Todays Report: Today, Great West Life Assurance Co. Can Buys 9,414 Shares of SM Energy Co. (SM)

Today, Great West Life Assurance Co. Can Buys 9,414 Shares of SM Energy Co. (SM)

Great West Life Assurance Co. Can increased its position in shares of SM Energy Co. (NYSE:SM) by 24.3% during the third quarter, Holdings Channel reports. The fund owned 48,164 shares of the energy company’s stock after buying an additional 9,414 shares during the period. Great West Life Assurance Co. Can’s holdings in SM Energy were worth $1,857,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in SM. JPMorgan Chase & Co. raised its stake in SM Energy by 18.1% in the first quarter. JPMorgan Chase & Co. now owns 64,281 shares of the energy company’s stock valued at $1,205,000 after buying an additional 9,873 shares during the last quarter. Nuveen Asset Management LLC raised its stake in SM Energy by 211.2% in the first quarter. Nuveen Asset Management LLC now owns 85,786 shares of the energy company’s stock valued at $1,608,000 after buying an additional 58,222 shares during the last quarter. BNP Paribas Arbitrage SA acquired a new stake in SM Energy during the second quarter valued at approximately $1,029,000. Douglass Winthrop Advisors LLC raised its stake in SM Energy by 3.3% in the second quarter. Douglass Winthrop Advisors LLC now owns 304,865 shares of the energy company’s stock valued at $9,768,000 after buying an additional 9,850 shares during the last quarter. Finally, Nisa Investment Advisors LLC acquired a new stake in SM Energy during the second quarter valued at approximately $124,000. 99.05% of the stock is currently owned by hedge funds and other institutional investors.

Shares of SM Energy Co. (NYSE:SM) traded down 7.00% during trading on Monday, hitting $33.10. 2,343,979 shares of the company were exchanged. The firm’s 50-day moving average price is $35.67 and its 200 day moving average price is $32.68. SM Energy Co. has a 12 month low of $6.99 and a 12 month high of $43.09. The firm’s market capitalization is $2.88 billion.

The firm also recently declared a semiannual dividend, which was paid on Wednesday, November 2nd. Shareholders of record on Friday, October 21st were given a dividend of $0.05 per share. This represents a yield of 0.29%. The ex-dividend date was Wednesday, October 19th. SM Energy’s dividend payout ratio is presently -0.76%.

Several equities research analysts recently commented on SM shares. Seaport Global Securities raised shares of SM Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $30.00 to $53.00 in a research note on Tuesday, August 30th. KLR Group boosted their price objective on shares of SM Energy from $53.00 to $59.00 and gave the stock a “buy” rating in a research note on Monday, October 24th. Scotiabank raised shares of SM Energy from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the stock from $35.00 to $48.00 in a research note on Tuesday, October 4th. Howard Weil raised shares of SM Energy from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the stock from $35.00 to $48.00 in a research note on Tuesday, October 4th. Finally, Williams Capital started coverage on shares of SM Energy in a research note on Monday, August 29th. They set a “buy” rating and a $57.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $35.06.

In other SM Energy news, SVP Kenneth J. Knott sold 661 shares of the firm’s stock in a transaction that occurred on Thursday, September 29th. The shares were sold at an average price of $40.00, for a total transaction of $26,440.00. Following the completion of the transaction, the senior vice president now directly owns 43,417 shares of the company’s stock, valued at approximately $1,736,680. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.70% of the company’s stock.

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.

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