPR) is 11.98%.

SM Energy 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.