GAMMA Investing LLC Has $282,000 Holdings in SM Energy (NYSE:SM)

by · The Cerbat Gem

GAMMA Investing LLC lifted its stake in shares of SM Energy (NYSE:SM – Free Report) by 7.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,062 shares of the energy company’s stock after acquiring an additional 505 shares during the period. GAMMA Investing LLC’s holdings in SM Energy were worth $282,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jupiter Asset Management Ltd. increased its holdings in SM Energy by 929.6% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 1,159,488 shares of the energy company’s stock worth $50,125,000 after purchasing an additional 1,046,872 shares in the last quarter. Congress Asset Management Co. MA grew its holdings in shares of SM Energy by 848.7% during the fourth quarter. Congress Asset Management Co. MA now owns 877,739 shares of the energy company’s stock worth $33,986,000 after buying an additional 785,222 shares in the last quarter. Dimensional Fund Advisors LP raised its position in SM Energy by 6.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,341,875 shares of the energy company’s stock valued at $274,161,000 after buying an additional 384,675 shares during the last quarter. SIR Capital Management L.P. lifted its stake in SM Energy by 144.7% in the 2nd quarter. SIR Capital Management L.P. now owns 457,854 shares of the energy company’s stock valued at $19,793,000 after acquiring an additional 270,754 shares in the last quarter. Finally, Westwood Holdings Group Inc. boosted its position in SM Energy by 20.0% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,552,004 shares of the energy company’s stock worth $77,367,000 after acquiring an additional 258,733 shares during the last quarter. 94.56% of the stock is currently owned by institutional investors and hedge funds.

SM Energy Stock Performance

SM opened at $44.89 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. The stock has a market cap of $5.16 billion, a price-to-earnings ratio of 7.04 and a beta of 4.18. SM Energy has a 12-month low of $34.13 and a 12-month high of $53.26. The business has a 50 day moving average of $42.66 and a 200-day moving average of $46.22.

SM Energy (NYSE:SM – Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The energy company reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.28. The business had revenue of $634.56 million for the quarter, compared to analyst estimates of $616.63 million. SM Energy had a net margin of 33.18% and a return on equity of 21.01%. SM Energy’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.28 EPS. On average, equities research analysts expect that SM Energy will post 7.08 earnings per share for the current year.

SM Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 4th. Stockholders of record on Friday, October 25th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, October 25th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.78%. This is a positive change from SM Energy’s previous quarterly dividend of $0.18. SM Energy’s dividend payout ratio (DPR) is 12.54%.

Analyst Upgrades and Downgrades

SM has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their price objective on shares of SM Energy from $50.00 to $54.00 and gave the stock an “overweight” rating in a research report on Tuesday. BMO Capital Markets cut their price target on shares of SM Energy from $50.00 to $48.00 and set a “market perform” rating on the stock in a research report on Friday, October 4th. Tudor Pickering upgraded shares of SM Energy to a “strong-buy” rating in a research note on Wednesday, August 21st. Wells Fargo & Company lowered their target price on SM Energy from $48.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 1st. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $50.00 price target on shares of SM Energy in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $51.40.

Read Our Latest Stock Analysis on SM

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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