Swiss National Bank grew its stake in shares of SM Energy Co (NYSE:SM) by 2.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 205,250 shares of the energy company’s stock after purchasing an additional 4,800 shares during the quarter. Swiss National Bank’s holdings in SM Energy were worth $2,307,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Rhumbline Advisers boosted its stake in SM Energy by 10.4% during the fourth quarter. Rhumbline Advisers now owns 394,144 shares of the energy company’s stock worth $4,430,000 after buying an additional 37,264 shares during the period. CoreCommodity Management LLC lifted its stake in SM Energy by 38.1% in the fourth quarter. CoreCommodity Management LLC now owns 174,011 shares of the energy company’s stock worth $1,956,000 after acquiring an additional 47,973 shares during the period. Aigen Investment Management LP purchased a new stake in SM Energy in the fourth quarter worth about $52,000. Palisade Capital Management LLC NJ lifted its stake in SM Energy by 4.5% in the fourth quarter. Palisade Capital Management LLC NJ now owns 1,517,178 shares of the energy company’s stock worth $17,053,000 after acquiring an additional 64,721 shares during the period. Finally, US Bancorp DE lifted its stake in SM Energy by 14.6% in the fourth quarter. US Bancorp DE now owns 64,584 shares of the energy company’s stock worth $725,000 after acquiring an additional 8,239 shares during the period. Hedge funds and other institutional investors own 98.56% of the company’s stock.
In related news, Director Ramiro G. Peru acquired 7,500 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were purchased at an average price of $7.67 per share, for a total transaction of $57,525.00. Following the completion of the acquisition, the director now directly owns 51,624 shares in the company, valued at approximately $395,956.08. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP David W. Copeland acquired 5,000 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were bought at an average price of $7.68 per share, for a total transaction of $38,400.00. Following the acquisition, the executive vice president now owns 120,912 shares of the company’s stock, valued at $928,604.16. The disclosure for this purchase can be found here. Corporate insiders own 1.00% of the company’s stock.
SM Energy stock traded up $0.11 during trading hours on Wednesday, reaching $5.93. The stock had a trading volume of 115,939 shares, compared to its average volume of 3,738,584. The company has a market cap of $697.14 million, a price-to-earnings ratio of -3.60 and a beta of 3.07. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.54 and a quick ratio of 0.54. The business’s 50 day moving average price is $9.03 and its 200-day moving average price is $9.43. SM Energy Co has a 52 week low of $5.63 and a 52 week high of $18.92.
SM Energy (NYSE:SM) last announced its earnings results on Wednesday, February 19th. The energy company reported ($0.04) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.05. The business had revenue of $451.69 million during the quarter, compared to the consensus estimate of $416.71 million. SM Energy had a negative net margin of 11.76% and a negative return on equity of 1.92%. The firm’s revenue was up 14.6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.18) earnings per share. On average, sell-side analysts forecast that SM Energy Co will post -0.22 EPS for the current fiscal year.
A number of research firms recently weighed in on SM. Raymond James lowered their price objective on shares of SM Energy from $13.00 to $11.00 and set an “outperform” rating for the company in a research note on Friday, February 21st. Royal Bank of Canada lowered their price objective on shares of SM Energy from $15.00 to $14.00 and set a “sector perform” rating for the company in a research note on Friday, February 21st. Barclays raised shares of SM Energy from an “underweight” rating to an “equal weight” rating and set a $12.00 price objective for the company in a research note on Wednesday, February 5th. TheStreet lowered shares of SM Energy from a “c-” rating to a “d” rating in a research note on Wednesday, February 19th. Finally, Wells Fargo & Co lowered their price objective on shares of SM Energy from $20.00 to $16.00 and set an “equal weight” rating for the company in a research note on Thursday, January 9th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. SM Energy currently has a consensus rating of “Hold” and an average price target of $14.00.
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.
Further Reading: Are sell-side analysts objective?
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