First Mercantile Trust Co. decreased its holdings in shares of SM Energy Co (NYSE:SM) by 5.4% during the first quarter, HoldingsChannel reports. The institutional investor owned 16,493 shares of the energy company’s stock after selling 946 shares during the period. First Mercantile Trust Co.’s holdings in SM Energy were worth $288,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Oregon Public Employees Retirement Fund lifted its holdings in SM Energy by 1,476.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 632,250 shares of the energy company’s stock valued at $41,000 after purchasing an additional 592,145 shares in the last quarter. Private Capital Group LLC lifted its holdings in SM Energy by 113.3% in the 1st quarter. Private Capital Group LLC now owns 2,536 shares of the energy company’s stock valued at $44,000 after purchasing an additional 1,347 shares in the last quarter. Bessemer Group Inc. purchased a new position in SM Energy in the 4th quarter valued at $75,000. Nisa Investment Advisors LLC purchased a new position in SM Energy in the 4th quarter valued at $79,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in SM Energy by 19.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,796 shares of the energy company’s stock valued at $121,000 after purchasing an additional 1,248 shares in the last quarter.

In related news, CEO Javan D. Ottoson bought 5,000 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was acquired at an average cost of $14.63 per share, with a total value of $73,150.00. Following the purchase, the chief executive officer now directly owns 182,126 shares of the company’s stock, valued at $2,664,503.38. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.00% of the stock is owned by company insiders.

SM has been the topic of a number of research reports. Barclays set a $26.00 price objective on SM Energy and gave the company a “buy” rating in a report on Tuesday, February 5th. ValuEngine lowered SM Energy from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. Zacks Investment Research upgraded SM Energy from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 6th. Wells Fargo & Co restated a “buy” rating on shares of SM Energy in a report on Friday, April 12th. Finally, Macquarie lowered SM Energy from an “outperform” rating to a “neutral” rating and set a $16.00 price objective on the stock. in a report on Friday, February 22nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $29.00.

Shares of SM opened at $15.88 on Friday. SM Energy Co has a 52-week low of $13.15 and a 52-week high of $33.76. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 529.33 and a beta of 3.03. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.41 and a quick ratio of 0.41.

SM Energy (NYSE:SM) last issued its earnings results on Wednesday, May 1st. The energy company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06). SM Energy had a negative return on equity of 1.52% and a net margin of 0.82%. The company had revenue of $340.90 million during the quarter, compared to analyst estimates of $341.25 million. During the same period last year, the business earned $0.07 earnings per share. The firm’s revenue was down 55.7% compared to the same quarter last year. On average, sell-side analysts forecast that SM Energy Co will post -0.26 EPS for the current fiscal year.

The business also recently announced a semiannual dividend, which was paid on Wednesday, May 8th. Shareholders of record on Friday, April 26th were paid a $0.05 dividend. This represents a dividend yield of 0.58%. The ex-dividend date of this dividend was Thursday, April 25th. SM Energy’s dividend payout ratio (DPR) is presently 333.33%.

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SM Energy Company Profile

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids in onshore North America. As of December 31, 2018, the company had 503.4 million barrels of oil equivalent of estimated proved reserves; and working interests in 715 gross productive oil wells and 504 gross productive gas wells primarily in the Permian, South Texas, and Gulf Coast regions in the United States.

Further Reading: Mutual Funds

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Institutional Ownership by Quarter for SM Energy (NYSE:SM)

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