Dynamic Technology Lab Private Ltd Sells 65,407 Shares of SM Energy (NYSE:SM)

Dynamic Technology Lab Private Ltd reduced its holdings in shares of SM Energy (NYSE:SM) by 74.9% during the third quarter, HoldingsChannel.com reports. The fund owned 21,971 shares of the energy company’s stock after selling 65,407 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in SM Energy were worth $878,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of SM. Fisher Asset Management LLC raised its stake in shares of SM Energy by 17.6% during the 3rd quarter. Fisher Asset Management LLC now owns 165,005 shares of the energy company’s stock worth $6,595,000 after purchasing an additional 24,660 shares during the period. Pekin Hardy Strauss Inc. increased its holdings in SM Energy by 7.3% during the third quarter. Pekin Hardy Strauss Inc. now owns 178,750 shares of the energy company’s stock worth $7,145,000 after buying an additional 12,102 shares during the last quarter. Pitcairn Co. raised its position in SM Energy by 29.0% in the third quarter. Pitcairn Co. now owns 21,046 shares of the energy company’s stock worth $841,000 after acquiring an additional 4,734 shares during the period. Algert Global LLC boosted its stake in SM Energy by 1,375.8% in the third quarter. Algert Global LLC now owns 172,000 shares of the energy company’s stock valued at $6,875,000 after acquiring an additional 160,345 shares during the last quarter. Finally, Cerity Partners LLC grew its position in shares of SM Energy by 10.2% during the 3rd quarter. Cerity Partners LLC now owns 48,119 shares of the energy company’s stock valued at $1,923,000 after acquiring an additional 4,471 shares during the period. Hedge funds and other institutional investors own 94.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on SM. KeyCorp lowered their price target on shares of SM Energy from $65.00 to $60.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. StockNews.com downgraded shares of SM Energy from a “buy” rating to a “hold” rating in a report on Friday, September 13th. JPMorgan Chase & Co. upped their price target on shares of SM Energy from $50.00 to $54.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $50.00 price objective on shares of SM Energy in a report on Tuesday, October 8th. Finally, BMO Capital Markets lowered their target price on shares of SM Energy from $50.00 to $48.00 and set a “market perform” rating on the stock in a report on Friday, October 4th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, SM Energy has an average rating of “Moderate Buy” and an average price target of $51.09.

SM Energy Price Performance

SM Energy stock opened at $44.85 on Thursday. The stock has a market cap of $5.13 billion, a price-to-earnings ratio of 6.26 and a beta of 4.18. 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 business has a 50-day simple moving average of $42.96 and a 200 day simple moving average of $44.56. SM Energy has a 52 week low of $34.13 and a 52 week high of $53.26.

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

SM Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 4th. Stockholders of record on Friday, October 25th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, October 25th. This represents a $0.80 annualized dividend and a dividend yield of 1.78%. This is a boost from SM Energy’s previous quarterly dividend of $0.18. SM Energy’s dividend payout ratio (DPR) is 11.17%.

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.