New York State Common Retirement Fund Sells 328,684 Shares of SM Energy Company $SM

New York State Common Retirement Fund sold 328,684 shares of SM Energy, reducing its holdings by 38.8% in Q2. SM Energy's stock opened at $20.17, with a 1-year low of $17.58 and high of $44.95. Analysts have mixed ratings, with price targets ranging from $23 to $38. The company reported Q3 earnings of $1.33 per share, beating estimates.

New York State Common Retirement Fund lowered its holdings in SM Energy Company (NYSE:SM - Free Report) by 38.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 518,160 shares of the energy company's stock after selling 328,684 shares during the quarter. New York State Common Retirement Fund owned about 0.45% of SM Energy worth $12,804,000 at the end of the most recent quarter.

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Other institutional investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its holdings in shares of SM Energy by 69.5% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,017 shares of the energy company's stock valued at $30,000 after buying an additional 417 shares during the last quarter. Brooklyn Investment Group raised its holdings in shares of SM Energy by 1,097.9% in the 1st quarter. Brooklyn Investment Group now owns 1,138 shares of the energy company's stock worth $34,000 after acquiring an additional 1,043 shares during the last quarter. Flaharty Asset Management LLC bought a new position in SM Energy in the 1st quarter valued at about $45,000. MassMutual Private Wealth & Trust FSB lifted its position in SM Energy by 332.8% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,887 shares of the energy company's stock valued at $47,000 after acquiring an additional 1,451 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in SM Energy by 73.1% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,899 shares of the energy company's stock valued at $57,000 after purchasing an additional 802 shares during the last quarter. Institutional investors and hedge funds own 94.56% of the company's stock.

SM Energy Stock Up 3.3%

Shares of NYSE:SM opened at $20.17 on Thursday. SM Energy Company has a 1 year low of $17.58 and a 1 year high of $44.95. The company has a market capitalization of $2.31 billion, a PE ratio of 3.18 and a beta of 1.16. The business has a fifty day moving average price of $21.11 and a two-hundred day moving average price of $24.55. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.56 and a quick ratio of 0.56.

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SM Energy (NYSE:SM - Get Free Report) last issued its quarterly earnings results on Monday, November 3rd. The energy company reported $1.33 earnings per share for the quarter, topping analysts' consensus estimates of $1.25 by $0.08. SM Energy had a net margin of 22.03% and a return on equity of 16.67%. The company had revenue of $811.59 million for the quarter, compared to the consensus estimate of $838.24 million. During the same period in the previous year, the firm earned $1.62 EPS. The firm's quarterly revenue was up 26.1% on a year-over-year basis. Analysts forecast that SM Energy Company will post 8.1 earnings per share for the current year.

SM Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 3rd. Stockholders of record on Friday, October 17th were paid a dividend of $0.20 per share. The ex-dividend date was Friday, October 17th. This represents a $0.80 annualized dividend and a dividend yield of 4.0%. SM Energy's dividend payout ratio (DPR) is presently 12.62%.

Analyst Ratings Changes

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Several analysts have recently commented on the company. Wells Fargo & Company lowered their price objective on SM Energy from $30.00 to $23.00 and set an "equal weight" rating for the company in a research note on Friday, October 17th. Roth Capital set a $28.00 price target on SM Energy in a report on Monday, November 3rd. Mizuho set a $38.00 price objective on SM Energy in a research note on Friday, October 10th. Susquehanna reduced their target price on shares of SM Energy to $27.00 and set a "neutral" rating for the company in a research note on Monday, October 20th. Finally, Zacks Research upgraded shares of SM Energy from a "strong sell" rating to a "hold" rating in a report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, SM Energy presently has a consensus rating of "Hold" and a consensus target price of $36.64.

Get Our Latest Stock 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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