Neuburgh Advisers LLC reduced its position in SM Energy Co (NYSE:SM) by 50.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,018 shares of the energy company’s stock after selling 18,700 shares during the quarter. Neuburgh Advisers LLC’s holdings in SM Energy were worth $226,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SM. Atria Investments LLC bought a new position in shares of SM Energy in the 2nd quarter worth approximately $41,961,000. Oslo Asset Management AS boosted its stake in SM Energy by 18.8% during the 2nd quarter. Oslo Asset Management AS now owns 2,956,528 shares of the energy company’s stock valued at $37,016,000 after purchasing an additional 467,185 shares during the last quarter. Carlson Capital L P purchased a new position in shares of SM Energy in the 2nd quarter worth $4,280,000. Marshall Wace North America L.P. purchased a new position in shares of SM Energy in the 1st quarter worth $5,444,000. Finally, Allianz Asset Management GmbH boosted its stake in shares of SM Energy by 199.8% in the 2nd quarter. Allianz Asset Management GmbH now owns 429,376 shares of the energy company’s stock worth $5,375,000 after buying an additional 286,132 shares during the last quarter. Hedge funds and other institutional investors own 98.92% of the company’s stock.

NYSE:SM traded down $0.36 during mid-day trading on Thursday, hitting $10.06. The company’s stock had a trading volume of 78,666 shares, compared to its average volume of 3,144,788. SM Energy Co has a 1 year low of $8.46 and a 1 year high of $33.76. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.57 and a quick ratio of 0.57. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 334.17 and a beta of 2.93. The business’s fifty day moving average is $9.77 and its two-hundred day moving average is $13.22.

SM Energy (NYSE:SM) last posted its quarterly earnings results on Thursday, August 1st. The energy company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.11) by $0.13. SM Energy had a net margin of 2.91% and a negative return on equity of 2.07%. The company had revenue of $407.17 million for the quarter, compared to analyst estimates of $407.53 million. During the same period in the prior year, the company earned $0.15 earnings per share. Analysts anticipate that SM Energy Co will post -0.47 EPS for the current fiscal year.

SM has been the topic of several analyst reports. Capital One Financial upgraded SM Energy from an “equal weight” rating to an “overweight” rating in a research report on Thursday, May 23rd. Bank of America reaffirmed an “underperform” rating and issued a $14.00 target price (down from $17.00) on shares of SM Energy in a report on Friday, August 2nd. TheStreet cut SM Energy from a “c” rating to a “d+” rating in a report on Thursday, May 16th. B. Riley set a $14.00 target price on SM Energy and gave the stock a “hold” rating in a report on Wednesday, June 19th. Finally, ValuEngine raised SM Energy from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company’s stock. SM Energy currently has a consensus rating of “Hold” and an average price target of $20.00.

SM Energy Profile

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids in onshore North America. As of December 31, 2018, the company had 503.4 million barrels of oil equivalent of estimated proved reserves; and working interests in 715 gross productive oil wells and 504 gross productive gas wells primarily in the Permian, South Texas, and Gulf Coast regions in the United States.

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

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