Geode Capital Management LLC boosted its position in shares of SM Energy Company (NYSE:SM) by 17.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 821,243 shares of the energy company’s stock after buying an additional 124,044 shares during the period. Geode Capital Management LLC owned approximately 0.74% of SM Energy worth $19,726,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Alliancebernstein L.P. boosted its position in SM Energy by 33.1% in the first quarter. Alliancebernstein L.P. now owns 3,993,599 shares of the energy company’s stock worth $95,926,000 after buying an additional 994,186 shares during the period. Systematic Financial Management LP boosted its position in SM Energy by 14.4% in the first quarter. Systematic Financial Management LP now owns 1,306,178 shares of the energy company’s stock worth $31,374,000 after buying an additional 164,226 shares during the period. Investec Asset Management LTD boosted its position in SM Energy by 52.9% in the first quarter. Investec Asset Management LTD now owns 360,461 shares of the energy company’s stock worth $8,658,000 after buying an additional 124,741 shares during the period. Oregon Public Employees Retirement Fund increased its position in SM Energy by 1.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 33,885 shares of the energy company’s stock worth $814,000 after buying an additional 500 shares in the last quarter. Finally, Nationwide Fund Advisors increased its position in SM Energy by 2.1% in the first quarter. Nationwide Fund Advisors now owns 163,466 shares of the energy company’s stock worth $3,926,000 after buying an additional 3,438 shares in the last quarter. Institutional investors and hedge funds own 97.34% of the company’s stock.
Shares of SM Energy Company (NYSE:SM) traded up 2.01% on Tuesday, hitting $14.72. 5,522,779 shares of the stock traded hands. SM Energy Company has a 52 week low of $13.76 and a 52 week high of $43.09. The stock’s market cap is $1.64 billion. The stock has a 50 day moving average price of $16.39 and a 200-day moving average price of $21.86.
SM Energy (NYSE:SM) last issued its quarterly earnings results on Thursday, August 3rd. The energy company reported ($0.32) earnings per share for the quarter, meeting the consensus estimate of ($0.32). SM Energy had a negative net margin of 20.67% and a negative return on equity of 3.11%. The business had revenue of $284.94 million for the quarter, compared to the consensus estimate of $299.12 million. During the same quarter in the previous year, the firm earned ($0.44) earnings per share. The company’s revenue for the quarter was down 16.6% on a year-over-year basis. On average, equities research analysts forecast that SM Energy Company will post ($1.02) EPS for the current year.
A number of equities analysts have recently commented on the stock. Williams Capital restated a “buy” rating and set a $45.00 price objective on shares of SM Energy in a research note on Monday, April 17th. Royal Bank Of Canada set a $36.00 price objective on shares of SM Energy and gave the stock a “hold” rating in a research note on Tuesday, April 25th. Bank of America Corporation downgraded shares of SM Energy from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $48.00 to $37.00 in a research note on Thursday, May 11th. Scotiabank downgraded shares of SM Energy from an “outperform” rating to a “sector perform” rating and set a $24.00 price objective for the company. in a research note on Tuesday, May 16th. Finally, Barclays PLC restated an “overweight” rating and set a $30.00 price objective (down from $38.00) on shares of SM Energy in a research note on Saturday, April 22nd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $34.53.
In other SM Energy news, CEO Javan D. Ottoson purchased 2,000 shares of SM Energy stock in a transaction that occurred on Thursday, June 8th. The shares were bought at an average price of $16.44 per share, for a total transaction of $32,880.00. Following the completion of the transaction, the chief executive officer now owns 143,302 shares of the company’s stock, valued at approximately $2,355,884.88. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Herbert S. Vogel acquired 3,000 shares of the business’s stock in a transaction on Thursday, June 8th. The shares were purchased at an average price of $16.60 per share, for a total transaction of $49,800.00. Following the transaction, the executive vice president now directly owns 32,637 shares of the company’s stock, valued at $541,774.20. The disclosure for this purchase can be found here. 0.89% of the stock is owned by insiders.
About SM Energy
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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