Bluestein R H & Co. raised its stake in shares of SM Energy Company (NYSE:SM) by 465.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,100 shares of the energy company’s stock after purchasing an additional 47,000 shares during the quarter. Bluestein R H & Co. owned 0.05% of SM Energy worth $944,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in the business. Northwestern Mutual Investment Management Company LLC lifted its position in SM Energy by 1.6% during the first quarter. Northwestern Mutual Investment Management Company LLC now owns 16,873 shares of the energy company’s stock valued at $405,000 after purchasing an additional 265 shares during the last quarter. B & T Capital Management DBA Alpha Capital Management lifted its position in SM Energy by 3.2% during the second quarter. B & T Capital Management DBA Alpha Capital Management now owns 10,959 shares of the energy company’s stock valued at $181,000 after purchasing an additional 335 shares during the last quarter. Arizona State Retirement System lifted its position in SM Energy by 0.9% during the first quarter. Arizona State Retirement System now owns 40,700 shares of the energy company’s stock valued at $978,000 after purchasing an additional 371 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its position in SM Energy by 2.3% during the second quarter. Public Employees Retirement Association of Colorado now owns 18,630 shares of the energy company’s stock valued at $308,000 after purchasing an additional 418 shares during the last quarter. Finally, Atlantic Trust Group LLC lifted its position in SM Energy by 0.5% during the second quarter. Atlantic Trust Group LLC now owns 99,559 shares of the energy company’s stock valued at $1,645,000 after purchasing an additional 500 shares during the last quarter. Institutional investors and hedge funds own 97.03% of the company’s stock.

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SM Energy Company (NYSE:SM) traded up 0.42% on Friday, hitting $16.61. 2,259,787 shares of the company’s stock traded hands. SM Energy Company has a 12 month low of $12.29 and a 12 month high of $43.09. The stock’s market cap is $1.85 billion. The stock has a 50 day moving average price of $14.37 and a 200-day moving average price of $18.41. SM Energy also was the recipient of some unusual options trading on Wednesday. Traders bought 14,897 put options on the company. This represents an increase of 676% compared to the average daily volume of 1,919 put options.

SM Energy (NYSE:SM) last posted its earnings results on Thursday, August 3rd. The energy company reported ($0.32) EPS for the quarter, meeting analysts’ consensus estimates of ($0.32). The firm had revenue of $284.94 million during the quarter, compared to the consensus estimate of $299.12 million. SM Energy had a negative return on equity of 3.11% and a negative net margin of 20.67%. The company’s quarterly revenue was down 16.6% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.44) EPS. Equities analysts predict that SM Energy Company will post ($1.14) earnings per share for the current fiscal year.

Several equities research analysts have issued reports on SM shares. Credit Suisse Group started coverage on shares of SM Energy in a research report on Thursday, June 1st. They set an “outperform” rating and a $30.00 target price for the company. Bank of America Corporation started coverage on shares of SM Energy in a research report on Wednesday, July 19th. They set a “neutral” rating and a $20.00 target price for the company. Zacks Investment Research lowered shares of SM Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Royal Bank Of Canada set a $20.00 target price on shares of SM Energy and gave the company a “hold” rating in a research report on Thursday, August 24th. Finally, Williams Capital set a $40.00 target price on shares of SM Energy and gave the company a “buy” rating in a research report on Tuesday, June 6th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. SM Energy presently has a consensus rating of “Hold” and an average price target of $31.73.

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.

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

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