SM Energy Company (SM) Shares Sold by Retirement Systems of Alabama
Retirement Systems of Alabama decreased its position in shares of SM Energy Company (NYSE:SM) by 0.1% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 126,218 shares of the energy company’s stock after selling 180 shares during the period. Retirement Systems of Alabama owned approximately 0.11% of SM Energy worth $2,086,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Welch & Forbes LLC boosted its position in shares of SM Energy by 41.5% in the second quarter. Welch & Forbes LLC now owns 20,450 shares of the energy company’s stock worth $338,000 after buying an additional 6,000 shares in the last quarter. Texas Permanent School Fund boosted its position in shares of SM Energy by 0.8% in the second quarter. Texas Permanent School Fund now owns 71,482 shares of the energy company’s stock worth $1,182,000 after buying an additional 597 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its position in shares of SM Energy by 2.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 18,630 shares of the energy company’s stock worth $308,000 after buying an additional 418 shares in the last quarter. Armstrong Henry H Associates Inc. purchased a new position in shares of SM Energy during the second quarter worth approximately $231,000. Finally, ING Groep NV purchased a new position in shares of SM Energy during the second quarter worth approximately $197,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.
SM Energy Company (NYSE SM) opened at 13.61 on Thursday. SM Energy Company has a 12-month low of $13.11 and a 12-month high of $43.09. The stock has a 50 day moving average price of $15.83 and a 200-day moving average price of $20.12. The stock’s market capitalization is $1.52 billion. SM Energy also was the recipient of some unusual options trading activity on Tuesday. Stock investors acquired 9,921 put options on the company. This is an increase of 230% compared to the typical daily volume of 3,005 put options.
SM Energy (NYSE:SM) last issued its quarterly earnings results on Thursday, August 3rd. The energy company reported ($0.32) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.32). The firm had revenue of $284.94 million for the quarter, compared to analyst estimates of $299.12 million. SM Energy had a negative net margin of 20.67% and a negative return on equity of 3.11%. SM Energy’s quarterly revenue was down 16.6% compared to the same quarter last year. During the same period last year, the company posted ($0.44) EPS. On average, equities analysts anticipate that SM Energy Company will post ($1.11) earnings per share for the current fiscal year.
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A number of research analysts have recently commented on the company. Barclays PLC dropped their price target on SM Energy from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 8th. BidaskClub lowered SM Energy from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. BMO Capital Markets set a $20.00 price objective on SM Energy and gave the company a “hold” rating in a research note on Saturday, August 5th. Williams Capital set a $32.00 price objective on SM Energy and gave the company a “buy” rating in a research note on Friday, August 4th. Finally, Zacks Investment Research lowered SM Energy from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $32.93.
In other SM Energy news, EVP Herbert S. Vogel acquired 3,000 shares of the business’s stock in a transaction on Thursday, June 8th. The stock was bought at an average price of $16.60 per share, for a total transaction of $49,800.00. Following the acquisition, the executive vice president now owns 32,637 shares in the company, valued at $541,774.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Javan D. Ottoson acquired 2,000 shares of the business’s stock in a transaction on Thursday, June 8th. The stock was acquired at an average price of $16.44 per share, with a total value of $32,880.00. Following the acquisition, the chief executive officer now owns 143,302 shares in the company, valued at approximately $2,355,884.88. The disclosure for this purchase can be found here. Company insiders own 0.89% of the company’s stock.
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 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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