SM Energy Company (SM) Shares Bought by Atlantic Trust Group LLC

Atlantic Trust Group LLC lifted its holdings in shares of SM Energy Company (NYSE:SM) by 0.5% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 99,559 shares of the energy company’s stock after buying an additional 500 shares during the period. Atlantic Trust Group LLC owned about 0.09% of SM Energy worth $1,645,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Swiss National Bank raised its holdings in shares of SM Energy by 5.6% during the 2nd quarter. Swiss National Bank now owns 166,750 shares of the energy company’s stock worth $2,756,000 after buying an additional 8,800 shares in the last quarter. Crawford Investment Counsel Inc. raised its holdings in shares of SM Energy by 11.1% during the 2nd quarter. Crawford Investment Counsel Inc. now owns 112,683 shares of the energy company’s stock worth $1,863,000 after buying an additional 11,300 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of SM Energy by 4.5% during the 2nd quarter. Principal Financial Group Inc. now owns 417,637 shares of the energy company’s stock worth $6,904,000 after buying an additional 18,114 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of SM Energy by 12.1% during the 2nd quarter. Pacer Advisors Inc. now owns 9,878 shares of the energy company’s stock worth $163,000 after buying an additional 1,064 shares in the last quarter. Finally, Utah Retirement Systems raised its holdings in shares of SM Energy by 14.8% during the 2nd quarter. Utah Retirement Systems now owns 20,220 shares of the energy company’s stock worth $335,000 after buying an additional 2,600 shares in the last quarter. 97.06% of the stock is owned by institutional investors.

Shares of SM Energy Company (NYSE SM) opened at 13.64 on Friday. The firm has a 50 day moving average price of $14.81 and a 200-day moving average price of $19.04. The company’s market cap is $1.52 billion. SM Energy Company has a 52-week low of $12.29 and a 52-week high of $43.09.

SM Energy (NYSE:SM) last posted its earnings results on Thursday, August 3rd. The energy company reported ($0.32) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.32). The company had revenue of $284.94 million for the quarter, compared to analysts’ expectations of $299.12 million. SM Energy had a negative return on equity of 3.11% and a negative net margin of 20.67%. SM Energy’s quarterly revenue was down 16.6% on a year-over-year basis. During the same period last year, the firm earned ($0.44) earnings per share. Equities research analysts anticipate that SM Energy Company will post ($1.14) earnings per share for the current year.

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SM has been the subject of a number of research analyst reports. BidaskClub cut SM Energy from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. Credit Suisse Group assumed coverage on SM Energy in a research report on Thursday, June 1st. They set an “outperform” rating and a $30.00 price objective on the stock. BMO Capital Markets set a $20.00 price objective on SM Energy and gave the stock a “hold” rating in a research report on Saturday, August 5th. Bank of America Corporation assumed coverage on SM Energy in a research report on Wednesday, July 19th. They set a “neutral” rating and a $20.00 price objective on the stock. Finally, Barclays PLC reduced their price objective on SM Energy from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 8th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $31.87.

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.

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

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