120,000 Shares in SM Energy Company $SM Acquired by Tiptree Advisors LLC

Tiptree Advisors LLC bought a new stake in SM Energy Company (NYSE:SM) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 120,000 shares of the energy company’s stock, valued at approximately $3,132,000. SM Energy accounts for 1.9% of Tiptree Advisors LLC’s investment portfolio, making the stock its 18th largest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SM. BlackRock Inc. acquired a new position in shares of SM Energy during the second quarter worth about $1,025,229,000. Canada Pension Plan Investment Board purchased a new stake in SM Energy in the 2nd quarter valued at about $378,288,000. Donald Smith & CO. Inc. acquired a new position in SM Energy in the second quarter valued at $199,602,000. Dimensional Fund Advisors LP increased its position in shares of SM Energy by 79.5% in the first quarter. Dimensional Fund Advisors LP now owns 9,995,353 shares of the energy company’s stock worth $311,678,000 after acquiring an additional 4,426,751 shares in the last quarter. Finally, Webs Creek Capital Management LP purchased a new stake in shares of SM Energy during the 2nd quarter valued at about $53,257,807,000. 94.56% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP James Barker Lebeck sold 17,500 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $37.02, for a total transaction of $647,850.00. Following the completion of the sale, the executive vice president owned 14,705 shares of the company’s stock, valued at $544,379.10. This trade represents a 54.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Zacks Research lowered shares of SM Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Wells Fargo & Company upgraded shares of SM Energy from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $32.00 to $47.00 in a report on Thursday, August 13th. Mizuho upgraded shares of SM Energy to a “strong-buy” rating in a research note on Friday, July 31st. Wall Street Zen upgraded shares of SM Energy from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 22nd. Finally, Raymond James Financial cut 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. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $37.93.

SM Energy Stock Down 0.9%

SM stock opened at $35.36 on Thursday. The stock has a market capitalization of $8.41 billion, a P/E ratio of 6.96 and a beta of 0.73. SM Energy Company has a fifty-two week low of $17.45 and a fifty-two week high of $38.25. The business has a 50-day moving average of $30.64 and a 200-day moving average of $29.21. 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 (NYSE:SM) last released its quarterly earnings data on Wednesday, August 5th. The energy company reported $2.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.23. The company had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.02 billion. SM Energy had a return on equity of 17.93% and a net margin of 18.20%.The business’s revenue was up 215.3% on a year-over-year basis. During the same period last year, the firm posted $1.50 earnings per share. On average, sell-side analysts anticipate that SM Energy Company will post 7.36 earnings per share for the current fiscal year.

SM Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 21st. Investors of record on Monday, September 7th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.88 annualized dividend and a dividend yield of 2.5%. SM Energy’s payout ratio is currently 17.32%.

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.