SM Energy Company (NYSE:SM) Position Lowered by AMG National Trust Bank

AMG National Trust Bank lessened its holdings in SM Energy Company (NYSE:SM) by 9.9% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,561 shares of the energy company’s stock after selling 4,027 shares during the period. AMG National Trust Bank’s holdings in SM Energy were worth $604,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SM. Causeway Capital Management LLC boosted its stake in shares of SM Energy by 230.1% in the 1st quarter. Causeway Capital Management LLC now owns 6,909,664 shares of the energy company’s stock worth $189,801,000 after buying an additional 4,816,230 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of SM Energy by 16.2% in the 1st quarter. Vanguard Group Inc. now owns 8,779,746 shares of the energy company’s stock worth $210,889,000 after buying an additional 1,226,564 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of SM Energy by 33.1% in the 1st quarter. Alliancebernstein L.P. now owns 3,993,599 shares of the energy company’s stock worth $95,926,000 after buying an additional 994,186 shares during the last quarter. Frontier Capital Management Co. LLC boosted its stake in shares of SM Energy by 110.2% in the 1st quarter. Frontier Capital Management Co. LLC now owns 1,665,516 shares of the energy company’s stock worth $40,006,000 after buying an additional 873,223 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of SM Energy by 15.7% in the 1st quarter. State Street Corp now owns 4,415,234 shares of the energy company’s stock worth $106,054,000 after buying an additional 600,265 shares during the last quarter. Hedge funds and other institutional investors own 97.03% of the company’s stock.

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SM Energy Company (NYSE SM) opened at 16.61 on Friday. The company’s market cap is $1.85 billion. The stock has a 50 day moving average of $14.37 and a 200 day moving average of $18.41. SM Energy Company has a 12-month low of $12.29 and a 12-month high of $43.09. SM Energy also saw some unusual options trading activity on Wednesday. Investors purchased 14,897 put options on the company. This represents an increase of 676% compared to the typical daily volume of 1,919 put options.

SM Energy (NYSE:SM) last announced its quarterly earnings results on Thursday, August 3rd. The energy company reported ($0.32) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.32). The company had revenue of $284.94 million for the quarter, compared to the consensus estimate of $299.12 million. SM Energy had a negative net margin of 20.67% and a negative return on equity of 3.11%. SM Energy’s revenue for the quarter was down 16.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.44) EPS. Equities analysts expect that SM Energy Company will post ($1.14) earnings per share for the current year.

Several equities analysts recently commented on SM shares. BMO Capital Markets set a $20.00 price objective on SM Energy and gave the company a “hold” rating in a research note on Saturday, August 5th. Seaport Global Securities downgraded SM Energy from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $31.00 to $16.00 in a research note on Wednesday, June 21st. Scotiabank set a $19.00 price objective on SM Energy and gave the company a “hold” rating in a research note on Saturday, July 1st. BidaskClub downgraded SM Energy from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. Finally, Williams Capital set a $32.00 price objective on SM Energy and gave the company a “buy” rating in a research note on Friday, August 4th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $31.73.

SM Energy 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.

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

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