Great West Life Assurance Co. Can increased its position in shares of SM Energy Co. (NYSE:SM) by 24.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,164 shares of the energy company’s stock after buying an additional 9,414 shares during the period. Great West Life Assurance Co. Can owned about 0.07% of SM Energy worth $1,857,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. IBM Retirement Fund bought a new stake in SM Energy during the third quarter worth about $262,000. Louisiana State Employees Retirement System increased its stake in SM Energy by 24.3% in the third quarter. Louisiana State Employees Retirement System now owns 22,500 shares of the energy company’s stock worth $868,000 after buying an additional 4,400 shares in the last quarter. Cypress Asset Management Inc. TX bought a new stake in SM Energy during the third quarter worth about $281,000. Oakbrook Investments LLC bought a new stake in SM Energy during the third quarter worth about $305,000. Finally, Nationwide Fund Advisors increased its stake in SM Energy by 28.2% in the third quarter. Nationwide Fund Advisors now owns 155,318 shares of the energy company’s stock worth $5,992,000 after buying an additional 34,185 shares in the last quarter. 99.05% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of SM Energy Co. (NYSE:SM) traded down 7.00% on Monday, hitting $33.10. 2,343,979 shares of the stock traded hands. The firm’s market cap is $2.88 billion. The stock has a 50-day moving average price of $35.67 and a 200 day moving average price of $32.68. SM Energy Co. has a 52 week low of $6.99 and a 52 week high of $43.09.

The firm also recently disclosed a semiannual dividend, which was paid on Wednesday, November 2nd. Investors of record on Friday, October 21st were issued a $0.05 dividend. This represents a yield of 0.29%. The ex-dividend date of this dividend was Wednesday, October 19th. SM Energy’s dividend payout ratio (DPR) is presently -0.76%.

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A number of research firms recently issued reports on SM. Zacks Investment Research raised SM Energy from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Monday, November 14th. KLR Group lifted their target price on SM Energy from $53.00 to $59.00 and gave the company a “buy” rating in a research report on Monday, October 24th. RBC Capital Markets reaffirmed a “sector perform” rating and issued a $42.00 target price (up previously from $39.00) on shares of SM Energy in a research report on Friday, October 21st. Royal Bank Of Canada lifted their target price on SM Energy from $39.00 to $42.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 19th. Finally, Capital One Financial Corp. upgraded SM Energy from an “equal weight” rating to an “overweight” rating in a report on Tuesday, October 18th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $35.06.

In related news, SVP Kenneth J. Knott sold 661 shares of the firm’s stock in a transaction that occurred on Thursday, September 29th. The shares were sold at an average price of $40.00, for a total value of $26,440.00. Following the completion of the transaction, the senior vice president now directly owns 43,417 shares of the company’s stock, valued at approximately $1,736,680. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.70% of the stock is currently owned by corporate insiders.

SM Energy Company Profile

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 (NGLs) in onshore North America. The Company operates in the exploration and production segment of the oil and gas industry within the United States.

5 Day Chart for NYSE:SM

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