SM Energy Company (NYSE:SM) Position Decreased by Nuveen Asset Management LLC

Nuveen Asset Management LLC lowered its position in SM Energy Company (NYSE:SM) by 19.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,135 shares of the energy company’s stock after selling 6,995 shares during the period. Nuveen Asset Management LLC’s holdings in SM Energy were worth $700,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in SM Energy by 16.2% in the first 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 during the last quarter. Causeway Capital Management LLC increased its position in SM Energy by 230.1% in the first 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 during the last quarter. State Street Corp increased its position in SM Energy by 15.7% in the first 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 during the last quarter. Alliancebernstein L.P. increased its position in SM Energy by 33.1% in the first quarter. Alliancebernstein L.P. now owns 3,993,599 shares of the energy company’s stock valued at $95,926,000 after buying an additional 994,186 shares during the last quarter. Finally, Reservoir Operations L.P. purchased a new position in SM Energy during the first quarter worth approximately $80,383,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

SM Energy Company (SM) traded down 0.1342% during midday trading on Tuesday, hitting $14.2908. 2,081,628 shares of the stock traded hands. SM Energy Company has a 12 month low of $13.76 and a 12 month high of $43.09. The stock’s market cap is $1.60 billion. The company has a 50-day moving average of $16.30 and a 200-day moving average of $20.93.

SM Energy (NYSE:SM) last released its earnings results on Thursday, August 3rd. The energy company reported ($0.32) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.32). SM Energy had a negative return on equity of 3.11% and a negative net margin of 20.67%. The firm had revenue of $284.94 million during the quarter, compared to the consensus estimate of $299.12 million. During the same quarter in the previous year, the company posted ($0.44) earnings per share. The company’s revenue was down 16.6% compared to the same quarter last year. On average, equities research analysts anticipate that SM Energy Company will post ($1.09) earnings per share for the current year.

Several brokerages have issued reports on SM. Credit Suisse Group AG began coverage on shares of SM Energy in a research report on Thursday, June 1st. They set an “outperform” rating and a $30.00 target price for the company. Williams Capital set a $40.00 target price on shares of SM Energy and gave the company a “buy” rating in a research report on Tuesday, May 16th. Scotiabank downgraded shares of SM Energy from an “outperform” rating to a “sector perform” rating and set a $24.00 target price on the stock. in a research note on Tuesday, May 16th. Bank of America Corporation downgraded shares of SM Energy from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $48.00 to $37.00 in a research note on Thursday, May 11th. Finally, Royal Bank Of Canada set a $36.00 target price on shares of SM Energy and gave the stock a “hold” rating in a research note on Tuesday, April 25th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company. SM Energy currently has a consensus rating of “Hold” and an average target price of $34.22.

In related news, EVP Herbert S. Vogel purchased 3,000 shares of the firm’s stock in a transaction on Thursday, June 8th. The stock was bought at an average cost of $16.60 per share, with a total value of $49,800.00. Following the completion of the acquisition, the executive vice president now owns 32,637 shares of the company’s stock, valued at approximately $541,774.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Javan D. Ottoson purchased 2,000 shares of the firm’s stock in a transaction on Thursday, June 8th. The stock was bought at an average cost of $16.44 per share, with a total value of $32,880.00. Following the completion of the acquisition, the chief executive officer now directly owns 143,302 shares of the company’s stock, valued at approximately $2,355,884.88. 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.