Quantbot Technologies LP Makes New $4.67 Million Investment in SM Energy Company $SM

Quantbot Technologies LP acquired a new position in shares of SM Energy Company (NYSE:SM) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 178,800 shares of the energy company’s stock, valued at approximately $4,667,000. Quantbot Technologies LP owned about 0.08% of SM Energy as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Royal Bank of Canada raised its holdings in SM Energy by 112.1% in the 1st quarter. Royal Bank of Canada now owns 94,115 shares of the energy company’s stock valued at $2,935,000 after buying an additional 49,740 shares during the last quarter. GSA Capital Partners LLP acquired a new position in SM Energy in the 2nd quarter valued at approximately $2,243,000. Mitsubishi UFJ Trust & Banking Corp increased its position in SM Energy by 96.1% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 114,609 shares of the energy company’s stock valued at $2,143,000 after acquiring an additional 56,160 shares during the period. Denali Advisors LLC raised its stake in shares of SM Energy by 22.2% during the fourth quarter. Denali Advisors LLC now owns 300,000 shares of the energy company’s stock valued at $5,610,000 after acquiring an additional 54,428 shares during the last quarter. Finally, UBS Group AG raised its stake in shares of SM Energy by 23.0% during the fourth quarter. UBS Group AG now owns 666,070 shares of the energy company’s stock valued at $12,456,000 after acquiring an additional 124,448 shares during the last quarter. 94.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on SM shares. Stephens decreased their price objective on SM Energy from $61.00 to $52.00 and set an “overweight” rating for the company in a report on Tuesday, July 7th. Siebert Williams Shank raised SM Energy from a “hold” rating to a “buy” rating and increased their price target for the company from $30.00 to $41.00 in a research note on Thursday, May 14th. Wall Street Zen raised SM Energy from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Raymond James Financial reduced their target price on SM Energy from $55.00 to $48.00 and set an “outperform” rating on the stock in a report on Tuesday, July 21st. Finally, Roth Capital upgraded shares of SM Energy from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $30.00 to $32.00 in a research report on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $37.93.

SM Energy Trading Down 0.8%

SM opened at $37.34 on Friday. The company has a fifty day moving average price of $30.18 and a two-hundred day moving average price of $28.80. SM Energy Company has a 1-year low of $17.45 and a 1-year high of $38.25. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.85. The company has a market cap of $8.88 billion, a P/E ratio of 7.35 and a beta of 0.73.

SM Energy (NYSE:SM) last announced its quarterly earnings results on Wednesday, August 5th. The energy company reported $2.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.23. The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.02 billion. SM Energy had a return on equity of 17.93% and a net margin of 18.20%.The company’s quarterly revenue was up 215.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.50 earnings per share. Analysts predict that SM Energy Company will post 7.36 EPS for the current fiscal year.

About SM Energy

SM Energy Company (NYSE: SM) is an independent energy firm engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company focuses on identifying and exploiting unconventional onshore basins, leveraging advanced drilling and completion techniques to optimize resource recovery. SM Energy’s operations are supported by an integrated approach to reservoir management and strategic midstream partnerships, enabling efficient transportation and marketing of hydrocarbons.

The company’s core asset areas include prolific basins such as the Permian, Eagle Ford, and the Rocky Mountain region.