Headlands Technologies LLC Sells 4,665 Shares of SM Energy (NYSE:SM)

Headlands Technologies LLC trimmed its position in shares of SM Energy (NYSE:SMFree Report) by 62.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,828 shares of the energy company’s stock after selling 4,665 shares during the quarter. Headlands Technologies LLC’s holdings in SM Energy were worth $112,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SM. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of SM Energy by 76.9% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 15,500 shares of the energy company’s stock valued at $615,000 after acquiring an additional 6,737 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of SM Energy during the 3rd quarter valued at about $1,388,000. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of SM Energy by 12.4% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 21,263 shares of the energy company’s stock valued at $843,000 after acquiring an additional 2,340 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of SM Energy by 4.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,528,322 shares of the energy company’s stock valued at $60,598,000 after acquiring an additional 67,225 shares during the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of SM Energy during the 3rd quarter valued at about $220,000. 91.26% of the stock is owned by hedge funds and other institutional investors.

SM Energy Trading Down 0.2 %

SM Energy stock opened at $36.90 on Monday. The stock has a market cap of $4.29 billion, a P/E ratio of 5.39 and a beta of 4.18. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.17 and a quick ratio of 1.17. SM Energy has a 1 year low of $24.66 and a 1 year high of $43.73. The firm’s 50 day moving average price is $37.20 and its 200-day moving average price is $38.61.

SM Energy Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, February 5th. Investors of record on Friday, January 19th were issued a $0.18 dividend. The ex-dividend date was Thursday, January 18th. This is a positive change from SM Energy’s previous semi-annual dividend of $0.15. This represents a dividend yield of 1.5%. SM Energy’s dividend payout ratio (DPR) is 10.53%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. KeyCorp dropped their price target on shares of SM Energy from $56.00 to $51.00 and set an “overweight” rating on the stock in a report on Thursday, January 11th. Susquehanna increased their price objective on shares of SM Energy from $32.00 to $40.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 18th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $45.00 price objective on shares of SM Energy in a research note on Monday, February 5th. Wells Fargo & Company started coverage on shares of SM Energy in a research note on Wednesday, November 15th. They issued an “equal weight” rating and a $40.00 price objective on the stock. Finally, Seaport Res Ptn upgraded shares of SM Energy from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 31st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $40.82.

View Our Latest Report on SM

SM Energy Profile

(Free Report)

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 also has working interests in oil and gas producing wells in the Midland Basin and South Texas. The company was formerly known as St.

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Institutional Ownership by Quarter for SM Energy (NYSE:SM)

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