Hsbc Holdings PLC Buys 120,443 Shares of SM Energy Company $SM

Hsbc Holdings PLC boosted its position in shares of SM Energy Company (NYSE:SM) by 145.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 202,977 shares of the energy company’s stock after buying an additional 120,443 shares during the quarter. Hsbc Holdings PLC’s holdings in SM Energy were worth $3,788,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Fearnley Asset Management AS acquired a new stake in shares of SM Energy in the 4th quarter valued at $16,379,000. Sankala Group LLC bought a new position in SM Energy in the fourth quarter valued at about $56,000. DGS Capital Management LLC bought a new position in SM Energy in the fourth quarter valued at about $203,000. Virtu Financial LLC increased its position in SM Energy by 31.7% in the fourth quarter. Virtu Financial LLC now owns 14,421 shares of the energy company’s stock worth $270,000 after purchasing an additional 3,475 shares during the period. Finally, Summit Global Investments increased its position in SM Energy by 1.1% in the fourth quarter. Summit Global Investments now owns 46,417 shares of the energy company’s stock worth $868,000 after purchasing an additional 489 shares during the period. 94.56% of the stock is currently owned by institutional investors.

SM Energy Trading Down 0.2%

NYSE:SM opened at $26.30 on Monday. SM Energy Company has a 1-year low of $17.45 and a 1-year high of $35.88. The business’s 50-day moving average price is $30.36 and its two-hundred day moving average price is $25.46. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $6.30 billion, a price-to-earnings ratio of 11.05 and a beta of 0.72.

SM Energy (NYSE:SM) last posted its earnings results on Wednesday, May 6th. The energy company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.42. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.42 billion. SM Energy had a return on equity of 13.93% and a net margin of 3.45%.The company’s revenue for the quarter was up 75.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.76 EPS. On average, equities analysts expect that SM Energy Company will post 7.3 earnings per share for the current year.

SM Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Monday, June 8th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Monday, June 8th. SM Energy’s dividend payout ratio is presently 36.97%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SM. JPMorgan Chase & Co. upgraded shares of SM Energy from a “neutral” rating to an “overweight” rating and set a $40.00 target price on the stock in a research report on Friday, March 20th. National Bank Financial set a $30.00 price target on shares of SM Energy in a research report on Tuesday, March 17th. Wells Fargo & Company boosted their price target on shares of SM Energy from $29.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Monday, May 18th. Siebert Williams Shank upgraded shares of SM Energy from a “hold” rating to a “buy” rating and increased their price objective for the company from $30.00 to $41.00 in a report on Thursday, May 14th. Finally, Truist Financial raised their price objective on shares of SM Energy from $38.00 to $39.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Nine analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $37.00.

Insider Buying and Selling

In other news, Director Ramiro G. Peru sold 24,553 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $33.98, for a total transaction of $834,310.94. Following the sale, the director owned 65,964 shares of the company’s stock, valued at $2,241,456.72. This trade represents a 27.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.45% of the company’s stock.

SM Energy Company Profile

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.