SM Energy (NYSE:SM) Position Cut by Cetera Trust Company N.A

Cetera Trust Company N.A trimmed its holdings in SM Energy (NYSE:SM) by 19.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,440 shares of the energy company’s stock after selling 600 shares during the quarter. Cetera Trust Company N.A’s holdings in SM Energy were worth $95,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. bought a new position in SM Energy in the 3rd quarter worth approximately $30,000. Blue Trust Inc. boosted its stake in SM Energy by 3,434.5% during the 3rd quarter. Blue Trust Inc. now owns 1,025 shares of the energy company’s stock valued at $44,000 after purchasing an additional 996 shares in the last quarter. Millburn Ridgefield Corp bought a new position in SM Energy during the 3rd quarter valued at $55,000. International Assets Investment Management LLC boosted its stake in SM Energy by 3,897.2% during the 3rd quarter. International Assets Investment Management LLC now owns 1,439 shares of the energy company’s stock valued at $58,000 after purchasing an additional 1,403 shares in the last quarter. Finally, Legacy Investment Solutions LLC bought a new position in SM Energy during the 3rd quarter valued at $83,000. 94.56% of the stock is owned by institutional investors.

SM Energy Price Performance

NYSE SM opened at $41.78 on Wednesday. The stock has a 50-day simple moving average of $41.74 and a 200 day simple moving average of $42.72. SM Energy has a twelve month low of $34.90 and a twelve month high of $53.26. The stock has a market capitalization of $4.78 billion, a PE ratio of 5.84 and a beta of 4.14. The company has a debt-to-equity ratio of 0.67, a quick ratio of 3.52 and a current ratio of 3.52.

SM Energy (NYSE:SM) last announced its earnings results on Thursday, October 31st. The energy company reported $1.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.10. SM Energy had a net margin of 33.89% and a return on equity of 19.62%. The business had revenue of $643.60 million for the quarter, compared to analyst estimates of $643.67 million. During the same quarter in the previous year, the firm posted $1.73 earnings per share. SM Energy’s revenue was up .4% compared to the same quarter last year. Research analysts anticipate that SM Energy will post 6.76 EPS for the current year.

SM Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 24th will be paid a $0.20 dividend. The ex-dividend date is Friday, January 24th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.91%. SM Energy’s payout ratio is 11.17%.

Analysts Set New Price Targets

A number of brokerages have issued reports on SM. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $53.00 price target (up from $51.00) on shares of SM Energy in a research note on Wednesday, December 4th. KeyCorp cut their price objective on SM Energy from $65.00 to $60.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. BMO Capital Markets cut their price objective 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. Royal Bank of Canada reiterated a “sector perform” rating and set a $50.00 price objective on shares of SM Energy in a research report on Tuesday, October 8th. Finally, Mizuho cut their price objective on SM Energy from $57.00 to $55.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, SM Energy currently has an average rating of “Moderate Buy” and a consensus price target of $51.90.

SM Energy Company Profile

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.