SM Energy Co (SM) Position Raised by Aperio Group LLC

Aperio Group LLC increased its holdings in shares of SM Energy Co (NYSE:SM) by 4.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,268 shares of the energy company’s stock after purchasing an additional 2,277 shares during the quarter. Aperio Group LLC’s holdings in SM Energy were worth $1,585,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Qube Research & Technologies Ltd purchased a new stake in SM Energy during the second quarter worth approximately $109,000. Russell Investments Group Ltd. lifted its stake in SM Energy by 50.2% during the second quarter. Russell Investments Group Ltd. now owns 7,685 shares of the energy company’s stock worth $199,000 after purchasing an additional 2,570 shares during the last quarter. Cypress Asset Management Inc. TX purchased a new stake in SM Energy during the second quarter worth approximately $218,000. Crossmark Global Holdings Inc. purchased a new stake in SM Energy during the second quarter worth approximately $259,000. Finally, Strs Ohio purchased a new stake in SM Energy during the second quarter worth approximately $311,000.

Several equities research analysts recently weighed in on the company. Williams Capital set a $44.00 target price on SM Energy and gave the stock a “buy” rating in a research note on Friday, November 2nd. Wells Fargo & Co upgraded SM Energy from a “market perform” rating to an “outperform” rating and set a $43.00 target price for the company in a research note on Tuesday, October 23rd. Zacks Investment Research upgraded SM Energy from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Tuesday, October 9th. Scotia Howard Weill upgraded SM Energy from a “sector perform” rating to a “sector outperform” rating in a research note on Thursday, September 27th. Finally, Scotiabank upgraded SM Energy from a “sector perform” rating to an “outperform” rating in a research note on Thursday, September 27th. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. SM Energy currently has an average rating of “Buy” and a consensus target price of $32.31.

Shares of NYSE SM opened at $22.79 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.62 and a quick ratio of 0.91. SM Energy Co has a twelve month low of $16.11 and a twelve month high of $33.76. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of -27.79, a PEG ratio of 8.13 and a beta of 2.99.

SM Energy (NYSE:SM) last issued its quarterly earnings data on Thursday, November 1st. The energy company reported ($0.01) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.17). The firm had revenue of $459.37 million during the quarter, compared to analysts’ expectations of $429.63 million. SM Energy had a net margin of 8.56% and a return on equity of 0.59%. SM Energy’s quarterly revenue was up 55.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.25) EPS. As a group, sell-side analysts anticipate that SM Energy Co will post 0.28 earnings per share for the current year.

The business also recently announced a semiannual dividend, which was paid on Wednesday, November 7th. Stockholders of record on Friday, October 26th were issued a $0.05 dividend. This represents a dividend yield of 0.31%. The ex-dividend date of this dividend was Thursday, October 25th. SM Energy’s payout ratio is currently -12.20%.

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SM Energy Profile

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids in onshore North America. It primarily has operations in the Midland Basin and the Eagle Ford shale in Texas. As of December 31, 2017, the company had 468.1 million barrels of oil equivalent of estimated proved reserves; and working interests in 919 net productive oil wells and 489 net productive gas wells.

Further Reading: How does a reverse stock split work?

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

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