Comerica Bank lowered its holdings in shares of SM Energy Company (NYSE:SM) by 1.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,729 shares of the energy company’s stock after selling 1,289 shares during the period. Comerica Bank owned approximately 0.10% of SM Energy worth $1,891,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Legal & General Group Plc boosted its stake in SM Energy by 0.7% during the second quarter. Legal & General Group Plc now owns 170,397 shares of the energy company’s stock worth $2,813,000 after acquiring an additional 1,219 shares in the last quarter. State of Wisconsin Investment Board boosted its stake in SM Energy by 14.9% during the second quarter. State of Wisconsin Investment Board now owns 22,068 shares of the energy company’s stock worth $365,000 after acquiring an additional 2,870 shares in the last quarter. Rhumbline Advisers boosted its stake in SM Energy by 0.7% during the second quarter. Rhumbline Advisers now owns 182,183 shares of the energy company’s stock worth $3,011,000 after acquiring an additional 1,271 shares in the last quarter. First Trust Advisors LP boosted its stake in SM Energy by 53.1% during the second quarter. First Trust Advisors LP now owns 414,959 shares of the energy company’s stock worth $6,859,000 after acquiring an additional 143,972 shares in the last quarter. Finally, Arizona State Retirement System boosted its stake in SM Energy by 1.5% during the second quarter. Arizona State Retirement System now owns 41,300 shares of the energy company’s stock worth $683,000 after acquiring an additional 600 shares in the last quarter. 97.06% of the stock is currently owned by institutional investors and hedge funds.

SM Energy Company (SM) opened at 13.64 on Monday. The stock’s market capitalization is $1.52 billion. SM Energy Company has a 12-month low of $12.29 and a 12-month high of $43.09. The stock’s 50 day moving average is $14.81 and its 200 day moving average is $19.04.

SM Energy (NYSE:SM) last released its earnings results on Thursday, August 3rd. The energy company reported ($0.32) EPS for the quarter, hitting analysts’ consensus estimates of ($0.32). The company had revenue of $284.94 million during the quarter, compared to analysts’ expectations 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 revenue for the quarter was down 16.6% on a year-over-year basis. During the same period last year, the business earned ($0.44) EPS. Equities analysts anticipate that SM Energy Company will post ($1.14) EPS for the current fiscal year.

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SM has been the topic of several research reports. Williams Capital set a $40.00 price objective on shares of SM Energy and gave the stock a “buy” rating in a research note on Tuesday, May 16th. Scotiabank set a $19.00 target price on shares of SM Energy and gave the stock a “hold” rating in a report on Saturday, July 1st. BMO Capital Markets set a $20.00 target price on shares of SM Energy and gave the stock a “hold” rating in a report on Saturday, August 5th. Royal Bank Of Canada set a $20.00 target price on shares of SM Energy and gave the stock a “hold” rating in a report on Thursday, August 24th. Finally, Bank of America Corporation assumed coverage on shares of SM Energy in a report on Wednesday, July 19th. They issued a “neutral” rating and a $20.00 target price for the company. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. SM Energy has a consensus rating of “Hold” and an average target price of $31.87.

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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