SM Energy Company (SM) Stake Boosted by Capstone Asset Management Co.

Capstone Asset Management Co. raised its stake in SM Energy Company (NYSE:SM) by 10.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,546 shares of the energy company’s stock after buying an additional 830 shares during the period. Capstone Asset Management Co.’s holdings in SM Energy Company were worth $205,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SM. Tyers Asset Management LLC acquired a new position in SM Energy Company during the fourth quarter valued at about $125,000. Flinton Capital Management LLC acquired a new position in SM Energy Company during the fourth quarter valued at about $151,000. Russell Investments Group Ltd. acquired a new position in SM Energy Company during the fourth quarter valued at about $221,000. Shelton Capital Management acquired a new position in SM Energy Company during the fourth quarter valued at about $224,000. Finally, Pacer Advisors Inc. acquired a new position in SM Energy Company during the third quarter valued at about $251,000. Hedge funds and other institutional investors own 97.81% of the company’s stock.

Institutional Ownership by Quarter for SM Energy Company (NYSE:SM)

Shares of SM Energy Company (NYSE SM) traded up 0.45% during mid-day trading on Monday, reaching $15.67. The company’s stock had a trading volume of 3,336,071 shares. SM Energy Company has a 52-week low of $15.29 and a 52-week high of $43.09. The company’s market capitalization is $1.74 billion. The firm’s 50 day moving average is $19.57 and its 200-day moving average is $26.41.

SM Energy Company (NYSE:SM) last issued its quarterly earnings results on Tuesday, May 2nd. The energy company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.54. SM Energy Company had a negative return on equity of 3.28% and a negative net margin of 23.23%. The business had revenue of $372.74 million for the quarter, compared to the consensus estimate of $309.43 million. Analysts forecast that SM Energy Company will post ($0.81) EPS for the current year.

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Several research analysts have issued reports on SM shares. Williams Capital set a $40.00 price objective on SM Energy Company and gave the stock a “buy” rating in a research report on Tuesday, May 16th. Scotiabank reissued a “buy” rating and issued a $33.00 target price on shares of SM Energy Company in a report on Monday, March 27th. Royal Bank Of Canada reissued a “hold” rating and issued a $38.00 target price on shares of SM Energy Company in a report on Friday, March 31st. Deutsche Bank AG lowered their target price on SM Energy Company from $39.00 to $36.00 and set a “hold” rating on the stock in a report on Tuesday, March 7th. Finally, Bank of America Corporation lowered SM Energy Company from a “buy” rating to a “neutral” rating and lowered their target price for the company from $48.00 to $37.00 in a report on Thursday, May 11th. Nine research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. SM Energy Company has an average rating of “Buy” and a consensus target price of $39.42.

In other SM Energy Company news, EVP Herbert S. Vogel purchased 3,000 shares of the stock in a transaction dated Thursday, June 8th. The shares were acquired at an average price of $16.60 per share, for a total transaction of $49,800.00. Following the completion of the acquisition, the executive vice president now owns 32,637 shares of the company’s stock, valued at approximately $541,774.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Javan D. Ottoson purchased 2,000 shares of the stock in a transaction dated Thursday, June 8th. The shares were acquired at an average price of $16.44 per share, for a total transaction of $32,880.00. Following the acquisition, the chief executive officer now directly owns 143,302 shares of the company’s stock, valued at approximately $2,355,884.88. The disclosure for this purchase can be found here. Insiders own 0.89% of the company’s stock.

SM Energy Company Company 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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