State of Alaska Department of Revenue bought a new stake in SM Energy Co (NYSE:SM) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 6,500 shares of the energy company’s stock, valued at approximately $143,000.

Several other hedge funds and other institutional investors have also modified their holdings of SM. State Street Corp grew its holdings in shares of SM Energy by 17.7% in the second quarter. State Street Corp now owns 5,195,340 shares of the energy company’s stock valued at $85,878,000 after purchasing an additional 780,106 shares during the period. Frontier Capital Management Co. LLC grew its holdings in shares of SM Energy by 39.2% in the third quarter. Frontier Capital Management Co. LLC now owns 2,746,616 shares of the energy company’s stock valued at $48,725,000 after purchasing an additional 773,741 shares during the period. Mackenzie Financial Corp grew its holdings in shares of SM Energy by 878.9% in the third quarter. Mackenzie Financial Corp now owns 695,000 shares of the energy company’s stock valued at $12,329,000 after purchasing an additional 624,000 shares during the period. Renaissance Technologies LLC grew its holdings in shares of SM Energy by 451.2% in the second quarter. Renaissance Technologies LLC now owns 737,000 shares of the energy company’s stock valued at $12,183,000 after purchasing an additional 603,300 shares during the period. Finally, Oslo Asset Management AS grew its holdings in shares of SM Energy by 61.1% in the third quarter. Oslo Asset Management AS now owns 1,461,359 shares of the energy company’s stock valued at $25,925,000 after purchasing an additional 554,359 shares during the period. Institutional investors and hedge funds own 97.36% of the company’s stock.

SM has been the subject of a number of analyst reports. KeyCorp reissued a “buy” rating and issued a $26.00 price objective on shares of SM Energy in a report on Friday, October 20th. Zacks Investment Research raised shares of SM Energy from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Thursday, November 9th. Williams Capital reissued a “buy” rating and issued a $39.00 price objective on shares of SM Energy in a report on Wednesday, January 10th. Credit Suisse Group initiated coverage on shares of SM Energy in a report on Monday, December 11th. They issued an “outperform” rating and a $27.00 price objective for the company. Finally, Barclays upped their price objective on shares of SM Energy from $21.00 to $23.00 and gave the company an “overweight” rating in a report on Monday, November 20th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company’s stock. SM Energy presently has a consensus rating of “Buy” and an average target price of $27.81.

Shares of SM Energy Co (NYSE SM) opened at $20.34 on Friday. The stock has a market cap of $2,270.00, a PE ratio of -5.98 and a beta of 2.94. SM Energy Co has a 1 year low of $12.29 and a 1 year high of $29.30. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.53 and a current ratio of 1.53.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by Daily Political and is owned by of Daily Political. If you are accessing this report on another publication, it was illegally copied and republished in violation of U.S. & international copyright law. The original version of this report can be read at https://www.dailypolitical.com/2018/02/10/6500-shares-in-sm-energy-co-sm-purchased-by-state-of-alaska-department-of-revenue.html.

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.

Want to see what other hedge funds are holding SM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SM Energy Co (NYSE:SM).

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

Receive News & Ratings for SM Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SM Energy and related companies with MarketBeat.com's FREE daily email newsletter.