IFP Advisors Inc boosted its position in shares of SM Energy Co (NYSE:SM) by 340.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,341 shares of the energy company’s stock after buying an additional 3,356 shares during the period. IFP Advisors Inc’s holdings in SM Energy were worth $137,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Qube Research & Technologies Ltd bought a new position in SM Energy during the second quarter valued at approximately $109,000. Russell Investments Group Ltd. boosted its stake in SM Energy by 50.2% during the second quarter. Russell Investments Group Ltd. now owns 7,685 shares of the energy company’s stock valued at $199,000 after buying an additional 2,570 shares during the last quarter. Cypress Asset Management Inc. TX bought a new position in SM Energy during the second quarter valued at approximately $218,000. Crossmark Global Holdings Inc. bought a new position in SM Energy during the second quarter valued at approximately $259,000. Finally, Strs Ohio bought a new position in SM Energy during the second quarter valued at approximately $311,000.

NYSE:SM opened at $22.79 on Friday. The company has a market capitalization of $2.75 billion, a PE ratio of -27.79, a P/E/G ratio of 8.13 and a beta of 2.99. SM Energy Co has a 1 year low of $16.11 and a 1 year high of $33.76. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.62 and a quick ratio of 0.91.

SM Energy (NYSE:SM) last issued its quarterly earnings results on Thursday, November 1st. The energy company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.17). SM Energy had a return on equity of 0.59% and a net margin of 8.56%. The business had revenue of $459.37 million during the quarter, compared to analysts’ expectations of $429.63 million. During the same quarter in the previous year, the company posted ($0.25) earnings per share. The company’s quarterly revenue was up 55.5% compared to the same quarter last year. Research analysts expect that SM Energy Co will post 0.28 EPS for the current fiscal year.

The firm also recently declared a semiannual dividend, which was paid on Wednesday, November 7th. Stockholders of record on Friday, October 26th were issued a $0.05 dividend. The ex-dividend date was Thursday, October 25th. This represents a dividend yield of 0.31%. SM Energy’s payout ratio is -12.20%.

Several research firms have recently issued reports on SM. Williams Capital set a $44.00 price objective on SM Energy and gave the company a “buy” rating in a research note on Thursday, October 18th. Scotiabank raised SM Energy from a “sector perform” rating to an “outperform” rating in a research note on Thursday, September 27th. Citigroup raised their price objective on SM Energy to $29.00 and gave the company a “neutral” rating in a research note on Friday, August 17th. Zacks Investment Research raised SM Energy from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Tuesday, October 9th. Finally, Scotia Howard Weill raised SM Energy from a “sector perform” rating to a “sector outperform” rating in a research note on Thursday, September 27th. Six equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $32.31.

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SM Energy 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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