Armstrong Henry H Associates Inc Lowers stake in SM Energy Co (SM)

SM Energy Co (SM) : Armstrong Henry H Associates Inc reduced its stake in SM Energy Co by 22.42% during the most recent quarter end. The investment management company now holds a total of 17,300 shares of SM Energy Co which is valued at $439,939 after selling 5,000 shares in SM Energy Co , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.SM Energy Co makes up approximately 0.08% of Armstrong Henry H Associates Inc’s portfolio.

Other Hedge Funds, Including , Retirement Systems Of Alabama boosted its stake in SM in the latest quarter, The investment management firm added 36 additional shares and now holds a total of 87,819 shares of SM Energy Co which is valued at $2,233,237. SM Energy Co makes up approx 0.01% of Retirement Systems Of Alabama’s portfolio.Winslow Evans Crocker boosted its stake in SM in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 58 shares of SM Energy Co which is valued at $1,531.Miller Howard Investments Inc Ny reduced its stake in SM by selling 136 shares or 0.91% in the most recent quarter. The Hedge Fund company now holds 14,790 shares of SM which is valued at $390,308. SM Energy Co makes up approx 0.01% of Miller Howard Investments Inc Ny’s portfolio.Nn Investment Partners Holdings N.v. reduced its stake in SM by selling 1,695 shares or 6.95% in the most recent quarter. The Hedge Fund company now holds 22,705 shares of SM which is valued at $593,282. SM Energy Co makes up approx 0.01% of Nn Investment Partners Holdings N.v.’s portfolio.Cutler Group Lp boosted its stake in SM in the latest quarter, The investment management firm added 38,712 additional shares and now holds a total of 49,913 shares of SM Energy Co which is valued at $1,304,227. SM Energy Co makes up approx 0.09% of Cutler Group Lp’s portfolio.

SM Energy Co opened for trading at $25.2 and hit $27.1901 on the upside on Friday, eventually ending the session at $27.13, with a gain of 4.83% or 1.25 points. The heightened volatility saw the trading volume jump to 19,72,011 shares. Company has a market cap of $1,847 M.

On the company’s financial health, SM Energy Co reported $-0.83 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 3, 2016. Analyst had a consensus of $-0.84. The company had revenue of $143.10 million for the quarter, compared to analysts expectations of $363.11 million. The company’s revenue was down -60.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.21 EPS.

Many Wall Street Analysts have commented on SM Energy Co. Company shares were Reiterated by Barclays on May 6, 2016 to “Overweight”, Firm has raised the Price Target to $ 32 from a previous price target of $23 .Company shares were Reiterated by Topeka Capital Markets on May 4, 2016 to “Buy”, Firm has raised the Price Target to $ 35 from a previous price target of $32 .

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. Its operations are carried in four onshore operating areas in the United States: South Texas & Gulf Coast Region which is managed from its office in Houston Texas and has both operated and non-operated Eagle Ford shale programs; Rocky Mountain Region which the Company operates from its office in Billings Montana and focuses on the development and growth through acquisition of assets targeting the Bakken/Three Forks formations; Permian Region which is managed from the Company’s office in Midland Texas and covers western Texas and southeastern New Mexico and Mid-Continent Region which is managed from the Company’s office in Tulsa Oklahoma and the Mid-Continent Region consists of its Haynesville and Woodford Shale assets.

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