Thrivent Financial for Lutherans Has $9.07 Million Stake in SM Energy (NYSE:SM)

Thrivent Financial for Lutherans cut its stake in SM Energy (NYSE:SM) by 2.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 226,975 shares of the energy company’s stock after selling 5,646 shares during the period. Thrivent Financial for Lutherans’ holdings in SM Energy were worth $9,072,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC grew its stake in shares of SM Energy by 79.2% during the 3rd quarter. Los Angeles Capital Management LLC now owns 65,421 shares of the energy company’s stock worth $2,615,000 after acquiring an additional 28,920 shares in the last quarter. Wedge Capital Management L L P NC grew its position in SM Energy by 4.8% in the second quarter. Wedge Capital Management L L P NC now owns 593,241 shares of the energy company’s stock valued at $25,646,000 after purchasing an additional 27,405 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in SM Energy by 19.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 764,118 shares of the energy company’s stock valued at $38,093,000 after buying an additional 124,450 shares during the last quarter. Mackenzie Financial Corp lifted its position in SM Energy by 82.2% during the 2nd quarter. Mackenzie Financial Corp now owns 411,103 shares of the energy company’s stock worth $17,772,000 after buying an additional 185,433 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of SM Energy by 144.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 22,357 shares of the energy company’s stock worth $894,000 after buying an additional 13,215 shares during the last quarter. Institutional investors own 94.56% of the company’s stock.

SM Energy Stock Up 1.7 %

Shares of SM opened at $45.52 on Friday. The firm has a market cap of $5.21 billion, a P/E ratio of 6.36 and a beta of 4.18. The company has a debt-to-equity ratio of 0.67, a quick ratio of 3.52 and a current ratio of 3.52. SM Energy has a 52 week low of $34.13 and a 52 week high of $53.26. The firm’s 50-day simple moving average is $42.64 and its 200 day simple moving average is $44.75.

SM Energy (NYSE:SM) last announced its earnings results on Thursday, October 31st. The energy company reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.10. SM Energy had a return on equity of 19.62% and a net margin of 33.89%. The company had revenue of $643.60 million for the quarter, compared to analyst estimates of $643.67 million. During the same quarter last year, the company earned $1.73 earnings per share. The firm’s quarterly revenue was up .4% compared to the same quarter last year. On average, analysts forecast that SM Energy will post 6.77 earnings per share for the current year.

SM Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 4th. Stockholders of record on Friday, October 25th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date was Friday, October 25th. This is a boost from SM Energy’s previous quarterly dividend of $0.18. SM Energy’s payout ratio is presently 11.17%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Truist Financial lowered their target price on SM Energy from $46.00 to $38.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. Stephens boosted their price target on SM Energy from $56.00 to $57.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Tudor Pickering raised SM Energy to a “strong-buy” rating in a report on Wednesday, August 21st. TD Cowen upgraded shares of SM Energy from a “hold” rating to a “buy” rating and lowered their target price for the stock from $64.00 to $60.00 in a report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. upped their price target on shares of SM Energy from $50.00 to $54.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $51.09.

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.