UBS Group AG Grows Stock Holdings in SM Energy (NYSE:SM)

UBS Group AG increased its stake in shares of SM Energy (NYSE:SM – Get Rating) by 361.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 54,631 shares of the energy company’s stock after purchasing an additional 42,794 shares during the period. UBS Group AG’s holdings in SM Energy were worth $2,055,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in SM. Global Retirement Partners LLC increased its holdings in SM Energy by 677.3% during the third quarter. Global Retirement Partners LLC now owns 583 shares of the energy company’s stock valued at $26,000 after buying an additional 508 shares during the last quarter. CWM LLC increased its holdings in SM Energy by 99.3% during the third quarter. CWM LLC now owns 867 shares of the energy company’s stock valued at $33,000 after buying an additional 432 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new stake in SM Energy during the second quarter valued at approximately $34,000. Larson Financial Group LLC purchased a new stake in SM Energy during the third quarter valued at approximately $38,000. Finally, Point72 Hong Kong Ltd purchased a new stake in SM Energy during the second quarter valued at approximately $190,000. 89.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on SM shares. KeyCorp reduced their price objective on shares of SM Energy from $64.00 to $56.00 and set an “overweight” rating for the company in a research note on Thursday, December 8th. TD Cowen cut shares of SM Energy from an “outperform” rating to a “market perform” rating and set a $35.00 price objective for the company. in a research note on Wednesday, March 1st. Barclays reduced their price objective on shares of SM Energy from $46.00 to $32.00 and set an “underweight” rating for the company in a research note on Wednesday, February 22nd. Cowen cut shares of SM Energy from an “outperform” rating to a “market perform” rating and set a $35.00 price objective for the company. in a research note on Wednesday, March 1st. Finally, Cowen cut shares of SM Energy from an “outperform” rating to a “market perform” rating and set a $35.00 price objective for the company. in a research note on Wednesday, March 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $44.25.

SM Energy Price Performance

SM stock opened at $30.65 on Wednesday. SM Energy has a 52 week low of $27.92 and a 52 week high of $54.97. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.51. The company has a fifty day simple moving average of $31.99 and a two-hundred day simple moving average of $38.50. The firm has a market capitalization of $3.74 billion, a P/E ratio of 3.42 and a beta of 4.42.

SM Energy (NYSE:SM – Get Rating) last released its quarterly earnings data on Wednesday, February 22nd. The energy company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.21 by $0.08. SM Energy had a net margin of 33.11% and a return on equity of 34.40%. The business had revenue of $671.32 million during the quarter, compared to analyst estimates of $614.72 million. During the same quarter last year, the business earned $1.14 earnings per share. SM Energy’s quarterly revenue was down 21.5% compared to the same quarter last year. Analysts anticipate that SM Energy will post 6.34 earnings per share for the current fiscal year.

SM Energy Dividend Announcement

The company also recently announced a Semi-Annual dividend, which was paid on Monday, February 6th. Stockholders of record on Friday, January 20th were issued a $0.15 dividend. The ex-dividend date was Thursday, January 19th. This represents a dividend yield of 0.9%. SM Energy’s dividend payout ratio (DPR) is presently 3.35%.

SM Energy Company Profile

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SM Energy Co is an independent energy company, which engages in the acquisition, exploration, development, and production of crude oil, natural gas and natural gas liquids. Its operations are located in Midland Basin and South Texas. The company was founded in 1908 and is headquartered in Denver, CO.