Russell Investments Group Ltd. Sells 2,455 Shares of SM Energy Co (SM)

Russell Investments Group Ltd. lessened its position in SM Energy Co (NYSE:SM) by 19.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,913 shares of the energy company’s stock after selling 2,455 shares during the period. Russell Investments Group Ltd.’s holdings in SM Energy were worth $176,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Key Group Holdings Cayman LTD. increased its holdings in SM Energy by 40.9% in the 2nd quarter. Key Group Holdings Cayman LTD. now owns 5,305,568 shares of the energy company’s stock worth $87,701,000 after purchasing an additional 1,538,955 shares in the last quarter. State Street Corp grew its position in shares of SM Energy by 17.7% in the 2nd quarter. State Street Corp now owns 5,195,340 shares of the energy company’s stock valued at $85,878,000 after buying an additional 780,106 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of SM Energy by 12.6% in the 2nd quarter. Alliancebernstein L.P. now owns 4,497,847 shares of the energy company’s stock valued at $74,349,000 after buying an additional 504,248 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of SM Energy by 66.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,211,268 shares of the energy company’s stock valued at $69,611,000 after buying an additional 1,688,246 shares during the last quarter. Finally, Frontier Capital Management Co. LLC grew its position in shares of SM Energy by 39.2% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 2,746,616 shares of the energy company’s stock valued at $48,725,000 after buying an additional 773,741 shares during the last quarter. 97.36% of the stock is owned by institutional investors and hedge funds.

Shares of SM Energy Co (SM) opened at $25.10 on Tuesday. SM Energy Co has a 52-week low of $12.29 and a 52-week high of $35.29. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.53 and a current ratio of 1.53. The company has a market capitalization of $2,800.00, a PE ratio of -7.38 and a beta of 3.02.

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

A number of research firms have commented on SM. Robert W. Baird upped their price target on SM Energy from $26.00 to $27.00 and gave the company an “outperform” rating in a research report on Monday, December 18th. Credit Suisse Group began coverage on SM Energy in a research report on Monday, December 11th. They issued an “outperform” rating and a $27.00 price target on the stock. Scotiabank reiterated a “hold” rating and issued a $20.00 price target on shares of SM Energy in a research report on Wednesday, November 22nd. Barclays upped their price target on SM Energy from $21.00 to $23.00 and gave the company an “overweight” rating in a research report on Monday, November 20th. Finally, Zacks Investment Research upgraded SM Energy from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company’s stock. SM Energy has an average rating of “Hold” and an average price target of $25.87.

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SM Energy 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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