Flinton Capital Management LLC cut its stake in shares of SM Energy Co (NYSE:SM) by 50.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,846 shares of the energy company’s stock after selling 28,900 shares during the quarter. Flinton Capital Management LLC’s holdings in SM Energy were worth $349,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of SM. Oslo Asset Management AS lifted its position in shares of SM Energy by 18.8% during the 2nd quarter. Oslo Asset Management AS now owns 2,956,528 shares of the energy company’s stock valued at $37,016,000 after acquiring an additional 467,185 shares during the last quarter. Atria Investments LLC acquired a new stake in SM Energy during the 2nd quarter valued at $41,961,000. Northern Trust Corp raised its stake in SM Energy by 8.3% during the 2nd quarter. Northern Trust Corp now owns 1,055,129 shares of the energy company’s stock valued at $13,211,000 after purchasing an additional 80,619 shares during the period. Geode Capital Management LLC increased its stake in shares of SM Energy by 5.6% in the fourth quarter. Geode Capital Management LLC now owns 1,028,604 shares of the energy company’s stock worth $15,922,000 after acquiring an additional 54,539 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in shares of SM Energy by 18.5% in the second quarter. First Trust Advisors LP now owns 759,209 shares of the energy company’s stock worth $9,505,000 after acquiring an additional 118,763 shares during the last quarter. Institutional investors and hedge funds own 98.92% of the company’s stock.
SM has been the topic of a number of research reports. ValuEngine raised shares of SM Energy from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Jefferies Financial Group initiated coverage on shares of SM Energy in a report on Monday, July 29th. They set a “hold” rating and a $10.00 price target for the company. B. Riley set a $14.00 target price on shares of SM Energy and gave the company a “hold” rating in a research note on Wednesday, June 19th. Susquehanna Bancshares set a $13.00 target price on shares of SM Energy and gave the company a “hold” rating in a research note on Wednesday, June 19th. Finally, Barclays dropped their price target on shares of SM Energy from $13.00 to $9.00 and set an “underweight” rating for the company in a research report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $19.94.
NYSE SM opened at $9.77 on Friday. The firm has a 50-day moving average price of $10.06 and a two-hundred day moving average price of $12.79. SM Energy Co has a 12-month low of $8.46 and a 12-month high of $33.76. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $1.10 billion, a P/E ratio of 325.67 and a beta of 2.93.
SM Energy (NYSE:SM) last issued its quarterly earnings results on Thursday, August 1st. The energy company reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.11) by $0.13. SM Energy had a net margin of 2.91% and a negative return on equity of 2.07%. The company had revenue of $407.17 million during the quarter, compared to the consensus estimate of $407.53 million. During the same quarter in the prior year, the firm posted $0.15 EPS. Equities analysts expect that SM Energy Co will post -0.39 EPS for the current year.
The business also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, November 6th. Investors of record on Friday, October 25th will be given a dividend of $0.05 per share. This represents a yield of 1%. The ex-dividend date of this dividend is Thursday, October 24th. SM Energy’s dividend payout ratio is 333.33%.
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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