James Investment Research Inc. Buys New Stake in SM Energy Co (SM)

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James Investment Research Inc. bought a new position in SM Energy Co (NYSE:SM) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 70,680 shares of the energy company’s stock, valued at approximately $2,229,000.

A number of other large investors also recently made changes to their positions in SM. BlackRock Inc. lifted its stake in SM Energy by 1.5% in the second quarter. BlackRock Inc. now owns 9,014,452 shares of the energy company’s stock worth $231,579,000 after purchasing an additional 130,241 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in SM Energy by 6.3% in the second quarter. Dimensional Fund Advisors LP now owns 7,523,341 shares of the energy company’s stock worth $193,278,000 after purchasing an additional 447,610 shares during the last quarter. Bank of America Corp DE lifted its stake in SM Energy by 209.4% in the second quarter. Bank of America Corp DE now owns 3,471,682 shares of the energy company’s stock worth $89,187,000 after purchasing an additional 2,349,442 shares during the last quarter. Frontier Capital Management Co. LLC lifted its stake in SM Energy by 15.3% in the second quarter. Frontier Capital Management Co. LLC now owns 2,878,739 shares of the energy company’s stock worth $73,955,000 after purchasing an additional 382,935 shares during the last quarter. Finally, BlueMountain Capital Management LLC lifted its stake in SM Energy by 376.1% in the second quarter. BlueMountain Capital Management LLC now owns 1,266,031 shares of the energy company’s stock worth $32,524,000 after purchasing an additional 1,000,107 shares during the last quarter.

Several analysts have weighed in on the stock. Royal Bank of Canada set a $29.00 price target on shares of SM Energy and gave the stock a “hold” rating in a research note on Thursday, August 2nd. KLR Group reissued a “buy” rating and issued a $40.00 price target on shares of SM Energy in a research note on Monday, August 20th. Scotia Howard Weill raised shares of SM Energy from a “sector perform” rating to a “sector outperform” rating in a research note on Thursday, September 27th. Stifel Nicolaus boosted their price target on shares of SM Energy from $40.00 to $41.00 and gave the stock a “buy” rating in a research note on Friday, July 20th. Finally, Williams Capital set a $44.00 price target on shares of SM Energy and gave the stock a “buy” rating in a research note on Thursday, October 18th. Six research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $32.31.

Shares of NYSE:SM opened at $24.10 on Wednesday. The stock has a market cap of $2.84 billion, a PE ratio of -29.39, a PEG ratio of 5.21 and a beta of 3.03. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.94. SM Energy Co has a 12 month low of $16.11 and a 12 month high of $33.76.

SM Energy (NYSE:SM) last issued its quarterly earnings data on Thursday, August 2nd. The energy company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.06 by $0.09. The firm had revenue of $402.60 million during the quarter, compared to the consensus estimate of $371.54 million. SM Energy had a net margin of 11.85% and a negative return on equity of 0.43%. The company’s quarterly revenue was up 41.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.32) earnings per share. On average, equities analysts anticipate that SM Energy Co will post 0.49 earnings per share for the current year.

The company also recently disclosed a semiannual dividend, which will be paid on Wednesday, November 7th. Stockholders of record on Friday, October 26th will be paid a dividend of $0.05 per share. This represents a dividend yield of 0.31%. The ex-dividend date is Thursday, October 25th. SM Energy’s dividend payout ratio (DPR) is -12.20%.

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. It primarily has operations in the Midland Basin and the Eagle Ford shale in Texas. As of December 31, 2017, the company had 468.1 million barrels of oil equivalent of estimated proved reserves; and working interests in 919 net productive oil wells and 489 net productive gas wells.

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

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