Verition Fund Management LLC reduced its holdings in SM Energy Co (NYSE:SM) by 34.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,073 shares of the energy company’s stock after selling 25,105 shares during the quarter. Verition Fund Management LLC’s holdings in SM Energy were worth $1,061,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in SM. EnCap Energy Capital Fund IX L.P. bought a new position in SM Energy in the 4th quarter worth about $180,780,000. Millennium Management LLC increased its stake in SM Energy by 16.9% in the 4th quarter. Millennium Management LLC now owns 6,853,962 shares of the energy company’s stock worth $151,335,000 after acquiring an additional 988,583 shares during the last quarter. Mackenzie Financial Corp increased its stake in SM Energy by 141.0% in the 4th quarter. Mackenzie Financial Corp now owns 1,674,685 shares of the energy company’s stock worth $36,977,000 after acquiring an additional 979,685 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in SM Energy by 12.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,747,344 shares of the energy company’s stock worth $84,220,000 after acquiring an additional 536,076 shares during the last quarter. Finally, Capital Fund Management S.A. increased its stake in SM Energy by 159.0% in the 4th quarter. Capital Fund Management S.A. now owns 861,468 shares of the energy company’s stock worth $19,021,000 after acquiring an additional 528,896 shares during the last quarter. Institutional investors and hedge funds own 97.36% of the company’s stock.
A number of equities analysts have recently issued reports on SM shares. Stifel Nicolaus set a $44.00 price objective on SM Energy and gave the stock a “buy” rating in a report on Monday, January 29th. Royal Bank of Canada reiterated a “hold” rating and issued a $24.00 price objective on shares of SM Energy in a report on Wednesday, January 10th. Citigroup upgraded SM Energy from a “neutral” rating to a “positive” rating in a report on Tuesday, February 20th. Barclays upped their price objective on SM Energy from $21.00 to $23.00 and gave the stock an “overweight” rating in a report on Monday, November 20th. Finally, UBS upgraded SM Energy from a “neutral” rating to a “positive” rating in a report on Tuesday, February 20th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $27.69.
Shares of SM Energy Co (NYSE SM) opened at $17.91 on Friday. SM Energy Co has a fifty-two week low of $12.29 and a fifty-two week high of $28.20. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.21.
SM Energy (NYSE:SM) last issued its earnings results on Wednesday, February 21st. The energy company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.07. The company had revenue of $340.53 million during the quarter, compared to analysts’ expectations of $330.83 million. SM Energy had a negative return on equity of 2.09% and a negative net margin of 12.43%. SM Energy’s quarterly revenue was down 10.4% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.31) EPS. equities research analysts anticipate that SM Energy Co will post 0.04 earnings per share for the current fiscal year.
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SM Energy Company Profile
SM Energy Company is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of crude oil and condensate, natural gas and natural gas liquids in onshore North America. It operates in the exploration and production segment of the oil and gas industry within the United States.
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