Virginia Retirement Systems ET AL Sells 60,586 Shares of SM Energy Co (SM)

Virginia Retirement Systems ET AL decreased its position in SM Energy Co (NYSE:SM) by 44.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,533 shares of the energy company’s stock after selling 60,586 shares during the quarter. Virginia Retirement Systems ET AL owned 0.07% of SM Energy worth $1,340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA lifted its position in SM Energy by 87.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 85,207 shares of the energy company’s stock worth $1,408,000 after buying an additional 39,683 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its position in SM Energy by 2.3% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 18,630 shares of the energy company’s stock worth $308,000 after buying an additional 418 shares during the last quarter. Frontier Capital Management Co. LLC lifted its position in SM Energy by 18.5% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,972,875 shares of the energy company’s stock worth $32,612,000 after buying an additional 307,359 shares during the last quarter. First Trust Advisors LP lifted its position in SM Energy by 53.1% in the second quarter. First Trust Advisors LP now owns 414,959 shares of the energy company’s stock valued at $6,859,000 after purchasing an additional 143,972 shares during the last quarter. Finally, BlueMountain Capital Management LLC lifted its position in SM Energy by 1,227.2% in the second quarter. BlueMountain Capital Management LLC now owns 184,390 shares of the energy company’s stock valued at $3,048,000 after purchasing an additional 170,497 shares during the last quarter. Institutional investors own 97.36% of the company’s stock.

SM Energy Co (NYSE:SM) traded down $0.37 on Thursday, hitting $21.50. The stock had a trading volume of 3,016,600 shares, compared to its average volume of 3,782,959. 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 52-week low of $12.29 and a 52-week high of $39.28.

SM Energy (NYSE:SM) last posted its earnings results on Thursday, November 2nd. The energy company reported ($0.25) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $295.40 million for the quarter, compared to analysts’ expectations of $300.80 million. During the same period in the previous year, the firm earned ($0.37) earnings per share. The business’s revenue was down 16.2% compared to the same quarter last year. equities analysts anticipate that SM Energy Co will post -1.05 EPS for the current year.

Several analysts have weighed in on SM shares. Barclays boosted their price objective on SM Energy from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Wednesday, October 11th. Zacks Investment Research upgraded SM Energy from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Thursday, November 9th. Mitsubishi UFJ Financial Group reiterated a “neutral” rating on shares of SM Energy in a research report on Monday, October 2nd. Williams Capital boosted their price objective on SM Energy from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, October 18th. Finally, J P Morgan Chase & Co upgraded SM Energy from a “neutral” rating to an “overweight” rating and set a $30.00 price objective for the company in a research report on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $26.00.

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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.

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

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