State of Alaska Department of Revenue decreased its position in SM Energy Co (NYSE:SM) by 1.7% in the 4th quarter, Holdings Channel reports. The fund owned 80,107 shares of the energy company’s stock after selling 1,385 shares during the period. State of Alaska Department of Revenue’s holdings in SM Energy were worth $900,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of SM Energy by 31.0% during the 2nd quarter. BlackRock Inc. now owns 12,334,776 shares of the energy company’s stock valued at $154,433,000 after buying an additional 2,921,362 shares during the last quarter. Vanguard Group Inc. lifted its stake in SM Energy by 5.6% in the second quarter. Vanguard Group Inc. now owns 10,926,493 shares of the energy company’s stock valued at $136,799,000 after buying an additional 582,176 shares during the last quarter. Macquarie Group Ltd. lifted its stake in SM Energy by 15.3% in the second quarter. Macquarie Group Ltd. now owns 3,985,054 shares of the energy company’s stock valued at $49,893,000 after buying an additional 529,277 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its stake in SM Energy by 31.9% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,453,732 shares of the energy company’s stock valued at $18,201,000 after buying an additional 351,396 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in SM Energy by 8.3% in the second quarter. Northern Trust Corp now owns 1,055,129 shares of the energy company’s stock valued at $13,211,000 after buying an additional 80,619 shares during the last quarter.
A number of research firms have issued reports on SM. Williams Capital reiterated a “buy” rating and issued a $15.00 target price on shares of SM Energy in a research note on Friday, November 1st. KeyCorp cut their target price on SM Energy from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 15th. Wells Fargo & Co cut their target price on SM Energy from $20.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 9th. Finally, Seaport Global Securities cut SM Energy from a “buy” rating to a “neutral” rating in a research note on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $15.00.
Shares of SM opened at $11.15 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.63 and a quick ratio of 0.63. SM Energy Co has a one year low of $6.84 and a one year high of $21.19. The stock’s fifty day moving average is $10.42 and its 200-day moving average is $9.77.
SM Energy (NYSE:SM) last issued its quarterly earnings results on Thursday, October 31st. The energy company reported ($0.11) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.01. The company had revenue of $390.30 million for the quarter, compared to analyst estimates of $387.68 million. SM Energy had a negative return on equity of 2.42% and a net margin of 14.67%. The company’s quarterly revenue was down 15.0% compared to the same quarter last year. During the same period last year, the company earned ($0.01) earnings per share. Research analysts anticipate that SM Energy Co will post -0.52 earnings per share for the current fiscal year.
SM Energy Company Profile
SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids in onshore North America. As of December 31, 2018, the company had 503.4 million barrels of oil equivalent of estimated proved reserves; and working interests in 715 gross productive oil wells and 504 gross productive gas wells primarily in the Permian, South Texas, and Gulf Coast regions in the United States.
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