76,265 Shares in SM Energy (NYSE:SM) Bought by World Investment Advisors LLC

World Investment Advisors LLC bought a new stake in SM Energy (NYSE:SM) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 76,265 shares of the energy company’s stock, valued at approximately $3,048,000. World Investment Advisors LLC owned about 0.07% of SM Energy as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of SM. Envestnet Portfolio Solutions Inc. raised its holdings in shares of SM Energy by 2.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 11,045 shares of the energy company’s stock valued at $477,000 after buying an additional 300 shares during the last quarter. Summit Global Investments acquired a new position in SM Energy during the 2nd quarter worth $509,000. Louisiana State Employees Retirement System boosted its position in SM Energy by 1.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 57,900 shares of the energy company’s stock worth $2,503,000 after acquiring an additional 600 shares during the period. Tributary Capital Management LLC grew its stake in shares of SM Energy by 0.3% in the second quarter. Tributary Capital Management LLC now owns 569,348 shares of the energy company’s stock worth $24,613,000 after purchasing an additional 1,623 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of SM Energy by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 1,335,624 shares of the energy company’s stock valued at $57,739,000 after purchasing an additional 4,611 shares during the period. Institutional investors and hedge funds own 94.56% of the company’s stock.

SM Energy Stock Down 0.4 %

Shares of SM Energy stock opened at $40.44 on Friday. SM Energy has a 12-month low of $34.76 and a 12-month high of $53.26. The firm has a market capitalization of $4.63 billion, a PE ratio of 5.65 and a beta of 4.14. The company has a quick ratio of 3.52, a current ratio of 3.52 and a debt-to-equity ratio of 0.67. The stock’s fifty day moving average is $43.18 and its 200-day moving average is $44.04.

SM Energy (NYSE:SM) last posted its quarterly earnings data on Thursday, October 31st. The energy company reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.10. SM Energy had a return on equity of 19.62% and a net margin of 33.89%. The firm had revenue of $643.60 million for the quarter, compared to the consensus estimate of $643.67 million. During the same quarter in the previous year, the company earned $1.73 EPS. The business’s revenue for the quarter was up .4% compared to the same quarter last year. Equities analysts anticipate that SM Energy will post 6.77 earnings per share for the current year.

SM Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 4th. Investors of record on Friday, October 25th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend was Friday, October 25th. This is an increase from SM Energy’s previous quarterly dividend of $0.18. SM Energy’s dividend payout ratio is 11.17%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SM shares. Mizuho reduced their price objective on shares of SM Energy from $62.00 to $57.00 and set an “outperform” rating for the company in a report on Monday, September 16th. Susquehanna reduced their price target on shares of SM Energy from $48.00 to $46.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Royal Bank of Canada reiterated a “sector perform” rating and set a $50.00 price objective on shares of SM Energy in a research note on Tuesday, October 8th. BMO Capital Markets cut their target price on SM Energy from $50.00 to $48.00 and set a “market perform” rating for the company in a research report on Friday, October 4th. Finally, Tudor Pickering upgraded SM Energy to a “strong-buy” rating in a research report on Wednesday, August 21st. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, SM Energy has a consensus rating of “Moderate Buy” and an average price target of $51.00.

About SM Energy

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.