27,757 Shares in SM Energy (NYSE:SM) Acquired by Sciencast Management LP

Sciencast Management LP purchased a new position in shares of SM Energy (NYSE:SM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,757 shares of the energy company’s stock, valued at approximately $1,076,000.

A number of other large investors have also added to or reduced their stakes in the stock. Magnetar Financial LLC grew its position in SM Energy by 202.7% during the fourth quarter. Magnetar Financial LLC now owns 41,787 shares of the energy company’s stock worth $1,620,000 after buying an additional 27,981 shares in the last quarter. Teacher Retirement System of Texas boosted its holdings in shares of SM Energy by 16.5% in the 4th quarter. Teacher Retirement System of Texas now owns 122,523 shares of the energy company’s stock valued at $4,749,000 after purchasing an additional 17,333 shares in the last quarter. Cibc World Markets Corp acquired a new stake in shares of SM Energy in the 4th quarter valued at $415,000. Gallacher Capital Management LLC boosted its holdings in shares of SM Energy by 4.5% in the 4th quarter. Gallacher Capital Management LLC now owns 8,206 shares of the energy company’s stock valued at $318,000 after purchasing an additional 350 shares in the last quarter. Finally, Royce & Associates LP boosted its holdings in shares of SM Energy by 6.7% in the 4th quarter. Royce & Associates LP now owns 232,523 shares of the energy company’s stock valued at $9,013,000 after purchasing an additional 14,644 shares in the last quarter. Institutional investors and hedge funds own 94.56% of the company’s stock.

Insider Transactions at SM Energy

In other SM Energy news, Director Barton R. Brookman, Jr. acquired 7,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was purchased at an average cost of $32.36 per share, with a total value of $226,520.00. Following the transaction, the director now owns 14,666 shares in the company, valued at approximately $474,591.76. The trade was a 91.31 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SM. Truist Financial raised their target price on SM Energy from $42.00 to $45.00 and gave the company a “hold” rating in a report on Monday, January 13th. Stephens reaffirmed an “overweight” rating and issued a $57.00 target price on shares of SM Energy in a report on Thursday, January 2nd. Mizuho cut their price objective on SM Energy from $57.00 to $55.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. JPMorgan Chase & Co. cut their price objective on SM Energy from $54.00 to $41.00 and set a “neutral” rating on the stock in a report on Thursday, March 13th. Finally, StockNews.com downgraded SM Energy from a “buy” rating to a “hold” rating in a report on Friday, February 28th. 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 stock. According to data from MarketBeat.com, SM Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.00.

SM Energy Stock Down 0.8 %

Shares of NYSE:SM opened at $30.68 on Friday. The firm has a market cap of $3.51 billion, a P/E ratio of 4.59 and a beta of 4.14. The company has a quick ratio of 3.52, a current ratio of 0.55 and a debt-to-equity ratio of 0.66. SM Energy has a 12-month low of $26.66 and a 12-month high of $53.26. The business has a fifty day simple moving average of $36.02 and a 200 day simple moving average of $39.75.

SM Energy (NYSE:SM) last announced its earnings results 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). The company had revenue of $852.22 million for the quarter, compared to the consensus estimate of $849.44 million. SM Energy had a return on equity of 19.82% and a net margin of 28.63%. Analysts predict that SM Energy will post 8.1 earnings per share for the current year.

SM Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 24th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend was Friday, January 24th. SM Energy’s dividend payout ratio (DPR) is presently 11.98%.

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.