Castleton Investment Management LLC decreased its holdings in shares of SM Energy Co (NYSE:SM) by 11.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,000 shares of the energy company’s stock after selling 10,000 shares during the quarter. Castleton Investment Management LLC owned about 0.07% of SM Energy worth $1,419,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado grew its holdings in shares of SM Energy by 2.3% in 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 period. Virtu KCG Holdings LLC grew its holdings in shares of SM Energy by 2.2% in the second quarter. Virtu KCG Holdings LLC now owns 22,075 shares of the energy company’s stock valued at $365,000 after purchasing an additional 475 shares during the period. Atlantic Trust Group LLC grew its holdings in shares of SM Energy by 0.5% in 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 period. Texas Permanent School Fund grew its holdings in shares of SM Energy by 0.8% in the second quarter. Texas Permanent School Fund now owns 71,482 shares of the energy company’s stock valued at $1,182,000 after purchasing an additional 597 shares during the period. Finally, Arizona State Retirement System grew its holdings in shares of SM Energy by 1.5% in the second quarter. Arizona State Retirement System now owns 41,300 shares of the energy company’s stock valued at $683,000 after purchasing an additional 600 shares during the period. 97.36% of the stock is owned by institutional investors and hedge funds.

Shares of SM Energy Co (SM) traded down $0.53 during mid-day trading on Wednesday, reaching $21.87. 3,400,600 shares of the company’s stock traded hands, compared to its average volume of 3,786,234. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 1.20. SM Energy Co has a one year low of $12.29 and a one year high of $39.28.

SM Energy (NYSE:SM) last announced its earnings results on Thursday, November 2nd. The energy company reported ($0.25) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.32) by $0.07. The company had revenue of $295.40 million during the quarter, compared to analyst estimates of $300.80 million. SM Energy had a negative net margin of 25.17% and a negative return on equity of 2.88%. SM Energy’s revenue was down 16.2% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.37) earnings per share. equities research analysts anticipate that SM Energy Co will post -1.05 earnings per share for the current fiscal year.

A number of equities research analysts recently issued reports on SM shares. Barclays upped their price objective on shares of SM Energy from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Wednesday, October 11th. Zacks Investment Research raised shares of SM Energy from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Thursday, November 9th. Mitsubishi UFJ Financial Group reissued a “neutral” rating on shares of SM Energy in a report on Monday, October 2nd. BidaskClub lowered shares of SM Energy from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. Finally, Williams Capital upped their price objective on shares of SM Energy from $30.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, eight have issued 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 price target of $26.00.

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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.

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

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