Virtus Investment Advisers adds SM Energy Co (SM) to its portfolio

SM Energy Co (SM) : Virtus Investment Advisers added new position in SM Energy Co during the most recent quarter end. The investment management firm now holds 900 shares of SM Energy Co which is valued at $29,367 , the company said in a statement filed on Aug 15, 2016 with the SEC.SM Energy Co makes up approximately 0.02% of Virtus Investment Advisers’s portfolio.

Other Hedge Funds, Including , Highbridge Capital Management sold out all of its stake in SM during the most recent quarter. The investment firm sold 49,412 shares of SM which is valued $1,612,314.Van Eck Associates Corp reduced its stake in SM by selling 161,986 shares or 8.18% in the most recent quarter. The Hedge Fund company now holds 1,818,081 shares of SM which is valued at $59,323,983. SM Energy Co makes up approx 0.28% of Van Eck Associates Corp’s portfolio. Ikos Cif Ltd sold out all of its stake in SM during the most recent quarter. The investment firm sold 5,356 shares of SM which is valued $174,766.Bokf Na boosted its stake in SM in the latest quarter, The investment management firm added 962 additional shares and now holds a total of 13,630 shares of SM Energy Co which is valued at $444,747. SM Energy Co makes up approx 0.02% of Bokf Na’s portfolio.

SM Energy Co closed down -0.32 points or -0.84% at $37.56 with 24,08,187 shares getting traded on Thursday. Post opening the session at $37.53, the shares hit an intraday low of $36.77 and an intraday high of $37.78 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, SM Energy Co reported $-0.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.24 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $-0.68. The company had revenue of $341.80 million for the quarter, compared to analysts expectations of $344.82 million. The company’s revenue was down -33.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.49 EPS.

Many Wall Street Analysts have commented on SM Energy Co. SM Energy Co was Upgraded by Seaport Global Securities to ” Buy” on Aug 30, 2016. Williams Capital Group Initiated SM Energy Co on Aug 29, 2016 to “Buy”, Price Target of the shares are set at $57.SM Energy Co was Upgraded by Piper Jaffray to ” Overweight” on Aug 15, 2016.

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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