Mirae Asset Global Investments Co. Ltd. Has $3.29 Million Stock Position in SM Energy (NYSE:SM)

Mirae Asset Global Investments Co. Ltd. raised its holdings in SM Energy (NYSE:SM) by 6.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 65,932 shares of the energy company’s stock after acquiring an additional 3,768 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in SM Energy were worth $3,287,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in SM Energy by 9.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,509,379 shares of the energy company’s stock worth $213,326,000 after acquiring an additional 493,427 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in SM Energy by 4.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,593,103 shares of the energy company’s stock valued at $61,685,000 after buying an additional 64,781 shares during the last quarter. American Century Companies Inc. grew its holdings in SM Energy by 5.7% during the 3rd quarter. American Century Companies Inc. now owns 1,547,315 shares of the energy company’s stock worth $61,351,000 after acquiring an additional 83,588 shares during the last quarter. Westwood Holdings Group Inc. acquired a new position in SM Energy in the 4th quarter valued at approximately $50,075,000. Finally, First Trust Advisors LP raised its stake in shares of SM Energy by 22.6% during the fourth quarter. First Trust Advisors LP now owns 1,077,231 shares of the energy company’s stock valued at $41,710,000 after acquiring an additional 198,473 shares during the last quarter. Institutional investors and hedge funds own 94.56% of the company’s stock.

Insider Transactions at SM Energy

In related news, SVP Kenneth J. Knott sold 16,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $50.28, for a total transaction of $804,480.00. Following the transaction, the senior vice president now owns 114,495 shares in the company, valued at approximately $5,756,808.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on SM shares. KeyCorp raised their price objective on SM Energy from $62.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Stephens restated an “overweight” rating and set a $63.00 price target on shares of SM Energy in a report on Thursday, June 27th. Susquehanna boosted their target price on shares of SM Energy from $42.00 to $51.00 and gave the company a “neutral” rating in a research report on Monday, April 22nd. Mizuho raised their price objective on SM Energy from $57.00 to $62.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $54.00 target price on shares of SM Energy in a report on Tuesday. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $54.89.

SM Energy Price Performance

Shares of SM Energy stock opened at $45.14 on Friday. The firm has a market capitalization of $5.19 billion, a PE ratio of 7.08 and a beta of 4.20. SM Energy has a 12 month low of $32.21 and a 12 month high of $53.26. The business’s 50-day moving average price is $47.62 and its 200-day moving average price is $44.75. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43.

SM Energy (NYSE:SM) last released its earnings results on Thursday, May 2nd. The energy company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.28 by $0.13. The company had revenue of $559.87 million for the quarter, compared to analyst estimates of $568.21 million. SM Energy had a net margin of 31.80% and a return on equity of 20.10%. Sell-side analysts forecast that SM Energy will post 7.15 EPS for the current fiscal year.

SM Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 5th. Stockholders of record on Friday, July 19th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Friday, July 19th. SM Energy’s dividend payout ratio (DPR) is presently 11.29%.

SM Energy 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.