Sanctuary Advisors LLC Acquires 34,895 Shares of SM Energy (NYSE:SM)

Sanctuary Advisors LLC grew its holdings in SM Energy (NYSE:SM) by 105.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,068 shares of the energy company’s stock after acquiring an additional 34,895 shares during the quarter. Sanctuary Advisors LLC’s holdings in SM Energy were worth $2,696,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Harbor Capital Advisors Inc. bought a new stake in shares of SM Energy in the third quarter valued at approximately $30,000. Blue Trust Inc. boosted its position in shares of SM Energy by 3,434.5% in the third 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 bought a new stake in shares of SM Energy in the third quarter valued at approximately $55,000. International Assets Investment Management LLC boosted its position in shares of SM Energy by 3,897.2% in the third quarter. International Assets Investment Management LLC now owns 1,439 shares of the energy company’s stock valued at $58,000 after acquiring an additional 1,403 shares during the period. Finally, R Squared Ltd bought a new stake in shares of SM Energy in the fourth quarter valued at approximately $61,000. 94.56% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SM has been the subject of several research reports. Truist Financial increased their price objective on SM Energy from $42.00 to $45.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Mizuho cut their target price on SM Energy from $57.00 to $55.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Wells Fargo & Company cut their target price on SM Energy from $47.00 to $45.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 17th. Susquehanna cut their target price on SM Energy from $48.00 to $46.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Finally, StockNews.com upgraded SM Energy from a “hold” rating to a “buy” rating in a research note on Thursday. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, SM Energy presently has a consensus rating of “Moderate Buy” and an average target price of $51.90.

SM Energy Stock Performance

SM Energy stock opened at $34.37 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.55 and a quick ratio of 3.52. The stock has a fifty day moving average price of $39.64 and a two-hundred day moving average price of $41.79. SM Energy has a 52-week low of $34.06 and a 52-week high of $53.26. The firm has a market capitalization of $3.93 billion, a P/E ratio of 5.15 and a beta of 4.11.

SM Energy (NYSE:SM) last released its quarterly earnings data on Wednesday, February 19th. The energy company reported $1.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($0.09). SM Energy had a return on equity of 19.82% and a net margin of 28.63%. The company had revenue of $852.22 million for the quarter, compared to analyst estimates of $849.44 million. As a group, analysts anticipate that SM Energy will post 8.1 EPS for the current fiscal year.

SM Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 24th were paid a dividend of $0.20 per share. The ex-dividend date was Friday, January 24th. This represents a $0.80 annualized dividend and a yield of 2.33%. SM Energy’s dividend payout ratio is currently 11.98%.

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.