Clg LLC Takes Position in SM Energy Company $SM

Clg LLC bought a new stake in SM Energy Company (NYSE:SM) during the first quarter, HoldingsChannel.com reports. The fund bought 466,175 shares of the energy company’s stock, valued at approximately $14,535,000. SM Energy comprises 3.6% of Clg LLC’s investment portfolio, making the stock its 5th biggest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Summit Global Investments increased its holdings in SM Energy by 1.1% in the 4th quarter. Summit Global Investments now owns 46,417 shares of the energy company’s stock valued at $868,000 after purchasing an additional 489 shares in the last quarter. State of Wyoming lifted its stake in shares of SM Energy by 22.2% during the fourth quarter. State of Wyoming now owns 2,748 shares of the energy company’s stock worth $51,000 after purchasing an additional 499 shares in the last quarter. Global Retirement Partners LLC lifted its stake in shares of SM Energy by 62.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,386 shares of the energy company’s stock worth $26,000 after purchasing an additional 535 shares in the last quarter. First Horizon Corp boosted its position in shares of SM Energy by 57.4% in the fourth quarter. First Horizon Corp now owns 1,860 shares of the energy company’s stock worth $35,000 after buying an additional 678 shares during the period. Finally, ProShare Advisors LLC boosted its position in shares of SM Energy by 3.2% in the fourth quarter. ProShare Advisors LLC now owns 22,211 shares of the energy company’s stock worth $415,000 after buying an additional 687 shares during the period. Institutional investors and hedge funds own 94.56% of the company’s stock.

SM Energy Price Performance

Shares of SM stock opened at $33.56 on Friday. The firm has a fifty day moving average of $30.21 and a two-hundred day moving average of $26.80. The firm has a market cap of $8.05 billion, a P/E ratio of 14.10 and a beta of 0.73. SM Energy Company has a 1-year low of $17.45 and a 1-year high of $35.88. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.39 and a quick ratio of 0.39.

SM Energy (NYSE:SM) last issued its earnings results on Wednesday, May 6th. The energy company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.42. SM Energy had a net margin of 3.45% and a return on equity of 13.93%. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the prior year, the business posted $1.76 EPS. The company’s revenue for the quarter was up 75.0% on a year-over-year basis. As a group, research analysts anticipate that SM Energy Company will post 6.95 earnings per share for the current fiscal year.

SM Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Monday, June 8th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Monday, June 8th. SM Energy’s payout ratio is currently 36.97%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on SM shares. BMO Capital Markets raised their target price on SM Energy from $26.00 to $33.00 and gave the company a “market perform” rating in a report on Thursday, April 2nd. Weiss Ratings raised SM Energy from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. Zacks Research downgraded SM Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. KeyCorp lifted their price objective on SM Energy from $29.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, April 2nd. Finally, Roth Capital raised SM Energy from a “neutral” rating to a “buy” rating and upped their target price for the company from $30.00 to $32.00 in a research report on Monday, June 22nd. Ten research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $36.53.

Insider Transactions at SM Energy

In other SM Energy news, Director Ramiro G. Peru sold 24,553 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $33.98, for a total transaction of $834,310.94. Following the sale, the director owned 65,964 shares in the company, valued at $2,241,456.72. This represents a 27.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.45% of the stock is owned by insiders.

About SM Energy

SM Energy Company (NYSE: SM) is an independent energy firm engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company focuses on identifying and exploiting unconventional onshore basins, leveraging advanced drilling and completion techniques to optimize resource recovery. SM Energy’s operations are supported by an integrated approach to reservoir management and strategic midstream partnerships, enabling efficient transportation and marketing of hydrocarbons.

The company’s core asset areas include prolific basins such as the Permian, Eagle Ford, and the Rocky Mountain region.