SM Energy (NYSE:SM) Stock Position Decreased by Peregrine Capital Management LLC

Peregrine Capital Management LLC trimmed its position in shares of SM Energy (NYSE:SM) by 3.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 123,684 shares of the energy company’s stock after selling 4,461 shares during the period. Peregrine Capital Management LLC’s holdings in SM Energy were worth $4,794,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new position in SM Energy during the 3rd quarter valued at about $30,000. Blue Trust Inc. raised its holdings in shares of SM Energy by 3,434.5% in the 3rd quarter. Blue Trust Inc. now owns 1,025 shares of the energy company’s stock worth $44,000 after purchasing an additional 996 shares in the last quarter. Millburn Ridgefield Corp bought a new stake in shares of SM Energy in the 3rd quarter worth approximately $55,000. International Assets Investment Management LLC raised its holdings in shares of SM Energy by 3,897.2% in the 3rd quarter. International Assets Investment Management LLC now owns 1,439 shares of the energy company’s stock worth $58,000 after purchasing an additional 1,403 shares in the last quarter. Finally, R Squared Ltd bought a new stake in shares of SM Energy in the 4th quarter worth approximately $61,000. 94.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on SM shares. Mizuho dropped their price objective on shares of SM Energy from $57.00 to $55.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Stephens reiterated an “overweight” rating and issued a $57.00 target price on shares of SM Energy in a report on Thursday, January 2nd. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $53.00 price objective (up from $51.00) on shares of SM Energy in a research note on Wednesday, December 4th. Truist Financial boosted their price objective on SM Energy from $42.00 to $45.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Finally, Susquehanna cut their price target on SM Energy from $48.00 to $46.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Seven equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, SM Energy presently has an average rating of “Moderate Buy” and an average target price of $51.90.

SM Energy Stock Up 0.6 %

Shares of SM opened at $38.84 on Thursday. SM Energy has a one year low of $36.13 and a one year high of $53.26. The company has a market cap of $4.44 billion, a P/E ratio of 5.42 and a beta of 4.11. 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 firm has a 50 day simple moving average of $39.83 and a two-hundred day simple moving average of $41.84.

SM Energy (NYSE:SM) last posted its earnings results on Wednesday, February 19th. The energy company reported $1.91 earnings per share for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.09). SM Energy had a return on equity of 19.62% and a net margin of 33.89%. Research analysts forecast that SM Energy will post 6.78 EPS for the current fiscal year.

SM Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 24th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $0.80 dividend on an annualized basis and a yield of 2.06%. SM Energy’s dividend payout ratio (DPR) is currently 11.17%.

SM Energy Company Profile

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.