SM Energy (NYSE:SM) Shares Sold by DGS Capital Management LLC

DGS Capital Management LLC lowered its holdings in shares of SM Energy (NYSE:SM) by 16.1% in the fourth quarter, Holdings Channel reports. The firm owned 9,150 shares of the energy company’s stock after selling 1,760 shares during the quarter. DGS Capital Management LLC’s holdings in SM Energy were worth $355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of SM. Harbor Capital Advisors Inc. purchased a new stake in shares of SM Energy in the third quarter valued at about $30,000. Blue Trust Inc. increased its position in SM Energy by 3,434.5% in the 3rd quarter. Blue Trust Inc. now owns 1,025 shares of the energy company’s stock valued at $44,000 after acquiring an additional 996 shares during the period. Millburn Ridgefield Corp purchased a new stake in SM Energy during the 3rd quarter valued at approximately $55,000. International Assets Investment Management LLC lifted its position in SM Energy by 3,897.2% during the 3rd quarter. International Assets Investment Management LLC now owns 1,439 shares of the energy company’s stock worth $58,000 after acquiring an additional 1,403 shares during the period. Finally, Legacy Investment Solutions LLC purchased a new position in shares of SM Energy in the 3rd quarter valued at approximately $83,000. 94.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SM. Royal Bank of Canada restated a “sector perform” rating and set a $50.00 price target on shares of SM Energy in a research note on Tuesday, October 8th. Susquehanna reduced their target price on shares of SM Energy from $48.00 to $46.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. KeyCorp lowered their target price on shares of SM Energy from $65.00 to $60.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Truist Financial increased their price target on shares of SM Energy from $42.00 to $45.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $53.00 price objective (up previously from $51.00) on shares of SM Energy in a report on Wednesday, December 4th. Seven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, SM Energy has a consensus rating of “Moderate Buy” and an average price target of $51.90.

SM Energy Price Performance

Shares of NYSE:SM opened at $40.13 on Friday. The firm has a market capitalization of $4.59 billion, a price-to-earnings ratio of 5.61 and a beta of 4.14. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.52 and a quick ratio of 3.52. The business’s 50 day simple moving average is $41.57 and its 200-day simple moving average is $42.67. SM Energy has a 12 month low of $34.90 and a 12 month high of $53.26.

SM Energy (NYSE:SM) last posted its earnings results on Thursday, October 31st. The energy company reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.10. The company had revenue of $643.60 million for the quarter, compared to analyst estimates of $643.67 million. SM Energy had a return on equity of 19.62% and a net margin of 33.89%. SM Energy’s revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.73 earnings per share. As a group, equities analysts forecast that SM Energy will post 6.76 earnings per share for the current fiscal year.

SM Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 24th will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, January 24th. This represents a $0.80 annualized dividend and a yield of 1.99%. SM Energy’s dividend payout ratio (DPR) is currently 11.17%.

About SM Energy

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