Prudential Financial Inc. boosted its holdings in shares of SM Energy Co (NYSE:SM) by 358.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 273,739 shares of the energy company’s stock after acquiring an additional 214,054 shares during the period. Prudential Financial Inc. owned about 0.24% of SM Energy worth $3,427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also modified their holdings of SM. Twin Tree Management LP bought a new stake in shares of SM Energy in the 1st quarter valued at about $36,000. CWM Advisors LLC bought a new stake in shares of SM Energy in the 2nd quarter valued at about $179,000. Dupont Capital Management Corp boosted its holdings in shares of SM Energy by 29.5% in the 2nd quarter. Dupont Capital Management Corp now owns 15,349 shares of the energy company’s stock valued at $192,000 after buying an additional 3,500 shares in the last quarter. Shell Asset Management Co. bought a new stake in shares of SM Energy in the 1st quarter valued at about $203,000. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of SM Energy by 77.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 22,466 shares of the energy company’s stock valued at $281,000 after buying an additional 9,816 shares in the last quarter. Institutional investors own 98.92% of the company’s stock.
SM traded down $0.20 during trading on Friday, reaching $9.65. 3,820,921 shares of the company’s stock were exchanged, compared to its average volume of 3,283,309. SM Energy Co has a 1 year low of $8.46 and a 1 year high of $33.76. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.57 and a current ratio of 0.57. The company’s fifty day simple moving average is $9.76 and its 200-day simple moving average is $13.19.
SM Energy (NYSE:SM) last posted its quarterly earnings results on Thursday, August 1st. The energy company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.13. SM Energy had a net margin of 2.91% and a negative return on equity of 2.07%. The company had revenue of $407.17 million during the quarter, compared to analyst estimates of $407.53 million. During the same period last year, the firm posted $0.15 EPS. On average, analysts anticipate that SM Energy Co will post -0.47 EPS for the current year.
Several brokerages recently commented on SM. Raymond James decreased their price objective on shares of SM Energy from $20.00 to $15.00 and set an “outperform” rating for the company in a research report on Thursday, July 18th. ValuEngine raised shares of SM Energy from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Wells Fargo & Co lowered shares of SM Energy from an “outperform” rating to a “market perform” rating and set a $23.00 price objective for the company. in a research report on Monday, July 8th. Stephens reaffirmed an “overweight” rating and issued a $20.00 price objective (down from $26.00) on shares of SM Energy in a research report on Tuesday, June 18th. Finally, Barclays decreased their price objective on shares of SM Energy from $13.00 to $9.00 and set an “underweight” rating for the company in a research report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the stock. SM Energy presently has a consensus rating of “Hold” and an average price target of $20.00.
SM Energy Profile
SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids in onshore North America. As of December 31, 2018, the company had 503.4 million barrels of oil equivalent of estimated proved reserves; and working interests in 715 gross productive oil wells and 504 gross productive gas wells primarily in the Permian, South Texas, and Gulf Coast regions in the United States.
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