Texan Capital Management continued to hold its stake in SM Energy Company (NYSE:SM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,615 shares of the energy company’s stock at the end of the second quarter. Texan Capital Management’s holdings in SM Energy were worth $324,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of SM. Meadow Creek Investment Management LLC raised its stake in shares of SM Energy by 172.9% in the first 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 during the period. Credit Agricole S A raised its stake in shares of SM Energy by 13.2% in the first 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 during the period. Neuburgh Advisers LLC raised its stake in shares of SM Energy by 172.9% in the first quarter. Neuburgh Advisers LLC now owns 7,744 shares of the energy company’s stock valued at $186,000 after buying an additional 4,906 shares during the period. Lee Financial Co raised its stake in shares of SM Energy by 100.0% in the first quarter. Lee Financial Co now owns 8,000 shares of the energy company’s stock valued at $192,000 after buying an additional 4,000 shares during the period. Finally, Capstone Asset Management Co. raised its stake in shares of SM Energy by 10.8% in the first quarter. Capstone Asset Management Co. now owns 8,546 shares of the energy company’s stock valued at $205,000 after buying an additional 830 shares during the period. 97.34% of the stock is currently owned by institutional investors.

SM Energy Company (NYSE SM) opened at 14.43 on Tuesday. The stock’s market capitalization is $1.61 billion. SM Energy Company has a 52 week low of $13.76 and a 52 week high of $43.09. The firm has a 50 day moving average price of $16.57 and a 200 day moving average price of $21.99.

SM Energy (NYSE:SM) last announced its quarterly earnings results on Thursday, August 3rd. The energy company reported ($0.32) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.32). The business had revenue of $284.94 million for the quarter, compared to analysts’ expectations of $299.12 million. SM Energy had a negative return on equity of 3.11% and a negative net margin of 20.67%. The business’s quarterly revenue was down 16.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.44) EPS. Equities research analysts predict that SM Energy Company will post ($1.02) earnings per share for the current year.

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Several equities research analysts have recently weighed in on SM shares. Williams Capital reissued a “buy” rating and set a $45.00 target price on shares of SM Energy in a research report on Monday, April 17th. Royal Bank Of Canada set a $36.00 target price on SM Energy and gave the stock a “hold” rating in a research report on Tuesday, April 25th. Scotiabank set a $19.00 target price on SM Energy and gave the stock a “hold” rating in a research report on Saturday, July 1st. BMO Capital Markets set a $20.00 target price on SM Energy and gave the stock a “hold” rating in a research report on Saturday. Finally, Bank of America Corporation started coverage on SM Energy in a research report on Wednesday, July 19th. They set a “neutral” rating and a $20.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $35.05.

In related news, EVP Herbert S. Vogel purchased 3,000 shares of the company’s stock in a transaction dated Thursday, June 8th. The shares were acquired at an average cost of $16.60 per share, for a total transaction of $49,800.00. Following the transaction, the executive vice president now owns 32,637 shares of the company’s stock, valued at $541,774.20. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Javan D. Ottoson purchased 2,000 shares of the company’s stock in a transaction dated Thursday, June 8th. The shares were bought at an average price of $16.44 per share, for a total transaction of $32,880.00. Following the completion of the transaction, the chief executive officer now directly owns 143,302 shares in the company, valued at approximately $2,355,884.88. The disclosure for this purchase can be found here. 0.89% of the stock is currently owned by corporate insiders.

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.

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

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