Today The 17,715 Shares in SM Energy Company (SM) Acquired by Cornercap Investment Counsel Inc.

Today The 17,715 Shares in SM Energy Company (SM) Acquired by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. purchased a new stake in SM Energy Company (NYSE:SM) during the fourth quarter, Holdings Channel reports. The fund purchased 17,715 shares of the energy company’s stock, valued at approximately $611,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SM. BlackRock Fund Advisors raised its position in shares of SM Energy Company by 32.5% in the third quarter. BlackRock Fund Advisors now owns 3,290,010 shares of the energy company’s stock valued at $126,929,000 after buying an additional 807,362 shares during the period. Ameriprise Financial Inc. raised its position in shares of SM Energy Company by 230.4% in the third quarter. Ameriprise Financial Inc. now owns 1,134,208 shares of the energy company’s stock valued at $43,758,000 after buying an additional 790,949 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in shares of SM Energy Company by 23.7% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 3,026,112 shares of the energy company’s stock valued at $116,747,000 after buying an additional 578,998 shares during the period. FMR LLC raised its position in shares of SM Energy Company by 3.4% in the second quarter. FMR LLC now owns 10,211,756 shares of the energy company’s stock valued at $275,717,000 after buying an additional 335,165 shares during the period. Finally, Capital Research Global Investors raised its position in shares of SM Energy Company by 4.4% in the second quarter. Capital Research Global Investors now owns 7,208,940 shares of the energy company’s stock valued at $194,641,000 after buying an additional 304,076 shares during the period. 87.83% of the stock is currently owned by hedge funds and other institutional investors.

Shares of SM Energy Company (NYSE:SM) traded up 1.91% during midday trading on Wednesday, reaching $32.57. 767,387 shares of the company traded hands. The company’s market capitalization is $2.83 billion. The company has a 50 day moving average price of $34.74 and a 200 day moving average price of $34.32. SM Energy Company has a 1-year low of $6.99 and a 1-year high of $43.09.

SM has been the subject of several analyst reports. Zacks Investment Research lowered shares of SM Energy Company from a “buy” rating to a “hold” rating in a research report on Tuesday, January 3rd. KLR Group upped their price target on shares of SM Energy Company from $53.00 to $59.00 and gave the company a “buy” rating in a research report on Monday, October 24th. RBC Capital Markets restated a “sector perform” rating and set a $42.00 price target (up from $39.00) on shares of SM Energy Company in a research report on Friday, October 21st. Stifel Nicolaus upgraded shares of SM Energy Company from a “hold” rating to a “buy” rating and upped their price target for the company from $35.00 to $51.00 in a research report on Thursday, December 1st. Finally, Bank of America Corporation initiated coverage on shares of SM Energy Company in a research report on Wednesday, January 4th. They set a “buy” rating and a $52.00 price target for the company. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $37.02.

SM Energy Company Company Profile

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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