Henderson Group PLC lowered its position in SM Energy Co. (NYSE:SM) by 10.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 309,618 shares of the energy company’s stock after selling 34,876 shares during the period. Henderson Group PLC’s holdings in SM Energy were worth $8,360,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in SM. State Street Corp increased its position in shares of SM Energy by 14.0% in the first quarter. State Street Corp now owns 3,778,006 shares of the energy company’s stock worth $70,795,000 after buying an additional 464,526 shares during the period. HBK Investments L P increased its position in shares of SM Energy by 560.3% in the first quarter. HBK Investments L P now owns 876,907 shares of the energy company’s stock worth $16,433,000 after buying an additional 744,107 shares during the period. TIAA CREF Investment Management LLC increased its position in shares of SM Energy by 56.3% in the first quarter. TIAA CREF Investment Management LLC now owns 304,932 shares of the energy company’s stock worth $5,714,000 after buying an additional 109,812 shares during the period. NN Investment Partners Holdings N.V. purchased a new position in shares of SM Energy during the first quarter worth approximately $457,000. Finally, Teachers Advisors Inc. increased its position in shares of SM Energy by 50.6% in the first quarter. Teachers Advisors Inc. now owns 127,246 shares of the energy company’s stock worth $2,385,000 after buying an additional 42,748 shares during the period. 82.83% of the stock is currently owned by institutional investors.
Shares of SM Energy Co. (NYSE:SM) traded down 0.46% on Monday, reaching $38.72. The company’s stock had a trading volume of 1,847,265 shares. The firm has a 50 day moving average of $37.24 and a 200 day moving average of $30.49. SM Energy Co. has a 52-week low of $6.99 and a 52-week high of $42.33. The company’s market cap is $2.65 billion.
SM Energy (NYSE:SM) last released its quarterly earnings results on Tuesday, August 2nd. The energy company reported ($0.44) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.71) by $0.27. SM Energy had a negative net margin of 73.55% and a negative return on equity of 9.92%. The company earned $341.80 million during the quarter, compared to the consensus estimate of $328.18 million. During the same period in the previous year, the business earned $0.49 earnings per share. The firm’s quarterly revenue was down 33.8% on a year-over-year basis. Analysts predict that SM Energy Co. will post ($2.38) earnings per share for the current year.
The firm also recently declared a semiannual dividend, which will be paid on Wednesday, November 2nd. Stockholders of record on Friday, October 21st will be given a $0.05 dividend. The ex-dividend date is Wednesday, October 19th. This represents a dividend yield of 0.29%. SM Energy’s payout ratio is -0.80%.
SM has been the topic of a number of recent research reports. Citigroup Inc. upgraded SM Energy to a “neutral” rating and boosted their target price for the company from $16.00 to $36.00 in a research note on Monday, August 22nd. Simmons upgraded SM Energy from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $38.00 to $50.00 in a research note on Monday, August 15th. Zacks Investment Research downgraded SM Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, September 6th. Cantor Fitzgerald reiterated a “hold” rating and set a $24.00 price target on shares of SM Energy in a research note on Wednesday, July 6th. Finally, Williams Capital started coverage on SM Energy in a research note on Monday, August 29th. They set a “buy” rating and a $57.00 price target for the company. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and thirteen have assigned a buy rating to the company. SM Energy presently has an average rating of “Hold” and an average price target of $33.52.
In other news, SVP Kenneth J. Knott sold 661 shares of SM Energy stock in a transaction that occurred on Thursday, September 29th. The shares were sold at an average price of $40.00, for a total value of $26,440.00. Following the completion of the sale, the senior vice president now directly owns 43,417 shares in the company, valued at $1,736,680. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.70% of the stock is currently owned by insiders.
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 (NGLs) in onshore North America. The Company operates in the exploration and production segment of the oil and gas industry within the United States.