Fox Run Management L.L.C. Acquires New Position in SM Energy (NYSE:SM)

Fox Run Management L.L.C. bought a new position in SM Energy (NYSE:SM) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 11,178 shares of the energy company’s stock, valued at approximately $433,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Barclays PLC lifted its position in SM Energy by 47.3% during the third quarter. Barclays PLC now owns 250,218 shares of the energy company’s stock worth $10,002,000 after buying an additional 80,343 shares in the last quarter. National Bank of Canada FI purchased a new position in shares of SM Energy during the 3rd quarter worth $259,000. World Investment Advisors LLC acquired a new position in shares of SM Energy during the 3rd quarter valued at about $3,048,000. Townsquare Capital LLC grew its holdings in shares of SM Energy by 267.4% in the third quarter. Townsquare Capital LLC now owns 391,107 shares of the energy company’s stock valued at $15,633,000 after purchasing an additional 284,665 shares during the period. Finally, Range Financial Group LLC acquired a new stake in SM Energy during the fourth quarter worth about $833,000. 94.56% of the stock is currently owned by institutional investors and hedge funds.

SM Energy Stock Down 3.9 %

SM Energy stock opened at $30.57 on Wednesday. The firm has a market capitalization of $3.50 billion, a P/E ratio of 4.58 and a beta of 4.14. The company has a current ratio of 0.55, a quick ratio of 3.52 and a debt-to-equity ratio of 0.66. SM Energy has a twelve month low of $26.66 and a twelve month high of $53.26. The stock’s fifty day simple moving average is $35.51 and its 200-day simple moving average is $39.60.

SM Energy (NYSE:SM) last released its earnings results on Wednesday, February 19th. The energy company reported $1.91 EPS for the quarter, missing the consensus estimate of $2.00 by ($0.09). The company had revenue of $852.22 million for the quarter, compared to analyst estimates of $849.44 million. SM Energy had a return on equity of 19.82% and a net margin of 28.63%. As a group, equities analysts expect that SM Energy will post 8.1 earnings per share for the current fiscal year.

SM Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 24th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a $0.80 dividend on an annualized basis and a yield of 2.62%. SM Energy’s dividend payout ratio is currently 11.98%.

Insiders Place Their Bets

In other SM Energy news, Director Barton R. Brookman, Jr. purchased 7,000 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was bought at an average cost of $32.36 per share, with a total value of $226,520.00. Following the acquisition, the director now directly owns 14,666 shares of the company’s stock, valued at approximately $474,591.76. This represents a 91.31 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on SM shares. JPMorgan Chase & Co. dropped their price target on shares of SM Energy from $54.00 to $41.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. Mizuho reduced their target price on SM Energy from $57.00 to $55.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Raymond James lowered their price target on SM Energy from $59.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, March 10th. Williams Trading set a $41.00 price objective on shares of SM Energy in a report on Wednesday, March 5th. Finally, Truist Financial increased their target price on shares of SM Energy from $42.00 to $45.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Seven analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $48.00.

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.