Brown Brothers Harriman & Co. held its stake in SM Energy Company (NYSE:SM) during the third quarter, Holdings Channel reports. The institutional investor owned 55,929 shares of the energy company’s stock at the end of the third quarter. Brown Brothers Harriman & Co. owned about 0.06% of SM Energy Company worth $2,158,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in SM. Municipal Employees Retirement System of Michigan boosted its position in shares of SM Energy Company by 1.4% in the third quarter. Municipal Employees Retirement System of Michigan now owns 30,560 shares of the energy company’s stock worth $1,179,000 after buying an additional 430 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its position in shares of SM Energy Company by 3.5% in the third quarter. Public Employees Retirement Association of Colorado now owns 17,914 shares of the energy company’s stock worth $691,000 after buying an additional 607 shares during the last quarter. US Bancorp DE boosted its position in shares of SM Energy Company by 1.0% in the third quarter. US Bancorp DE now owns 78,234 shares of the energy company’s stock worth $3,018,000 after buying an additional 806 shares during the last quarter. LS Investment Advisors LLC boosted its position in shares of 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 worth $1,590,000 after buying an additional 880 shares during the last quarter. Finally, IndexIQ Advisors LLC boosted its position in shares of SM Energy Company by 35.4% in the third quarter. IndexIQ Advisors LLC now owns 3,571 shares of the energy company’s stock worth $138,000 after buying an additional 934 shares during the last quarter. 87.78% of the stock is currently owned by institutional investors.

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

SM Energy Company (NYSE:SM) traded down 3.15% on Friday, hitting $33.17. 1,763,977 shares of the stock were exchanged. The company’s 50-day moving average is $35.71 and its 200-day moving average is $33.91. SM Energy Company has a 52 week low of $6.99 and a 52 week high of $43.09. The company’s market cap is $2.88 billion.

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A number of brokerages have recently commented on SM. RBC Capital Markets reaffirmed a “sector perform” rating and issued a $42.00 target price (up from $39.00) on shares of SM Energy Company in a report on Friday, October 21st. Stifel Nicolaus raised shares of SM Energy Company from a “hold” rating to a “buy” rating and lifted their target price for the company from $35.00 to $51.00 in a report on Thursday, December 1st. KLR Group lifted their target price on shares of SM Energy Company from $53.00 to $59.00 and gave the company a “buy” rating in a report on Monday, October 24th. Royal Bank Of Canada lifted their price objective on shares of SM Energy Company from $39.00 to $42.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 19th. Finally, Howard Weil upgraded shares of SM Energy Company from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $35.00 to $48.00 in a research report on Tuesday, October 4th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fifteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price 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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