Thrivent Financial for Lutherans Purchases 28,472 Shares of SM Energy Company $SM

Thrivent Financial for Lutherans lifted its stake in shares of SM Energy Company (NYSE:SM) by 31.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 119,093 shares of the energy company’s stock after buying an additional 28,472 shares during the quarter. Thrivent Financial for Lutherans’ holdings in SM Energy were worth $2,227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of SM. NBC Securities Inc. increased its position in shares of SM Energy by 160.5% during the fourth quarter. NBC Securities Inc. now owns 1,347 shares of the energy company’s stock valued at $25,000 after buying an additional 830 shares during the period. SBI Securities Co. Ltd. increased its position in shares of SM Energy by 10,461.5% during the fourth quarter. SBI Securities Co. Ltd. now owns 1,373 shares of the energy company’s stock valued at $26,000 after buying an additional 1,360 shares during the period. Johnson Financial Group Inc. purchased a new position in shares of SM Energy during the third quarter valued at about $31,000. Jones Financial Companies Lllp increased its position in shares of SM Energy by 316.7% during the third quarter. Jones Financial Companies Lllp now owns 1,200 shares of the energy company’s stock valued at $33,000 after buying an additional 912 shares during the period. Finally, First Horizon Corp increased its position in shares of SM Energy by 57.4% during the fourth quarter. First Horizon Corp now owns 1,860 shares of the energy company’s stock valued at $35,000 after buying an additional 678 shares during the period. Hedge funds and other institutional investors own 94.56% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on SM shares. Weiss Ratings upgraded shares of SM Energy from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. KeyCorp boosted their price target on shares of SM Energy from $29.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, April 2nd. Wells Fargo & Company boosted their price target on shares of SM Energy from $29.00 to $32.00 and gave the company an “equal weight” rating in a research report on Monday, May 18th. JPMorgan Chase & Co. upgraded shares of SM Energy from a “neutral” rating to an “overweight” rating and set a $40.00 price target on the stock in a research report on Friday, March 20th. Finally, National Bank Financial set a $30.00 price target on shares of SM Energy in a research report on Tuesday, March 17th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $36.79.

SM Energy Price Performance

Shares of SM opened at $33.80 on Tuesday. The stock has a market cap of $8.10 billion, a PE ratio of 14.20 and a beta of 0.73. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.39 and a current ratio of 0.39. SM Energy Company has a fifty-two week low of $17.45 and a fifty-two week high of $35.88. The firm’s 50-day simple moving average is $30.05 and its two-hundred day simple moving average is $23.57.

SM Energy (NYSE:SM) last announced its quarterly earnings data on Wednesday, May 6th. The energy company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.42. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.42 billion. SM Energy had a net margin of 3.45% and a return on equity of 13.93%. The business’s revenue was up 75.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.76 earnings per share. Analysts anticipate that SM Energy Company will post 7.47 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other SM Energy news, Director Ramiro G. Peru sold 24,553 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $33.98, for a total value of $834,310.94. Following the sale, the director owned 65,964 shares in the company, valued at approximately $2,241,456.72. This represents a 27.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.45% of the company’s stock.

About SM Energy

SM Energy Company (NYSE: SM) is an independent energy firm engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company focuses on identifying and exploiting unconventional onshore basins, leveraging advanced drilling and completion techniques to optimize resource recovery. SM Energy’s operations are supported by an integrated approach to reservoir management and strategic midstream partnerships, enabling efficient transportation and marketing of hydrocarbons.

The company’s core asset areas include prolific basins such as the Permian, Eagle Ford, and the Rocky Mountain region.