DFT Energy LP trimmed its position in SM Energy Co (NYSE:SM) by 53.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 200,000 shares of the energy company’s stock after selling 230,000 shares during the quarter. SM Energy makes up 5.7% of DFT Energy LP’s portfolio, making the stock its 10th biggest position. DFT Energy LP owned 0.18% of SM Energy worth $4,416,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the stock. State of Alaska Department of Revenue acquired a new position in shares of SM Energy during the 4th quarter worth about $143,000. Russell Investments Group Ltd. grew its position in shares of SM Energy by 43.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 12,368 shares of the energy company’s stock worth $205,000 after buying an additional 3,762 shares during the period. Van ECK Associates Corp grew its position in shares of SM Energy by 20.9% during the 2nd quarter. Van ECK Associates Corp now owns 14,298 shares of the energy company’s stock worth $236,000 after buying an additional 2,467 shares during the period. Campbell & CO Investment Adviser LLC acquired a new position in shares of SM Energy during the 3rd quarter worth about $261,000. Finally, Nisa Investment Advisors LLC acquired a new position in shares of SM Energy during the 4th quarter worth about $384,000. Hedge funds and other institutional investors own 97.36% of the company’s stock.
Several equities analysts have recently issued reports on the company. ValuEngine lowered SM Energy from a “sell” rating to a “strong sell” rating in a research report on Tuesday. Robert W. Baird lifted their price objective on SM Energy from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Monday, December 18th. KeyCorp reiterated an “overweight” rating and set a $31.00 price objective (up previously from $26.00) on shares of SM Energy in a report on Wednesday, January 10th. B. Riley assumed coverage on SM Energy in a report on Monday, February 5th. They set a “buy” rating and a $36.00 price objective on the stock. Finally, Deutsche Bank assumed coverage on SM Energy in a report on Thursday, February 1st. They set a “buy” rating and a $32.00 price objective on the stock. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $27.81.
SM Energy Co (NYSE SM) traded up $0.96 during midday trading on Wednesday, reaching $21.43. The company’s stock had a trading volume of 3,440,000 shares, compared to its average volume of 3,610,000. The company has a market cap of $2,390.00, a PE ratio of -6.30 and a beta of 2.94. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.53 and a quick ratio of 1.53. SM Energy Co has a 12-month low of $12.29 and a 12-month high of $28.63.
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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.
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