SM Energy Co (SM) Position Increased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky boosted its stake in SM Energy Co (NYSE:SM) by 72.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,820 shares of the energy company’s stock after acquiring an additional 9,200 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in SM Energy were worth $482,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Amundi Pioneer Asset Management Inc. bought a new stake in shares of SM Energy during the 4th quarter valued at $134,000. State of Alaska Department of Revenue bought a new stake in shares of SM Energy during the 4th quarter valued at $143,000. Tower Research Capital LLC TRC boosted its holdings in shares of SM Energy by 2,652.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,770 shares of the energy company’s stock valued at $149,000 after buying an additional 6,524 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of SM Energy during the 4th quarter valued at $232,000. Finally, Granite Springs Asset Management LLC bought a new stake in shares of SM Energy during the 4th quarter valued at $243,000. Institutional investors and hedge funds own 97.36% of the company’s stock.

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SM stock opened at $18.58 on Friday. SM Energy Co has a 52-week low of $12.29 and a 52-week high of $28.20. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.21.

SM Energy (NYSE:SM) last issued its earnings results on Wednesday, February 21st. The energy company reported ($0.08) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.07. SM Energy had a negative return on equity of 2.09% and a negative net margin of 12.43%. The business had revenue of $340.53 million during the quarter, compared to analyst estimates of $330.83 million. During the same quarter in the previous year, the firm earned ($0.31) EPS. SM Energy’s revenue was down 10.4% on a year-over-year basis. research analysts anticipate that SM Energy Co will post 0.03 EPS for the current fiscal year.

SM has been the subject of several recent analyst reports. Royal Bank of Canada reaffirmed a “hold” rating and issued a $24.00 price target on shares of SM Energy in a research report on Wednesday, January 10th. Robert W. Baird set a $35.00 price target on SM Energy and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Williams Capital reaffirmed a “buy” rating and issued a $39.00 price target on shares of SM Energy in a research report on Wednesday, January 10th. KeyCorp reaffirmed an “overweight” rating and issued a $31.00 price target (up previously from $26.00) on shares of SM Energy in a research report on Wednesday, January 10th. Finally, Stifel Nicolaus set a $44.00 price target on SM Energy and gave the stock a “buy” rating in a research report on Monday, January 29th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. SM Energy presently has an average rating of “Buy” and an average price target of $28.00.

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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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