Quantinno Capital Management LP Invests $252,000 in SM Energy (NYSE:SM)

Quantinno Capital Management LP bought a new position in shares of SM Energy (NYSE:SM) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 6,316 shares of the energy company’s stock, valued at approximately $252,000.

Several other hedge funds have also recently bought and sold shares of SM. Plato Investment Management Ltd lifted its stake in shares of SM Energy by 461.9% during the second quarter. Plato Investment Management Ltd now owns 590 shares of the energy company’s stock worth $26,000 after purchasing an additional 485 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new stake in shares of SM Energy during the 3rd quarter valued at about $30,000. Blue Trust Inc. lifted its position in SM Energy by 3,434.5% during the 3rd quarter. Blue Trust Inc. now owns 1,025 shares of the energy company’s stock worth $44,000 after acquiring an additional 996 shares in the last quarter. Millburn Ridgefield Corp purchased a new position in SM Energy in the 3rd quarter worth approximately $55,000. Finally, International Assets Investment Management LLC grew its position in 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 in the last quarter. Hedge funds and other institutional investors own 94.56% of the company’s stock.

SM Energy Stock Performance

Shares of NYSE SM opened at $39.39 on Tuesday. The company has a quick ratio of 3.52, a current ratio of 3.52 and a debt-to-equity ratio of 0.67. The firm’s 50-day moving average price is $43.05 and its two-hundred day moving average price is $43.90. SM Energy has a 52-week low of $34.76 and a 52-week high of $53.26. The stock has a market capitalization of $4.51 billion, a P/E ratio of 5.50 and a beta of 4.14.

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

SM Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 4th. Stockholders of record on Friday, October 25th were issued a dividend of $0.20 per share. This is an increase from SM Energy’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, October 25th. This represents a $0.80 annualized dividend and a dividend yield of 2.03%. SM Energy’s payout ratio is 11.17%.

Analyst Ratings Changes

Several research analysts have recently weighed in on SM shares. TD Cowen upgraded shares of SM Energy from a “hold” rating to a “buy” rating and decreased their target price for the company from $64.00 to $60.00 in a research note on Tuesday, October 15th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $53.00 target price (up from $51.00) on shares of SM Energy in a research report on Wednesday, December 4th. Tudor Pickering upgraded SM Energy to a “strong-buy” rating in a report on Wednesday, August 21st. KeyCorp reduced their target price on SM Energy from $65.00 to $60.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Finally, Susquehanna dropped their price target 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. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, SM Energy has an average rating of “Moderate Buy” and a consensus target price of $50.82.

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.