SM Energy Co (SM) Shares Sold by Municipal Employees Retirement System of Michigan

Municipal Employees Retirement System of Michigan trimmed its stake in SM Energy Co (NYSE:SM) by 22.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,080 shares of the energy company’s stock after selling 6,880 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in SM Energy were worth $619,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sippican Capital Advisors acquired a new stake in shares of SM Energy during the 2nd quarter valued at about $637,000. State of Alaska Department of Revenue boosted its holdings in shares of SM Energy by 40.0% in the second quarter. State of Alaska Department of Revenue now owns 12,180 shares of the energy company’s stock valued at $312,000 after buying an additional 3,480 shares during the period. Radnor Capital Management LLC acquired a new position in shares of SM Energy in the second quarter valued at approximately $302,000. Cerebellum GP LLC acquired a new position in shares of SM Energy in the second quarter valued at approximately $181,000. Finally, Dynamic Technology Lab Private Ltd boosted its holdings in shares of SM Energy by 156.2% in the first quarter. Dynamic Technology Lab Private Ltd now owns 60,831 shares of the energy company’s stock valued at $1,097,000 after buying an additional 37,089 shares during the period.

Shares of SM stock opened at $28.33 on Friday. The company has a quick ratio of 1.42, a current ratio of 0.91 and a debt-to-equity ratio of 0.94. SM Energy Co has a 12 month low of $12.29 and a 12 month high of $28.90.

SM Energy (NYSE:SM) last announced its quarterly earnings data on Thursday, August 2nd. The energy company reported $0.15 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.09. The business had revenue of $402.60 million for the quarter, compared to analyst estimates of $371.54 million. SM Energy had a net margin of 11.85% and a negative return on equity of 0.43%. The firm’s revenue for the quarter was up 41.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.32) earnings per share. analysts predict that SM Energy Co will post 0.41 earnings per share for the current fiscal year.

Several research analysts have recently weighed in on SM shares. JPMorgan Chase & Co. upped their price target on shares of SM Energy from $32.00 to $36.00 and gave the company a “$26.55” rating in a report on Monday, July 23rd. Stifel Nicolaus reduced their price target on shares of SM Energy from $50.00 to $45.00 and set a “buy” rating for the company in a report on Monday, April 23rd. Tudor Pickering upgraded shares of SM Energy from a “hold” rating to a “buy” rating in a report on Thursday, May 10th. Williams Capital set a $35.00 price objective on shares of SM Energy and gave the stock a “buy” rating in a research report on Friday, May 4th. Finally, TheStreet raised shares of SM Energy from a “d+” rating to a “c-” rating in a research report on Monday, July 9th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $29.50.

SM Energy Profile

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids in onshore North America. It primarily has operations in the South Texas and Gulf Coast, Rocky Mountain, and Permian regions.

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

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