SM Energy Co (SM) Stake Lifted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its position in shares of SM Energy Co (NYSE:SM) by 12.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,747,344 shares of the energy company’s stock after purchasing an additional 536,076 shares during the period. Dimensional Fund Advisors LP owned approximately 4.25% of SM Energy worth $84,220,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SM. Russell Investments Group Ltd. grew its position in shares of SM Energy by 43.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 12,368 shares of the energy company’s stock valued at $205,000 after purchasing an additional 3,762 shares in the last quarter. Public Employees Retirement Association of Colorado lifted its holdings in shares of SM Energy by 2.3% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 18,630 shares of the energy company’s stock worth $308,000 after acquiring an additional 418 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of SM Energy by 1.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 59,800 shares of the energy company’s stock worth $988,000 after acquiring an additional 1,000 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of SM Energy by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 41,300 shares of the energy company’s stock worth $683,000 after acquiring an additional 600 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of SM Energy by 53.1% during the 2nd quarter. First Trust Advisors LP now owns 414,959 shares of the energy company’s stock worth $6,859,000 after acquiring an additional 143,972 shares during the last quarter. Hedge funds and other institutional investors own 97.36% of the company’s stock.

A number of research firms have recently issued reports on SM. Robert W. Baird lifted their price objective on shares of SM Energy from $26.00 to $27.00 and gave the stock an “outperform” rating in a report on Monday, December 18th. BMO Capital Markets set a $21.00 price objective on shares of SM Energy and gave the stock a “hold” rating in a report on Tuesday, October 10th. Williams Capital reaffirmed a “buy” rating and set a $30.00 price objective on shares of SM Energy in a report on Friday, September 15th. Credit Suisse Group began coverage on shares of SM Energy in a report on Monday, December 11th. They set an “outperform” rating and a $27.00 price objective for the company. Finally, 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 report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $25.87.

SM Energy Co (NYSE:SM) opened at $21.86 on Friday. The company has a market cap of $2,449.03, a PE ratio of -6.41 and a beta of 3.02. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.53 and a current ratio of 1.53. SM Energy Co has a one year low of $12.29 and a one year high of $36.77.

SM Energy (NYSE:SM) last issued its quarterly earnings data on Thursday, November 2nd. The energy company reported ($0.25) EPS for the quarter, beating the consensus estimate of ($0.32) by $0.07. The firm had revenue of $295.40 million during the quarter, compared to the consensus estimate of $300.80 million. SM Energy had a negative net margin of 25.17% and a negative return on equity of 2.88%. The company’s quarterly revenue was down 16.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.37) earnings per share. sell-side analysts predict that SM Energy Co will post -1 EPS for the current year.

COPYRIGHT VIOLATION WARNING: “SM Energy Co (SM) Stake Lifted by Dimensional Fund Advisors LP” was originally posted by Community Financial News and is the property of of Community Financial News. If you are reading this report on another site, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this report can be viewed at https://www.com-unik.info/2017/12/24/sm-energy-co-sm-stake-lifted-by-dimensional-fund-advisors-lp.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.

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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit