Pekin Hardy Strauss Inc. Has $6.69 Million Position in SM Energy (NYSE:SM)

by · The Cerbat Gem

Pekin Hardy Strauss Inc. cut its stake in shares of SM Energy (NYSE:SM – Free Report) by 3.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 172,525 shares of the energy company’s stock after selling 6,225 shares during the quarter. SM Energy makes up approximately 0.8% of Pekin Hardy Strauss Inc.’s portfolio, making the stock its 27th biggest position. Pekin Hardy Strauss Inc.’s holdings in SM Energy were worth $6,687,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SM. Harbor Capital Advisors Inc. acquired a new position in SM Energy during the 3rd quarter worth about $30,000. Blue Trust Inc. raised its position in shares of SM Energy by 3,434.5% in the 3rd quarter. Blue Trust Inc. now owns 1,025 shares of the energy company’s stock worth $44,000 after acquiring an additional 996 shares in the last quarter. Millburn Ridgefield Corp bought a new position in shares of SM Energy in the 3rd quarter worth about $55,000. International Assets Investment Management LLC raised its position in shares of SM Energy by 3,897.2% in the 3rd quarter. International Assets Investment Management LLC now owns 1,439 shares of the energy company’s stock worth $58,000 after acquiring an additional 1,403 shares in the last quarter. Finally, R Squared Ltd bought a new position in shares of SM Energy in the 4th quarter worth about $61,000. 94.56% of the stock is owned by institutional investors and hedge funds.

SM Energy Stock Performance

Shares of SM Energy stock opened at $34.37 on Friday. SM Energy has a one year low of $34.06 and a one year high of $53.26. The firm has a market capitalization of $3.93 billion, a price-to-earnings ratio of 5.15 and a beta of 4.11. The business has a 50-day simple moving average of $39.64 and a 200 day simple moving average of $41.79. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.55 and a quick ratio of 3.52.

SM Energy (NYSE:SM – Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The energy company reported $1.91 EPS 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 the consensus estimate of $849.44 million. SM Energy had a return on equity of 19.82% and a net margin of 28.63%. On average, research analysts anticipate that SM Energy will post 8.1 earnings per share for the current fiscal year.

SM Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 24th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date was Friday, January 24th. SM Energy’s dividend payout ratio is currently 11.98%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SM. StockNews.com raised SM Energy from a “hold” rating to a “buy” rating in a research report on Thursday. Truist Financial lifted 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. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $53.00 price objective (up from $51.00) on shares of SM Energy in a research report on Wednesday, December 4th. Stephens reissued an “overweight” rating and issued a $57.00 price objective on shares of SM Energy in a research report on Thursday, January 2nd. Finally, Mizuho decreased their target price 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. Six equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $51.90.

Read Our Latest Research Report on SM Energy

SM Energy Company Profile

(Free Report)

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.

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