KBC Group NV Has $188,000 Stake in SM Energy (NYSE:SM)

KBC Group NV grew its holdings in shares of SM Energy (NYSE:SM) by 46.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,854 shares of the energy company’s stock after acquiring an additional 1,533 shares during the period. KBC Group NV’s holdings in SM Energy were worth $188,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in SM. Harbor Capital Advisors Inc. bought a new position in SM Energy during the third quarter worth $30,000. Blue Trust Inc. raised its holdings 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 purchasing an additional 996 shares during the period. Millburn Ridgefield Corp bought a new position in shares of SM Energy during the 3rd quarter worth about $55,000. International Assets Investment Management LLC boosted its position in shares of SM Energy by 3,897.2% during 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, Legacy Investment Solutions LLC acquired a new stake in shares of SM Energy in the 3rd quarter valued at about $83,000. 94.56% of the stock is owned by institutional investors.

SM Energy Trading Down 1.1 %

NYSE:SM opened at $37.86 on Thursday. SM Energy has a 52 week low of $35.77 and a 52 week high of $53.26. The firm has a 50-day moving average price of $40.59 and a two-hundred day moving average price of $42.27. 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 firm has a market cap of $4.33 billion, a price-to-earnings ratio of 5.29 and a beta of 4.11.

SM Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 24th were issued a dividend of $0.20 per share. The ex-dividend date was Friday, January 24th. This represents a $0.80 dividend on an annualized basis and a yield of 2.11%. SM Energy’s dividend payout ratio (DPR) is currently 11.17%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. TD Cowen upgraded SM Energy from a “hold” rating to a “buy” rating and cut their price target for the stock from $64.00 to $60.00 in a report on Tuesday, October 15th. KeyCorp cut their target price on SM Energy from $65.00 to $60.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Stephens reissued an “overweight” rating and issued a $57.00 price target on shares of SM Energy in a research report on Thursday, January 2nd. Susquehanna lowered their price objective on shares of SM Energy from $48.00 to $46.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Finally, Truist Financial lifted their price objective on shares of SM Energy from $42.00 to $45.00 and gave the company a “hold” rating in a report on Monday, January 13th. Seven research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, SM Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $51.90.

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.