GSA Capital Partners LLP Invests $2.24 Million in SM Energy Company $SM

GSA Capital Partners LLP acquired a new stake in shares of SM Energy Company (NYSE:SM) during the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 85,953 shares of the energy company’s stock, valued at approximately $2,243,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in SM Energy by 79.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,995,353 shares of the energy company’s stock worth $311,678,000 after purchasing an additional 4,426,751 shares in the last quarter. Millennium Management LLC grew its position in SM Energy by 205.1% during the 4th quarter. Millennium Management LLC now owns 2,835,718 shares of the energy company’s stock worth $53,028,000 after purchasing an additional 1,906,255 shares during the last quarter. Alyeska Investment Group L.P. increased its stake in SM Energy by 268.3% during the 4th quarter. Alyeska Investment Group L.P. now owns 2,271,757 shares of the energy company’s stock valued at $42,482,000 after purchasing an additional 1,654,891 shares in the last quarter. Woodline Partners LP raised its holdings in shares of SM Energy by 198.9% in the third quarter. Woodline Partners LP now owns 2,429,518 shares of the energy company’s stock worth $60,665,000 after buying an additional 1,616,822 shares during the last quarter. Finally, Sagefield Capital LP acquired a new stake in shares of SM Energy during the fourth quarter worth $20,275,000. 94.56% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other SM Energy news, Director Ramiro G. Peru sold 24,553 shares of the 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 directly owned 65,964 shares of the company’s stock, valued at approximately $2,241,456.72. This trade represents a 27.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.45% of the company’s stock.

SM Energy Stock Up 4.0%

SM stock opened at $33.70 on Friday. The firm’s fifty day simple moving average is $29.72 and its 200-day simple moving average is $28.20. The company has a market capitalization of $8.02 billion, a P/E ratio of 6.63 and a beta of 0.73. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.62 and a quick ratio of 0.62. SM Energy Company has a 12 month low of $17.45 and a 12 month high of $35.88.

SM Energy (NYSE:SM) last released its quarterly earnings data on Wednesday, August 5th. The energy company reported $2.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.23. SM Energy had a net margin of 18.20% and a return on equity of 17.93%. The firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the prior year, the business earned $1.50 earnings per share. The business’s quarterly revenue was up 215.3% compared to the same quarter last year. As a group, equities research analysts forecast that SM Energy Company will post 7.1 earnings per share for the current year.

SM Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Monday, June 8th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Monday, June 8th. SM Energy’s dividend payout ratio is presently 17.32%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on SM shares. Siebert Williams Shank raised shares of SM Energy from a “hold” rating to a “buy” rating and boosted their price objective for the company from $30.00 to $41.00 in a report on Thursday, May 14th. Raymond James Financial reduced their target price on SM Energy from $55.00 to $48.00 and set an “outperform” rating for the company in a research note on Tuesday, July 21st. Truist Financial lifted their price target on SM Energy from $37.00 to $43.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Wells Fargo & Company upgraded SM Energy from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $32.00 to $47.00 in a research note on Thursday. Finally, Susquehanna increased their price objective on SM Energy from $31.00 to $32.00 and gave the company a “neutral” rating in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $37.93.

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.