SM Energy Company (SM) Stake Held by Advisory Research Inc.
Advisory Research Inc. held its stake in SM Energy Company (NYSE:SM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 462,814 shares of the energy company’s stock at the close of the 2nd quarter. Advisory Research Inc. owned about 0.41% of SM Energy worth $11,117,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of SM. BNP Paribas Arbitrage SA lifted its stake in SM Energy by 87.2% during the second quarter. BNP Paribas Arbitrage SA now owns 85,207 shares of the energy company’s stock valued at $1,408,000 after buying an additional 39,683 shares in the last quarter. Amalgamated Bank lifted its stake in SM Energy by 3.9% during the first quarter. Amalgamated Bank now owns 14,521 shares of the energy company’s stock valued at $349,000 after buying an additional 549 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its stake in SM Energy by 1.3% during the first quarter. Metropolitan Life Insurance Co. NY now owns 91,208 shares of the energy company’s stock valued at $2,191,000 after buying an additional 1,157 shares in the last quarter. US Bancorp DE lifted its stake in SM Energy by 0.8% during the second quarter. US Bancorp DE now owns 79,856 shares of the energy company’s stock valued at $1,320,000 after buying an additional 613 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in SM Energy by 17.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,523,022 shares of the energy company’s stock valued at $60,600,000 after buying an additional 375,453 shares in the last quarter. 97.05% of the stock is owned by institutional investors.
A number of research firms have commented on SM. Scotiabank set a $19.00 price objective on shares of SM Energy and gave the company a “hold” rating in a research note on Saturday, July 1st. Seaport Global Securities lowered shares of SM Energy from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $31.00 to $16.00 in a research note on Wednesday, June 21st. Mitsubishi UFJ Financial Group reaffirmed a “neutral” rating on shares of SM Energy in a research note on Monday, October 2nd. Zacks Investment Research lowered shares of SM Energy from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Williams Capital reaffirmed a “buy” rating and set a $30.00 price objective on shares of SM Energy in a research note on Friday, September 15th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $29.85.
Shares of SM Energy Company (NYSE SM) traded up 0.94% during trading on Monday, reaching $17.14. The company’s stock had a trading volume of 745,131 shares. The stock’s 50 day moving average price is $15.45 and its 200 day moving average price is $18.02. SM Energy Company has a 52 week low of $12.29 and a 52 week high of $43.09. The company’s market cap is $1.91 billion.
SM Energy (NYSE:SM) last posted its quarterly earnings results on Thursday, August 3rd. The energy company reported ($0.32) earnings per share for the quarter, hitting the Thomson Reuters’ 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 return on equity of 3.11% and a negative net margin of 20.67%. The business’s quarterly revenue was down 16.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.44) EPS. Equities research analysts predict that SM Energy Company will post ($1.13) EPS for the current year.
The business also recently declared a Semi-Annual dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Friday, October 20th will be given a dividend of $0.05 per share. This represents a dividend yield of 0.54%. The ex-dividend date is Thursday, October 19th. SM Energy’s dividend payout ratio (DPR) is -3.19%.
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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