Capital Fund Management S.A. bought a new stake in shares of SM Energy Company (NYSE:SM) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 34,500 shares of the energy company’s stock, valued at approximately $570,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Meadow Creek Investment Management LLC increased its holdings in SM Energy by 172.9% in the first quarter. Meadow Creek Investment Management LLC now owns 5,632 shares of the energy company’s stock valued at $135,000 after buying an additional 3,568 shares in the last quarter. Pacer Advisors Inc. increased its holdings in SM Energy by 12.1% in the second quarter. Pacer Advisors Inc. now owns 9,878 shares of the energy company’s stock valued at $163,000 after buying an additional 1,064 shares in the last quarter. Tocqueville Asset Management L.P. purchased a new position in SM Energy in the second quarter valued at $165,000. Credit Agricole S A increased its holdings in SM Energy by 13.2% in the first quarter. Credit Agricole S A now owns 7,106 shares of the energy company’s stock valued at $171,000 after buying an additional 831 shares in the last quarter. Finally, B & T Capital Management DBA Alpha Capital Management increased its holdings in SM Energy by 3.2% in the second quarter. B & T Capital Management DBA Alpha Capital Management now owns 10,959 shares of the energy company’s stock valued at $181,000 after buying an additional 335 shares in the last quarter. Institutional investors own 97.03% of the company’s stock.

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A number of analysts have recently commented on SM shares. Williams Capital set a $32.00 target price on shares of SM Energy and gave the stock a “buy” rating in a research note on Friday, August 4th. Royal Bank Of Canada set a $20.00 target price on shares of SM Energy and gave the stock a “hold” rating in a research note on Thursday, August 24th. Scotiabank set a $19.00 target price on shares of SM Energy and gave the stock a “hold” rating in a research note on Saturday, July 1st. BMO Capital Markets set a $20.00 target price on shares of SM Energy and gave the stock a “hold” rating in a research note on Saturday, August 5th. Finally, Bank of America Corporation started coverage on shares of SM Energy in a research note on Wednesday, July 19th. They set a “neutral” rating and a $20.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $31.73.

SM Energy Company (SM) opened at 15.60 on Monday. SM Energy Company has a one year low of $12.29 and a one year high of $43.09. The stock has a 50 day moving average of $14.47 and a 200 day moving average of $18.63. The firm’s market capitalization is $1.74 billion.

SM Energy (NYSE:SM) last released its earnings results on Thursday, August 3rd. The energy company reported ($0.32) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.32). SM Energy had a negative net margin of 20.67% and a negative return on equity of 3.11%. The business had revenue of $284.94 million for the quarter, compared to analysts’ expectations of $299.12 million. During the same period last year, the company earned ($0.44) earnings per share. The company’s quarterly revenue was down 16.6% on a year-over-year basis. Analysts forecast that SM Energy Company will post ($1.14) earnings per share for the current year.

About SM Energy

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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