Heritage Family Offices LLP Has $242,000 Holdings in SM Energy (NYSE:SM)

Heritage Family Offices LLP increased its holdings in SM Energy (NYSE:SM) by 13.2% in the fourth quarter, HoldingsChannel reports. The firm owned 6,237 shares of the energy company’s stock after purchasing an additional 726 shares during the period. Heritage Family Offices LLP’s holdings in SM Energy were worth $242,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its stake in shares of SM Energy by 6.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,341,875 shares of the energy company’s stock worth $274,161,000 after acquiring an additional 384,675 shares in the last quarter. State Street Corp boosted its position in SM Energy by 1.9% during the third quarter. State Street Corp now owns 6,287,815 shares of the energy company’s stock worth $251,324,000 after purchasing an additional 114,664 shares during the period. Pacer Advisors Inc. grew its holdings in SM Energy by 2,515.6% during the third quarter. Pacer Advisors Inc. now owns 4,463,443 shares of the energy company’s stock valued at $178,404,000 after purchasing an additional 4,292,793 shares during the last quarter. Geode Capital Management LLC grew its holdings in SM Energy by 1.1% during the third quarter. Geode Capital Management LLC now owns 2,693,372 shares of the energy company’s stock valued at $107,675,000 after purchasing an additional 29,911 shares during the last quarter. Finally, River Road Asset Management LLC raised its position in shares of SM Energy by 0.7% in the third quarter. River Road Asset Management LLC now owns 1,792,573 shares of the energy company’s stock valued at $71,649,000 after purchasing an additional 12,669 shares during the period. 94.56% of the stock is owned by institutional investors and hedge funds.

SM Energy Stock Up 1.9 %

Shares of SM stock opened at $44.75 on Thursday. SM Energy has a one year low of $34.76 and a one year high of $53.26. 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 stock has a fifty day moving average price of $41.77 and a 200 day moving average price of $42.77. The stock has a market cap of $5.12 billion, a P/E ratio of 6.25 and a beta of 4.14.

SM Energy (NYSE:SM) last issued its earnings results on Thursday, October 31st. The energy company reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.10. SM Energy had a net margin of 33.89% and a return on equity of 19.62%. The business had revenue of $643.60 million for the quarter, compared to analyst estimates of $643.67 million. During the same period in the previous year, the business earned $1.73 EPS. The firm’s revenue was up .4% on a year-over-year basis. Analysts predict that SM Energy will post 6.8 earnings per share for the current year.

SM Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 24th will be issued a $0.20 dividend. The ex-dividend date is Friday, January 24th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.79%. SM Energy’s payout ratio is presently 11.17%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SM shares. TD Cowen upgraded shares of SM Energy from a “hold” rating to a “buy” rating and lowered their target price for the company from $64.00 to $60.00 in a research note on Tuesday, October 15th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $53.00 price target (up from $51.00) on shares of SM Energy in a research report on Wednesday, December 4th. Royal Bank of Canada reissued a “sector perform” rating and set a $50.00 price objective on shares of SM Energy in a research report on Tuesday, October 8th. BMO Capital Markets lowered their target price on SM Energy from $50.00 to $48.00 and set a “market perform” rating on the stock in a report on Friday, October 4th. Finally, Wells Fargo & Company dropped their price target on SM Energy from $47.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 17th. Seven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $51.90.

About SM Energy

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.