Horizon Investment Services LLC Takes Position in SM Energy Company $SM

Horizon Investment Services LLC acquired a new position in shares of SM Energy Company (NYSE:SM) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 19,595 shares of the energy company’s stock, valued at approximately $511,000.

Several other institutional investors have also modified their holdings of the company. NBC Securities Inc. increased its holdings in SM Energy by 160.5% in the fourth quarter. NBC Securities Inc. now owns 1,347 shares of the energy company’s stock valued at $25,000 after buying an additional 830 shares during the last quarter. SBI Securities Co. Ltd. lifted its holdings in SM Energy by 10,461.5% during the 4th quarter. SBI Securities Co. Ltd. now owns 1,373 shares of the energy company’s stock worth $26,000 after buying an additional 1,360 shares during the last quarter. Torren Management LLC lifted its holdings in SM Energy by 4,561.1% during the 1st quarter. Torren Management LLC now owns 839 shares of the energy company’s stock worth $26,000 after buying an additional 821 shares during the last quarter. Global Retirement Partners LLC boosted its position in shares of SM Energy by 62.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,386 shares of the energy company’s stock worth $26,000 after acquiring an additional 535 shares in the last quarter. Finally, Center for Financial Planning Inc. acquired a new position in shares of SM Energy during the 1st quarter worth about $31,000. 94.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SM. Weiss Ratings upgraded SM Energy from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Wall Street Zen upgraded SM Energy from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Raymond James Financial lowered their price target on SM Energy from $55.00 to $48.00 and set an “outperform” rating for the company in a report on Tuesday, July 21st. Stephens dropped their price target on shares of SM Energy from $61.00 to $52.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 7th. Finally, Truist Financial raised their price objective on shares of SM Energy from $37.00 to $43.00 and gave the stock a “buy” rating in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $37.93.

SM Energy Stock Performance

Shares of SM stock opened at $33.70 on Monday. The stock’s 50-day moving average is $29.72 and its two-hundred day moving average is $28.26. The firm has a market cap of $8.02 billion, a price-to-earnings ratio of 6.63 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 0.85, a quick ratio of 0.62 and a current ratio of 0.62.

SM Energy (NYSE:SM) last posted its earnings results on Wednesday, August 5th. The energy company reported $2.19 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.23. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.02 billion. SM Energy had a return on equity of 17.93% and a net margin of 18.20%.The business’s quarterly revenue was up 215.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.50 EPS. Analysts predict that SM Energy Company will post 7.1 earnings per share for the current year.

SM Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Monday, June 8th were paid a $0.22 dividend. The ex-dividend date was Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a yield of 2.6%. SM Energy’s payout ratio is currently 17.32%.

Insider Buying and Selling at SM Energy

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

SM Energy Company Profile

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.