SM Energy (NYSE:SM) Shares Sold by Rafferty Asset Management LLC

Rafferty Asset Management LLC trimmed its stake in shares of SM Energy (NYSE:SM) by 7.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 341,833 shares of the energy company’s stock after selling 27,188 shares during the quarter. Rafferty Asset Management LLC owned 0.28% of SM Energy worth $9,018,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Healthcare of Ontario Pension Plan Trust Fund grew its stake in SM Energy by 228.3% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 350,000 shares of the energy company’s stock worth $9,233,000 after purchasing an additional 243,400 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of SM Energy by 4.8% during the 3rd quarter. CIBC Asset Management Inc now owns 13,233 shares of the energy company’s stock worth $349,000 after acquiring an additional 609 shares in the last quarter. Barclays PLC boosted its position in shares of SM Energy by 12.8% during the 3rd quarter. Barclays PLC now owns 591,856 shares of the energy company’s stock worth $15,614,000 after acquiring an additional 67,143 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of SM Energy by 8.5% during the 3rd quarter. Principal Financial Group Inc. now owns 836,707 shares of the energy company’s stock worth $22,072,000 after acquiring an additional 65,405 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its position in shares of SM Energy by 43.9% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 75,434 shares of the energy company’s stock worth $1,990,000 after acquiring an additional 23,003 shares in the last quarter. 81.34% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently issued reports on the company. Stifel Nicolaus lowered their price objective on SM Energy from $51.00 to $46.00 and set a “buy” rating for the company in a research report on Wednesday, December 22nd. Royal Bank of Canada upped their price objective on SM Energy from $36.00 to $44.00 and gave the stock a “sector perform” rating in a research report on Tuesday, November 2nd. Wells Fargo & Company raised SM Energy from an “equal weight” rating to an “overweight” rating and set a $42.00 price objective for the company in a research report on Wednesday, January 5th. JPMorgan Chase & Co. lowered their price objective on SM Energy from $49.00 to $47.00 in a research report on Friday, January 7th. Finally, Raymond James upped their target price on SM Energy from $45.00 to $50.00 and gave the company an “outperform” rating in a research report on Tuesday, November 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $38.00.

In other news, Director William D. Sullivan sold 55,000 shares of the stock in a transaction that occurred on Friday, November 5th. The stock was sold at an average price of $35.74, for a total transaction of $1,965,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rose M. Robeson sold 15,000 shares of the stock in a transaction that occurred on Tuesday, November 2nd. The stock was sold at an average price of $36.72, for a total value of $550,800.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 82,543 shares of company stock valued at $2,977,330. 1.90% of the stock is owned by company insiders.

SM opened at $36.64 on Friday. The business has a 50 day moving average price of $31.57 and a two-hundred day moving average price of $26.28. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 1.27. SM Energy has a 52 week low of $7.76 and a 52 week high of $38.25.

SM Energy (NYSE:SM) last posted its quarterly earnings data on Friday, October 29th. The energy company reported $0.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.60. The firm had revenue of $760.20 million during the quarter, compared to the consensus estimate of $520.81 million. SM Energy had a positive return on equity of 5.19% and a negative net margin of 26.52%. The firm’s revenue was up 170.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.05) EPS. As a group, equities analysts expect that SM Energy will post 1.46 EPS for the current fiscal year.

SM Energy Company Profile

SM Energy Co is an independent energy company, which is engages in the acquisition, exploration, development, and production of crude oil, natural gas and natural gas liquids. Its operations are located in Midland Basin and South Texas. The company was founded in 1908 and is headquartered in Denver, CO.

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

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