Segall Bryant & Hamill LLC Raises Holdings in SM Energy (NYSE:SM)

Segall Bryant & Hamill LLC raised its position in SM Energy (NYSE:SM) by 20.4% during the fourth quarter, HoldingsChannel reports. The firm owned 148,894 shares of the energy company’s stock after purchasing an additional 25,196 shares during the period. Segall Bryant & Hamill LLC’s holdings in SM Energy were worth $5,771,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Barclays PLC grew its position in shares of SM Energy by 47.3% in the third quarter. Barclays PLC now owns 250,218 shares of the energy company’s stock valued at $10,002,000 after purchasing an additional 80,343 shares in the last quarter. National Bank of Canada FI purchased a new stake in SM Energy in the 3rd quarter valued at $259,000. World Investment Advisors LLC acquired a new stake in shares of SM Energy in the 3rd quarter worth $3,048,000. Townsquare Capital LLC raised its holdings in shares of SM Energy by 267.4% during the 3rd quarter. Townsquare Capital LLC now owns 391,107 shares of the energy company’s stock worth $15,633,000 after acquiring an additional 284,665 shares during the period. Finally, Range Financial Group LLC acquired a new position in shares of SM Energy during the 4th quarter valued at about $833,000. Institutional investors and hedge funds own 94.56% of the company’s stock.

SM Energy Trading Up 0.9 %

Shares of SM stock opened at $30.80 on Thursday. SM Energy has a fifty-two week low of $26.66 and a fifty-two week high of $53.26. The company has a 50 day moving average price of $35.23 and a 200 day moving average price of $39.54. The stock has a market capitalization of $3.52 billion, a P/E ratio of 4.61 and a beta of 4.14. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.52 and a current ratio of 0.55.

SM Energy (NYSE:SM) last posted its quarterly earnings data on Wednesday, February 19th. The energy company reported $1.91 earnings per share for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.09). The company had revenue of $852.22 million for the quarter, compared to analysts’ expectations of $849.44 million. SM Energy had a return on equity of 19.82% and a net margin of 28.63%. Equities research analysts predict that SM Energy will post 8.1 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on SM. StockNews.com cut shares of SM Energy from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Mizuho decreased their price objective on SM Energy from $57.00 to $55.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. JPMorgan Chase & Co. cut their target price on SM Energy from $54.00 to $41.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. Stephens reiterated an “overweight” rating and set a $57.00 price target on shares of SM Energy in a report on Thursday, January 2nd. Finally, Truist Financial raised their price objective on SM Energy from $42.00 to $45.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. 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 stock. According to MarketBeat.com, SM Energy presently has a consensus rating of “Moderate Buy” and an average target price of $48.00.

Insiders Place Their Bets

In other news, Director Barton R. Brookman, Jr. purchased 7,000 shares of the stock in a transaction on Wednesday, February 26th. The stock was bought at an average price of $32.36 per share, for a total transaction of $226,520.00. Following the acquisition, the director now directly owns 14,666 shares of the company’s stock, valued at approximately $474,591.76. The trade was a 91.31 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.50% of the stock is owned by company insiders.

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.