SM Energy Co (SM) : Columbia Pacific Advisors reduced its stake in SM Energy Co by 16.48% during the most recent quarter end. The investment management company now holds a total of 124,741 shares of SM Energy Co which is valued at $4,037,866 after selling 24,618 shares in SM Energy Co , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.SM Energy Co makes up approximately 3.31% of Columbia Pacific Advisors’s portfolio.
Other Hedge Funds, Including , Brant Point Investment Management added SM to its portfolio by purchasing 65,000 company shares during the most recent quarter which is valued at $2,104,050. SM Energy Co makes up approx 0.38% of Brant Point Investment Management’s portfolio. Elk Creek Partners added SM to its portfolio by purchasing 216,849 company shares during the most recent quarter which is valued at $7,095,299. SM Energy Co makes up approx 0.48% of Elk Creek Partners’s portfolio.Proshare Advisors boosted its stake in SM in the latest quarter, The investment management firm added 1,465 additional shares and now holds a total of 14,444 shares of SM Energy Co which is valued at $472,608. SM Energy Co makes up approx 0.01% of Proshare Advisors’s portfolio.Advisor Group reduced its stake in SM by selling 500 shares or 68.03% in the most recent quarter. The Hedge Fund company now holds 235 shares of SM which is valued at $7,680.New York State Common Retirement Fund reduced its stake in SM by selling 66,090 shares or 15.03% in the most recent quarter. The Hedge Fund company now holds 373,731 shares of SM which is valued at $11,682,831. SM Energy Co makes up approx 0.02% of New York State Common Retirement Fund’s portfolio.
SM Energy Co opened for trading at $34.2 and hit $35.88 on the upside on Monday, eventually ending the session at $34.99, with a gain of 3.09% or 1.05 points. The heightened volatility saw the trading volume jump to 17,51,495 shares. Company has a market cap of $3,040 M.
On the company’s financial health, SM Energy Co reported $-0.37 EPS for the quarter, beating the analyst consensus estimate by $ 0.23 according to the earnings call on Nov 1, 2016. Analyst had a consensus of $-0.60. The company had revenue of $352.66 million for the quarter, compared to analysts expectations of $380.75 million. The company’s revenue was down -5.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.34 EPS.
Many Wall Street Analysts have commented on SM Energy Co. Company shares were Reiterated by RBC Capital Mkts on Oct 19, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 42 from a previous price target of $39 .SM Energy Co was Upgraded by CapitalOne to ” Overweight” on Oct 18, 2016. Company shares were Upgraded by Scotia Howard Weil on Oct 4, 2016 to ” Sector Outperform”, Firm has raised the Price Target to $ 48 from a previous price target of $35 .
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 Companys office in Midland Texas and covers western Texas and southeastern New Mexico and Mid-Continent Region which is managed from the Companys office in Tulsa Oklahoma and the Mid-Continent Region consists of its Haynesville and Woodford Shale assets.