SM Energy Company (SM) Shares Sold by UBS Asset Management Americas Inc.
UBS Asset Management Americas Inc. lowered its stake in SM Energy Company (NYSE:SM) by 4.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 140,368 shares of the energy company’s stock after selling 5,999 shares during the quarter. UBS Asset Management Americas Inc. owned about 0.13% of SM Energy worth $2,320,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Causeway Capital Management LLC raised its position in shares of SM Energy by 230.1% during the 1st quarter. Causeway Capital Management LLC now owns 6,909,664 shares of the energy company’s stock valued at $189,801,000 after buying an additional 4,816,230 shares in the last quarter. Vanguard Group Inc. raised its position in shares of SM Energy by 16.2% during the 1st quarter. Vanguard Group Inc. now owns 8,779,746 shares of the energy company’s stock valued at $210,889,000 after buying an additional 1,226,564 shares in the last quarter. State Street Corp raised its position in shares of SM Energy by 15.7% during the 1st quarter. State Street Corp now owns 4,415,234 shares of the energy company’s stock valued at $106,054,000 after buying an additional 600,265 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of SM Energy by 12.6% during the 2nd quarter. Alliancebernstein L.P. now owns 4,497,847 shares of the energy company’s stock valued at $74,349,000 after buying an additional 504,248 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of SM Energy by 17.5% during the 1st 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. Institutional investors and hedge funds own 97.05% of the company’s stock.
Shares of SM Energy Company (SM) opened at 19.04 on Friday. SM Energy Company has a 52-week low of $12.29 and a 52-week high of $43.09. The company has a 50-day moving average of $16.20 and a 200-day moving average of $17.89. The stock’s market capitalization is $2.13 billion.
SM Energy (NYSE:SM) last issued its earnings results on Thursday, August 3rd. The energy company reported ($0.32) EPS for the quarter, hitting analysts’ consensus estimates of ($0.32). SM Energy had a negative net margin of 20.67% and a negative return on equity of 3.11%. 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 firm earned ($0.44) earnings per share. SM Energy’s quarterly revenue was down 16.6% compared to the same quarter last year. Equities research analysts anticipate that SM Energy Company will post ($1.10) EPS for the current year.
The business also recently declared a Semi-Annual dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Friday, October 20th will be paid a $0.05 dividend. 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%.
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SM has been the topic of several recent research reports. BidaskClub cut shares of SM Energy from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. BMO Capital Markets set a $20.00 target price on shares of SM Energy and gave the company a “hold” rating in a research report on Saturday, August 5th. Bank of America Corporation initiated 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 on the stock. Barclays PLC upped their target price on shares of SM Energy from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, 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. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. SM Energy currently has an average rating of “Hold” and an average target price of $30.00.
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.
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