Nikko Asset Management Americas Inc. decreased its position in shares of SM Energy Company (NYSE:SM) by 2.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 478,907 shares of the energy company’s stock after selling 13,600 shares during the period. Nikko Asset Management Americas Inc. owned 0.43% of SM Energy worth $7,916,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in the stock. Meadow Creek Investment Management LLC increased 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 increased its position in 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. B & T Capital Management DBA Alpha Capital Management increased its position in SM Energy by 3.2% in the second quarter. B & T Capital Management DBA Alpha Capital Management now owns 10,959 shares of the energy company’s stock worth $181,000 after buying an additional 335 shares during the last quarter. Neuburgh Advisers LLC increased its position in 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. Finally, Lee Financial Co increased its position in 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. 97.40% of the stock is currently owned by hedge funds and other institutional investors.
Shares of SM Energy Company (NYSE:SM) opened at 13.87 on Friday. The stock’s 50 day moving average is $16.10 and its 200 day moving average is $20.55. The company’s market cap is $1.55 billion. SM Energy Company has a 52-week low of $13.11 and a 52-week high of $43.09.
SM Energy (NYSE:SM) last posted its quarterly earnings data on Thursday, August 3rd. The energy company reported ($0.32) EPS for the quarter, meeting the Thomson Reuters’ 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 period in the prior year, the company earned ($0.44) EPS. The firm’s revenue was down 16.6% compared to the same quarter last year. Equities analysts forecast that SM Energy Company will post ($1.10) EPS for the current year.
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A number of equities analysts recently issued reports on SM shares. BidaskClub downgraded shares of SM Energy from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. Credit Suisse Group started coverage on shares of SM Energy in a report on Thursday, June 1st. They issued an “outperform” rating and a $30.00 price objective on the stock. BMO Capital Markets set a $20.00 price objective on shares of SM Energy and gave the stock a “hold” rating in a report on Saturday, August 5th. Royal Bank Of Canada set a $36.00 price objective on shares of SM Energy and gave the stock a “hold” rating in a report on Tuesday, April 25th. Finally, Williams Capital reissued a “buy” rating and issued a $40.00 price objective on shares of SM Energy in a report on Wednesday, May 3rd. Two analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $33.29.
In other news, EVP Herbert S. Vogel acquired 3,000 shares of SM Energy stock in a transaction that occurred on Thursday, June 8th. The stock was purchased at an average cost of $16.60 per share, with a total value of $49,800.00. Following the purchase, the executive vice president now owns 32,637 shares in the company, valued at $541,774.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Javan D. Ottoson acquired 2,000 shares of SM Energy stock in a transaction that occurred on Thursday, June 8th. The stock was purchased at an average cost of $16.44 per share, with a total value of $32,880.00. Following the completion of the purchase, the chief executive officer now owns 143,302 shares in the company, valued at approximately $2,355,884.88. The disclosure for this purchase can be found here. 0.89% of the stock is currently owned by corporate insiders.
About SM Energy
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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