Stonehearth Capital Management LLC Has $253,000 Holdings in SM Energy (NYSE:SM)

Stonehearth Capital Management LLC decreased its position in shares of SM Energy (NYSE:SM) by 9.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,528 shares of the energy company’s stock after selling 682 shares during the quarter. Stonehearth Capital Management LLC’s holdings in SM Energy were worth $253,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SM. Plato Investment Management Ltd increased its position in SM Energy by 461.9% in the 2nd quarter. Plato Investment Management Ltd now owns 590 shares of the energy company’s stock valued at $26,000 after acquiring an additional 485 shares during the period. Harbor Capital Advisors Inc. bought a new stake in shares of SM Energy in the third quarter worth $30,000. Blue Trust Inc. grew its stake in shares of SM Energy by 3,434.5% in the third quarter. Blue Trust Inc. now owns 1,025 shares of the energy company’s stock worth $44,000 after purchasing an additional 996 shares during the last quarter. Millburn Ridgefield Corp acquired a new stake in SM Energy in the third quarter valued at $55,000. Finally, International Assets Investment Management LLC raised its position in SM Energy by 3,897.2% during the 3rd quarter. International Assets Investment Management LLC now owns 1,439 shares of the energy company’s stock worth $58,000 after purchasing an additional 1,403 shares during the last quarter. Institutional investors own 94.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on SM shares. Truist Financial reduced their price target on SM Energy from $46.00 to $38.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. KeyCorp decreased their target price on shares of SM Energy from $65.00 to $60.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. BMO Capital Markets lowered their price target on shares of SM Energy from $50.00 to $48.00 and set a “market perform” rating for the company in a report on Friday, October 4th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $53.00 price objective (up from $51.00) on shares of SM Energy in a research note on Wednesday, December 4th. Finally, Stephens reissued an “overweight” rating and set a $57.00 target price on shares of SM Energy in a research note on Thursday, January 2nd. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $50.64.

SM Energy Stock Up 2.8 %

Shares of SM stock traded up $1.15 on Tuesday, reaching $42.01. 647,508 shares of the company were exchanged, compared to its average volume of 887,298. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.52 and a quick ratio of 3.52. The company has a 50-day moving average of $41.55 and a 200-day moving average of $42.92. The company has a market cap of $4.81 billion, a price-to-earnings ratio of 5.87 and a beta of 4.14. SM Energy has a one year low of $34.76 and a one year high of $53.26.

SM Energy (NYSE:SM) last announced its quarterly earnings data on Thursday, October 31st. The energy company reported $1.62 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.10. The firm had revenue of $643.60 million during the quarter, compared to analysts’ expectations of $643.67 million. SM Energy had a return on equity of 19.62% and a net margin of 33.89%. The company’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.73 earnings per share. Analysts anticipate that SM Energy will post 6.77 earnings per share for the current year.

SM Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 24th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $0.80 dividend on an annualized basis and a yield of 1.90%. SM Energy’s dividend payout ratio (DPR) is presently 11.17%.

SM Energy Profile

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.