Nikko Asset Management Americas Inc. Has $7,082,000 Stake in SM Energy Company (SM)

Nikko Asset Management Americas Inc. increased its position in SM Energy Company (NYSE:SM) by 6.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 183,607 shares of the energy company’s stock after buying an additional 10,700 shares during the period. Nikko Asset Management Americas Inc. owned approximately 0.27% of SM Energy Company worth $7,082,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the company. Nisa Investment Advisors LLC acquired a new stake in SM Energy Company during the second quarter valued at about $124,000. LS Investment Advisors LLC boosted its stake in SM Energy Company by 1.5% in the second quarter. LS Investment Advisors LLC now owns 58,894 shares of the energy company’s stock valued at $1,590,000 after buying an additional 880 shares in the last quarter. MSI Financial Services Inc boosted its stake in SM Energy Company by 2,484.7% in the second quarter. MSI Financial Services Inc now owns 15,508 shares of the energy company’s stock valued at $419,000 after buying an additional 14,908 shares in the last quarter. Cypress Capital Management LLC WY acquired a new stake in SM Energy Company during the second quarter valued at about $764,000. Finally, Ameriprise Financial Inc. boosted its stake in SM Energy Company by 8.3% in the second quarter. Ameriprise Financial Inc. now owns 343,259 shares of the energy company’s stock valued at $9,269,000 after buying an additional 26,439 shares in the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.

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

SM Energy Company (NYSE:SM) traded up 1.21% on Wednesday, reaching $34.27. The company’s stock had a trading volume of 834,724 shares. The company has a 50 day moving average of $35.80 and a 200 day moving average of $33.90. The firm’s market capitalization is $2.98 billion. SM Energy Company has a 52 week low of $6.99 and a 52 week high of $43.09.

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Several research firms recently issued reports on SM. RBC Capital Markets reiterated a “sector perform” rating and set a $42.00 target price (up previously from $39.00) on shares of SM Energy Company in a research report on Friday, October 21st. Stifel Nicolaus upgraded SM Energy Company from a “hold” rating to a “buy” rating and increased their target price for the stock from $35.00 to $51.00 in a research report on Thursday, December 1st. KLR Group increased their target price on SM Energy Company from $53.00 to $59.00 and gave the stock a “buy” rating in a research report on Monday, October 24th. Royal Bank Of Canada increased their target price on SM Energy Company from $39.00 to $42.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 19th. Finally, Zacks Investment Research upgraded SM Energy Company from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research report on Tuesday, October 4th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have issued a buy rating to the stock. SM Energy Company has a consensus rating of “Hold” and an average price target of $37.02.

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 (NGLs) in onshore North America. The Company operates in the exploration and production segment of the oil and gas industry within the United States.

5 Day Chart for NYSE:SM

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