SG Americas Securities LLC Sells 5,833 Shares of SM Energy (NYSE:SM)

SG Americas Securities LLC lowered its position in shares of SM Energy (NYSE:SM) by 42.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 7,972 shares of the energy company’s stock after selling 5,833 shares during the quarter. SG Americas Securities LLC’s holdings in SM Energy were worth $309,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in SM. Harbor Capital Advisors Inc. bought a new stake in shares of SM Energy in the 3rd quarter worth $30,000. Blue Trust Inc. boosted its position in shares of SM Energy by 3,434.5% during the third quarter. Blue Trust Inc. now owns 1,025 shares of the energy company’s stock valued at $44,000 after buying an additional 996 shares during the last quarter. Millburn Ridgefield Corp bought a new stake in SM Energy in the 3rd quarter worth about $55,000. International Assets Investment Management LLC raised its position in 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 buying an additional 1,403 shares during the last quarter. Finally, Legacy Investment Solutions LLC purchased a new position in SM Energy in the 3rd quarter worth about $83,000. 94.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on SM shares. Mizuho dropped their price target on shares of SM Energy from $57.00 to $55.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Wells Fargo & Company dropped their target price on shares of SM Energy from $47.00 to $45.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 17th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $53.00 target price (up from $51.00) on shares of SM Energy in a research note on Wednesday, December 4th. Truist Financial increased their price target on SM Energy from $42.00 to $45.00 and gave the company a “hold” rating in a report on Monday, January 13th. Finally, KeyCorp reduced their price objective on SM Energy from $65.00 to $60.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, SM Energy currently has a consensus rating of “Moderate Buy” and an average target price of $51.90.

SM Energy Price Performance

Shares of SM Energy stock opened at $38.23 on Wednesday. The stock’s fifty day moving average is $40.73 and its 200 day moving average is $42.30. SM Energy has a one year low of $34.90 and a one year high of $53.26. The company has a debt-to-equity ratio of 0.67, a quick ratio of 3.52 and a current ratio of 3.52. The stock has a market cap of $4.37 billion, a P/E ratio of 5.34 and a beta of 4.11.

SM Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders 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 dividend yield of 2.09%. SM Energy’s payout ratio is currently 11.17%.

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.