South Dakota Investment Council Continues to Hold Position in SM Energy Company (SM)

South Dakota Investment Council maintained its position in SM Energy Company (NYSE:SM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,400 shares of the energy company’s stock at the close of the 2nd quarter. South Dakota Investment Council’s holdings in SM Energy were worth $850,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of SM. Meadow Creek Investment Management LLC lifted its stake in shares of SM Energy by 172.9% during the 1st quarter. Meadow Creek Investment Management LLC now owns 5,632 shares of the energy company’s stock valued at $135,000 after buying an additional 3,568 shares in the last quarter. Pacer Advisors Inc. lifted its stake in shares of SM Energy by 12.1% during the 2nd quarter. Pacer Advisors Inc. now owns 9,878 shares of the energy company’s stock valued at $163,000 after buying an additional 1,064 shares in the last quarter. Tocqueville Asset Management L.P. purchased a new position in shares of SM Energy during the 2nd quarter valued at $165,000. Credit Agricole S A lifted its stake in shares of SM Energy by 13.2% during the 1st quarter. Credit Agricole S A now owns 7,106 shares of the energy company’s stock valued at $171,000 after buying an additional 831 shares in the last quarter. Finally, B & T Capital Management DBA Alpha Capital Management lifted its stake in shares of SM Energy by 3.2% during the 2nd quarter. B & T Capital Management DBA Alpha Capital Management now owns 10,959 shares of the energy company’s stock valued at $181,000 after buying an additional 335 shares in the last quarter. 97.06% of the stock is owned by institutional investors and hedge funds.

SM Energy Company (NYSE SM) opened at 15.72 on Friday. The firm’s 50-day moving average is $14.54 and its 200-day moving average is $18.70. The firm’s market cap is $1.75 billion. SM Energy Company has a 52 week low of $12.29 and a 52 week high of $43.09.

SM Energy (NYSE:SM) last issued its quarterly earnings data on Thursday, August 3rd. The energy company reported ($0.32) earnings per share for the quarter, hitting the consensus estimate of ($0.32). The business had revenue of $284.94 million during the quarter, compared to the consensus estimate of $299.12 million. SM Energy had a negative net margin of 20.67% and a negative return on equity of 3.11%. The company’s revenue was down 16.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.44) EPS. On average, equities analysts anticipate that SM Energy Company will post ($1.14) earnings per share for the current year.

SM has been the topic of several research analyst reports. BidaskClub cut shares of SM Energy from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. Credit Suisse Group initiated coverage on shares of SM Energy in a research note on Thursday, June 1st. They issued an “outperform” rating and a $30.00 price target on the stock. BMO Capital Markets set a $20.00 price target on shares of SM Energy and gave the stock a “hold” rating in a research note on Saturday, August 5th. Bank of America Corporation initiated coverage on shares of SM Energy in a research note on Wednesday, July 19th. They issued a “neutral” rating and a $20.00 price target on the stock. Finally, Royal Bank Of Canada set a $20.00 price target on shares of SM Energy and gave the stock a “hold” rating in a research note on Thursday, August 24th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $31.87.

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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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Institutional Ownership by Quarter for SM Energy (NYSE:SM)

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