Nationwide Fund Advisors grew its stake in SM Energy Company (NYSE:SM) by 19.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 194,573 shares of the energy company’s stock after acquiring an additional 31,107 shares during the quarter. Nationwide Fund Advisors owned about 0.17% of SM Energy worth $3,216,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of SM. Pacer Advisors Inc. grew 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 purchasing an additional 1,064 shares during the period. Tocqueville Asset Management L.P. purchased a new position in shares of SM Energy during the 2nd quarter worth $165,000. Credit Agricole S A grew its holdings in shares of SM Energy by 13.2% during the 1st quarter. Credit Agricole S A now owns 7,106 shares of the energy company’s stock worth $171,000 after purchasing an additional 831 shares during the period. B & T Capital Management DBA Alpha Capital Management grew its holdings in shares of SM Energy by 3.2% during the 2nd quarter. B & T Capital Management DBA Alpha Capital Management now owns 10,959 shares of the energy company’s stock worth $181,000 after purchasing an additional 335 shares during the period. Finally, ING Groep NV purchased a new position in shares of SM Energy during the 2nd quarter worth $197,000. 97.05% of the stock is owned by institutional investors and hedge funds.
A number of research firms have recently weighed in on SM. Scotiabank set a $19.00 price target on SM Energy and gave the stock a “hold” rating in a report on Saturday, July 1st. Mitsubishi UFJ Financial Group reiterated a “neutral” rating on shares of SM Energy in a report on Monday, October 2nd. Barclays PLC lowered their price target on SM Energy from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Tuesday, August 8th. BidaskClub cut SM Energy from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. Finally, Williams Capital set a $32.00 price target on SM Energy and gave the stock a “buy” rating in a report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $29.85.
Shares of SM Energy Company (NYSE SM) opened at 17.88 on Wednesday. The firm’s market cap is $2.00 billion. The firm has a 50-day moving average price of $15.67 and a 200-day moving average price of $17.94. SM Energy Company has a 52-week low of $12.29 and a 52-week high of $43.09.
SM Energy (NYSE:SM) last issued its earnings results on Thursday, August 3rd. The energy company reported ($0.32) earnings per share for the quarter, hitting 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 company had revenue of $284.94 million during the quarter, compared to the consensus estimate of $299.12 million. During the same quarter in the prior year, the business earned ($0.44) earnings per share. The company’s revenue was down 16.6% compared to the same quarter last year. Analysts predict that SM Energy Company will post ($1.12) EPS for the current fiscal year.
The business also recently announced a Semi-Annual dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Friday, October 20th will be given a $0.05 dividend. This represents a dividend yield of 0.54%. The ex-dividend date of this dividend is Thursday, October 19th. SM Energy’s payout ratio is -3.19%.
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.
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 Company (NYSE:SM).
Receive News & Ratings for SM Energy Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SM Energy Company and related companies with MarketBeat.com's FREE daily email newsletter.