Point72 Asset Management L.P. Has $8.85 Million Position in SM Energy Co (SM)

Point72 Asset Management L.P. boosted its holdings in SM Energy Co (NYSE:SM) by 1,420.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 498,800 shares of the energy company’s stock after purchasing an additional 466,000 shares during the period. Point72 Asset Management L.P. owned about 0.45% of SM Energy worth $8,849,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Public Employees Retirement Association of Colorado grew its position in shares of SM Energy by 2.3% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 18,630 shares of the energy company’s stock valued at $308,000 after acquiring an additional 418 shares during the period. Virtu KCG Holdings LLC grew its position in shares of SM Energy by 2.2% in the 2nd quarter. Virtu KCG Holdings LLC now owns 22,075 shares of the energy company’s stock valued at $365,000 after acquiring an additional 475 shares during the period. Atlantic Trust Group LLC grew its position in shares of SM Energy by 0.5% in the 2nd quarter. Atlantic Trust Group LLC now owns 99,559 shares of the energy company’s stock valued at $1,645,000 after acquiring an additional 500 shares during the period. Texas Permanent School Fund grew its position in shares of SM Energy by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 71,482 shares of the energy company’s stock valued at $1,182,000 after acquiring an additional 597 shares during the period. Finally, Arizona State Retirement System grew its position in shares of SM Energy by 1.5% in the 2nd quarter. Arizona State Retirement System now owns 41,300 shares of the energy company’s stock valued at $683,000 after acquiring 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 (NYSE:SM) opened at $19.34 on Friday. SM Energy Co has a 12 month low of $12.29 and a 12 month high of $37.08. 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 (NYSE:SM) last issued its quarterly earnings data on Thursday, November 2nd. The energy company reported ($0.25) earnings per share for the quarter, topping the consensus estimate of ($0.32) by $0.07. SM Energy had a negative net margin of 25.17% and a negative return on equity of 2.88%. The business had revenue of $295.40 million during the quarter, compared to analysts’ expectations of $300.80 million. During the same quarter in the previous year, the company earned ($0.37) EPS. The business’s revenue was down 16.2% on a year-over-year basis. equities analysts expect that SM Energy Co will post -1.04 EPS for the current fiscal year.

A number of research analysts have recently commented on SM shares. KeyCorp reissued a “buy” rating and issued a $26.00 price objective on shares of SM Energy in a research report on Friday, October 20th. Williams Capital lifted their price objective on shares of SM Energy from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, October 18th. 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 research report on Thursday, November 9th. Scotiabank reissued a “hold” rating and issued a $20.00 price objective on shares of SM Energy in a research report on Wednesday, November 22nd. Finally, Royal Bank of Canada set a $20.00 target price on shares of SM Energy and gave the stock a “hold” rating in a report on Thursday, August 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $25.79.

TRADEMARK VIOLATION WARNING: “Point72 Asset Management L.P. Has $8.85 Million Position in SM Energy Co (SM)” was reported by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this report on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://stocknewstimes.com/2017/12/17/point72-asset-management-l-p-has-8-85-million-position-in-sm-energy-co-sm.html.

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.

Want to see what other hedge funds are holding SM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SM Energy Co (NYSE:SM).

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

Receive News & Ratings for SM Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SM Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply