State of New Jersey Common Pension Fund D held its stake in shares of SM Energy Company (NYSE:SM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 30,000 shares of the energy company’s stock at the end of the second quarter. State of New Jersey Common Pension Fund D’s holdings in SM Energy were worth $496,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Meadow Creek Investment Management LLC boosted 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 boosted 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 boosted 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 boosted 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. boosted 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. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

SM Energy Company (NYSE SM) opened at 13.55 on Tuesday. The firm’s market capitalization is $1.51 billion. SM Energy Company has a one year low of $13.11 and a one year high of $43.09. The stock has a 50 day moving average of $16.01 and a 200-day moving average of $20.29.

SM Energy (NYSE:SM) last posted its quarterly earnings results on Thursday, August 3rd. The energy company reported ($0.32) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.32). The business had revenue of $284.94 million for the quarter, compared to analyst estimates 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 revenue was down 16.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.44) EPS. On average, equities analysts predict that SM Energy Company will post ($1.10) EPS for the current year.

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Several brokerages recently weighed in on SM. Scotiabank set a $19.00 target price on shares of SM Energy and gave the company a “hold” rating in a report on Saturday, July 1st. Barclays PLC reduced their target price on shares of SM Energy from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday, August 8th. BidaskClub cut shares of SM Energy from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. Williams Capital set a $32.00 target price on shares of SM Energy and gave the company a “buy” rating in a report on Friday, August 4th. Finally, BMO Capital Markets set a $20.00 target price on shares of SM Energy and gave the company a “hold” rating in a report on Saturday, August 5th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company’s stock. SM Energy has a consensus rating of “Hold” and an average target price of $33.29.

In related news, EVP Herbert S. Vogel bought 3,000 shares of the company’s stock in a transaction on Thursday, June 8th. The shares were purchased at an average cost of $16.60 per share, with a total value of $49,800.00. Following the completion of the transaction, the executive vice president now directly owns 32,637 shares of the company’s stock, valued at $541,774.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Javan D. Ottoson bought 2,000 shares of the company’s stock in a transaction on Thursday, June 8th. The stock was bought at an average cost 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 of the company’s stock, valued at $2,355,884.88. The disclosure for this purchase can be found here. 0.89% of the stock is owned by company 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.

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

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