First National Bank of Omaha Purchases 4,534 Shares of SM Energy (NYSE:SM)

First National Bank of Omaha grew its position in shares of SM Energy (NYSE:SM) by 7.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,804 shares of the energy company’s stock after buying an additional 4,534 shares during the quarter. First National Bank of Omaha owned approximately 0.06% of SM Energy worth $2,630,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in SM. CWM LLC grew its stake in shares of SM Energy by 11.4% during the third quarter. CWM LLC now owns 2,853 shares of the energy company’s stock valued at $114,000 after purchasing an additional 293 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in SM Energy by 2.8% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 11,045 shares of the energy company’s stock valued at $477,000 after acquiring an additional 300 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in SM Energy by 7.0% in the third quarter. Sequoia Financial Advisors LLC now owns 5,843 shares of the energy company’s stock worth $234,000 after purchasing an additional 380 shares during the period. Arizona State Retirement System raised its holdings in SM Energy by 1.4% during the 2nd quarter. Arizona State Retirement System now owns 32,403 shares of the energy company’s stock worth $1,401,000 after purchasing an additional 437 shares during the last quarter. Finally, KBC Group NV lifted its position in SM Energy by 16.7% during the 3rd quarter. KBC Group NV now owns 3,321 shares of the energy company’s stock valued at $133,000 after purchasing an additional 476 shares during the period. 94.56% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on SM shares. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $53.00 price target (up previously from $51.00) on shares of SM Energy in a research report on Wednesday, December 4th. Susquehanna lowered their target price on shares of SM Energy from $48.00 to $46.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Stephens increased their price target on SM Energy from $56.00 to $57.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Truist Financial decreased their price objective on SM Energy from $46.00 to $38.00 and set a “hold” rating for the company in a research note on Monday, September 30th. Finally, StockNews.com lowered SM Energy from a “buy” rating to a “hold” rating in a research note on Friday, September 13th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $51.00.

SM Energy Stock Down 3.9 %

SM Energy stock opened at $40.18 on Monday. The company has a fifty day simple moving average of $43.36 and a 200 day simple moving average of $44.25. The company has a current ratio of 3.52, a quick ratio of 3.52 and a debt-to-equity ratio of 0.67. SM Energy has a 1-year low of $34.13 and a 1-year high of $53.26. The company has a market cap of $4.60 billion, a P/E ratio of 5.61 and a beta of 4.15.

SM Energy (NYSE:SM) last released its earnings results on Thursday, October 31st. The energy company reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.10. The business had revenue of $643.60 million for the quarter, compared to the consensus estimate of $643.67 million. SM Energy had a return on equity of 19.62% and a net margin of 33.89%. SM Energy’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.73 earnings per share. Research analysts anticipate that SM Energy will post 6.77 earnings per share for the current fiscal year.

SM Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 4th. Investors of record on Friday, October 25th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.99%. This is an increase from SM Energy’s previous quarterly dividend of $0.18. The ex-dividend date was Friday, October 25th. SM Energy’s payout ratio is presently 11.17%.

SM Energy Company 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.