SM Energy Co (SM) Holdings Cut by Peregrine Capital Management LLC

Peregrine Capital Management LLC trimmed its position in SM Energy Co (NYSE:SM) by 7.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 268,698 shares of the energy company’s stock after selling 20,786 shares during the quarter. Peregrine Capital Management LLC owned 0.24% of SM Energy worth $5,933,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. State of Alaska Department of Revenue bought a new stake in shares of SM Energy in the fourth quarter worth $143,000. Van ECK Associates Corp grew its stake in shares of SM Energy by 20.9% in the second quarter. Van ECK Associates Corp now owns 14,298 shares of the energy company’s stock worth $236,000 after purchasing an additional 2,467 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in SM Energy in the third quarter valued at $261,000. Nisa Investment Advisors LLC acquired a new position in SM Energy in the fourth quarter valued at $384,000. Finally, Cornerstone Capital Management Holdings LLC. lifted its holdings in SM Energy by 63.9% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 18,100 shares of the energy company’s stock valued at $299,000 after buying an additional 7,057 shares during the period. 97.36% of the stock is currently owned by hedge funds and other institutional investors.

Shares of SM Energy Co (NYSE SM) opened at $21.54 on Tuesday. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 1.20. The firm has a market cap of $2,400.00, a price-to-earnings ratio of -6.34 and a beta of 2.94. SM Energy Co has a 52-week low of $12.29 and a 52-week high of $29.30.

Several equities analysts have recently weighed in on SM shares. Robert W. Baird upped their price objective on shares of SM Energy from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Monday, December 18th. KeyCorp reissued an “overweight” rating and set a $31.00 target price (up from $26.00) on shares of SM Energy in a research report on Wednesday, January 10th. B. Riley assumed coverage on shares of SM Energy in a research report on Monday, February 5th. They set a “buy” rating and a $36.00 target price for the company. Deutsche Bank initiated coverage on shares of SM Energy in a research report on Thursday, February 1st. They set a “buy” rating and a $32.00 target price for the company. Finally, Credit Suisse Group initiated coverage on shares of SM Energy in a research report on Monday, December 11th. They issued an “outperform” rating and a $27.00 price objective for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $27.81.

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SM Energy 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 in onshore North America. It operates in the exploration and production segment of the oil and gas industry within the United States.

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

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