SM Energy Company $SM Shares Sold by Comerica Bank

Comerica Bank trimmed its holdings in shares of SM Energy Company (NYSE:SM – Free Report) by 27.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 85,184 shares of the energy company’s stock after selling 32,340 shares during the period. Comerica Bank’s holdings in SM Energy were worth $1,593,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. First National Advisers LLC lifted its stake in SM Energy by 4.8% during the 3rd quarter. First National Advisers LLC now owns 12,604 shares of the energy company’s stock valued at $315,000 after acquiring an additional 578 shares during the period. Meeder Asset Management Inc. lifted its stake in SM Energy by 1.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 44,701 shares of the energy company’s stock valued at $1,116,000 after acquiring an additional 650 shares during the period. First Horizon Corp lifted its stake in SM Energy by 57.4% during the 4th quarter. First Horizon Corp now owns 1,860 shares of the energy company’s stock valued at $35,000 after acquiring an additional 678 shares during the period. Hodges Capital Management Inc. lifted its stake in SM Energy by 1.0% during the 3rd quarter. Hodges Capital Management Inc. now owns 74,613 shares of the energy company’s stock valued at $1,863,000 after acquiring an additional 705 shares during the period. Finally, US Bancorp DE lifted its stake in SM Energy by 1.5% during the 3rd quarter. US Bancorp DE now owns 48,942 shares of the energy company’s stock valued at $1,222,000 after acquiring an additional 720 shares during the period. 94.56% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SM has been the subject of several recent research reports. Stephens lifted their target price on shares of SM Energy from $48.00 to $49.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Mizuho set a $34.00 target price on shares of SM Energy in a report on Friday, January 9th. Roth Mkm reaffirmed a “neutral” rating and set a $33.00 target price (up from $24.00) on shares of SM Energy in a report on Wednesday, April 8th. Susquehanna cut their target price on shares of SM Energy from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Monday, January 26th. Finally, JPMorgan Chase & Co. raised shares of SM Energy from a “neutral” rating to an “overweight” rating and set a $40.00 target price for the company in a report on Friday, March 20th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $33.62.

Check Out Our Latest Stock Report on SM

SM Energy Price Performance

NYSE:SM opened at $29.06 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.69 and a quick ratio of 0.69. The firm has a market cap of $6.97 billion, a price-to-earnings ratio of 12.21 and a beta of 0.73. The company has a 50 day moving average price of $28.12 and a 200-day moving average price of $22.56. SM Energy Company has a 1-year low of $17.45 and a 1-year high of $33.25.

SM Energy (NYSE:SM – Get Free Report) last posted its earnings results on Wednesday, May 6th. The energy company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.42. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.42 billion. SM Energy had a net margin of 3.45% and a return on equity of 15.53%. The business’s quarterly revenue was up 75.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.76 EPS. Equities research analysts forecast that SM Energy Company will post 6.85 EPS for the current year.

SM Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 23rd. Investors of record on Monday, March 9th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Monday, March 9th. This is a boost from SM Energy’s previous quarterly dividend of $0.20. SM Energy’s payout ratio is presently 15.58%.

About SM Energy

(Free Report)

SM Energy Company (NYSE: SM) is an independent energy firm engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company focuses on identifying and exploiting unconventional onshore basins, leveraging advanced drilling and completion techniques to optimize resource recovery. SM Energy’s operations are supported by an integrated approach to reservoir management and strategic midstream partnerships, enabling efficient transportation and marketing of hydrocarbons.

The company’s core asset areas include prolific basins such as the Permian, Eagle Ford, and the Rocky Mountain region.

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