Oregon Public Employees Retirement Fund Boosts Stake in SM Energy Company (NYSE:SM)

Oregon Public Employees Retirement Fund increased its position in SM Energy Company (NYSE:SM) by 4.5% during the second quarter, Holdings Channel reports. The fund owned 35,416 shares of the energy company’s stock after buying an additional 1,531 shares during the period. Oregon Public Employees Retirement Fund’s holdings in SM Energy were worth $585,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Meadow Creek Investment Management LLC boosted its stake in shares of SM Energy by 172.9% in the first quarter. Meadow Creek Investment Management LLC now owns 5,632 shares of the energy company’s stock worth $135,000 after buying an additional 3,568 shares during the last quarter. Credit Agricole S A boosted its stake in shares of SM Energy by 13.2% in the first quarter. Credit Agricole S A now owns 7,106 shares of the energy company’s stock worth $171,000 after buying an additional 831 shares during the last quarter. Neuburgh Advisers LLC boosted its stake in shares of SM Energy by 172.9% in the first quarter. Neuburgh Advisers LLC now owns 7,744 shares of the energy company’s stock worth $186,000 after buying an additional 4,906 shares during the last quarter. Lee Financial Co boosted its stake in shares of SM Energy by 100.0% in the first quarter. Lee Financial Co now owns 8,000 shares of the energy company’s stock worth $192,000 after buying an additional 4,000 shares during the last quarter. Finally, Capstone Asset Management Co. boosted its stake in shares of SM Energy by 10.8% in the first quarter. Capstone Asset Management Co. now owns 8,546 shares of the energy company’s stock worth $205,000 after buying an additional 830 shares during the last quarter. Institutional investors and hedge funds own 97.34% of the company’s stock.

Shares of SM Energy Company (SM) traded down 6.42% during trading on Monday, reaching $14.28. The company’s stock had a trading volume of 1,484,582 shares. The company’s 50-day moving average is $16.57 and its 200-day moving average is $21.99. The company’s market capitalization is $1.59 billion. SM Energy Company has a 12 month low of $13.76 and a 12 month 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 for the quarter, hitting the consensus estimate of ($0.32). SM Energy had a negative net margin of 20.67% and a negative return on equity of 3.11%. The firm had revenue of $284.94 million during the quarter, compared to analysts’ expectations of $299.12 million. During the same quarter in the previous year, the company posted ($0.44) EPS. SM Energy’s revenue was down 16.6% on a year-over-year basis. On average, analysts forecast that SM Energy Company will post ($1.02) EPS for the current fiscal year.

SM has been the topic of a number of research reports. Williams Capital reiterated a “buy” rating and set a $45.00 price target on shares of SM Energy in a research report on Monday, April 17th. Royal Bank Of Canada set a $36.00 price target on SM Energy and gave the stock a “hold” rating in a research report on Tuesday, April 25th. Scotiabank set a $19.00 price target on SM Energy and gave the stock a “hold” rating in a research report on Saturday, July 1st. BMO Capital Markets set a $20.00 price target on SM Energy and gave the stock a “hold” rating in a research report on Saturday. Finally, Bank of America Corporation initiated coverage on SM Energy in a research report on Wednesday, July 19th. They set a “neutral” rating and a $20.00 price target on the stock. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $35.05.

In related news, CEO Javan D. Ottoson acquired 2,000 shares of the company’s stock in a transaction that occurred on Thursday, June 8th. The stock was purchased at an average price of $16.44 per share, for a total transaction of $32,880.00. Following the transaction, the chief executive officer now directly owns 143,302 shares of the company’s stock, valued at approximately $2,355,884.88. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Herbert S. Vogel acquired 3,000 shares of the company’s stock in a transaction that occurred on Thursday, June 8th. The stock was bought at an average price of $16.60 per share, with a total value of $49,800.00. Following the transaction, the executive vice president now directly owns 32,637 shares in the company, valued at $541,774.20. The disclosure for this purchase can be found here. Insiders own 0.89% of the company’s stock.

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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