Sound Point Capital Management LP purchased a new position in shares of SM Energy Company (NYSE:SM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 251,821 shares of the energy company’s stock, valued at approximately $4,163,000. SM Energy makes up approximately 0.9% of Sound Point Capital Management LP’s investment portfolio, making the stock its 18th biggest position. Sound Point Capital Management LP owned about 0.23% of SM Energy as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the company. Northwestern Mutual Investment Management Company LLC increased its stake in shares of 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 worth $405,000 after buying an additional 265 shares during the period. B & T Capital Management DBA Alpha Capital Management increased its stake in shares of 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 worth $181,000 after buying an additional 335 shares during the period. Arizona State Retirement System increased its stake in shares of SM Energy by 0.9% during the first quarter. Arizona State Retirement System now owns 40,700 shares of the energy company’s stock worth $978,000 after buying an additional 371 shares during the period. Public Employees Retirement Association of Colorado increased its stake in shares of 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 worth $308,000 after buying an additional 418 shares during the period. Finally, Virtu KCG Holdings LLC increased its stake in shares of SM Energy by 2.2% during the second quarter. Virtu KCG Holdings LLC now owns 22,075 shares of the energy company’s stock worth $365,000 after buying an additional 475 shares during the period. 97.05% of the stock is currently owned by institutional investors and hedge funds.

SM has been the topic of a number of recent research reports. BMO Capital Markets set a $20.00 target price on shares of SM Energy and gave the stock a “hold” rating in a research note on Saturday, August 5th. Seaport Global Securities lowered shares of SM Energy from a “buy” rating to a “neutral” rating and cut their target price for the stock from $31.00 to $16.00 in a research note on Wednesday, June 21st. Scotiabank set a $19.00 target price on shares of SM Energy and gave the stock a “hold” rating in a research note on Saturday, July 1st. Mitsubishi UFJ Financial Group restated a “neutral” rating on shares of SM Energy in a research note on Monday. Finally, BidaskClub lowered shares of SM Energy from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company’s stock. SM Energy has a consensus rating of “Hold” and a consensus price target of $29.85.

Shares of SM Energy Company (SM) traded up 1.11% during trading on Thursday, reaching $18.14. 1,202,172 shares of the company’s stock traded hands. The company has a 50 day moving average price of $15.21 and a 200 day moving average price of $18.05. The stock’s market capitalization is $2.02 billion. SM Energy Company has a 1-year low of $12.29 and a 1-year high of $43.09.

SM Energy (NYSE:SM) last posted its quarterly earnings data on Thursday, August 3rd. The energy company reported ($0.32) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.32). SM Energy had a negative return on equity of 3.11% and a negative net margin of 20.67%. The company had revenue of $284.94 million for the quarter, compared to the consensus estimate of $299.12 million. During the same period in the previous year, the business earned ($0.44) EPS. SM Energy’s revenue for the quarter was down 16.6% compared to the same quarter last year. On average, equities analysts forecast that SM Energy Company will post ($1.13) EPS for the current fiscal year.

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Friday, October 20th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, October 19th. This represents a yield of 0.54%. SM Energy’s dividend payout ratio is presently -3.19%.

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SM Energy 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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