Van ECK Associates Corp trimmed its position in shares of SM Energy Co (NYSE:SM) by 32.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,108 shares of the energy company’s stock after selling 4,783 shares during the period. Van ECK Associates Corp’s holdings in SM Energy were worth $156,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in SM. Oslo Asset Management AS increased its holdings in shares of SM Energy by 73.9% during the 4th quarter. Oslo Asset Management AS now owns 2,412,039 shares of the energy company’s stock worth $37,338,000 after buying an additional 1,025,180 shares during the last quarter. AQR Capital Management LLC boosted its position in SM Energy by 597.7% during the 3rd quarter. AQR Capital Management LLC now owns 901,963 shares of the energy company’s stock worth $28,439,000 after purchasing an additional 772,689 shares during the period. Oregon Public Employees Retirement Fund boosted its position in SM Energy by 1,476.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 632,250 shares of the energy company’s stock worth $41,000 after purchasing an additional 592,145 shares during the period. Dimensional Fund Advisors LP boosted its position in SM Energy by 7.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 8,085,585 shares of the energy company’s stock worth $254,939,000 after purchasing an additional 562,244 shares during the period. Finally, Walthausen & Co. LLC purchased a new stake in SM Energy during the 3rd quarter worth $15,109,000.

NYSE:SM opened at $15.70 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 523.33, a PEG ratio of 5.07 and a beta of 3.11. SM Energy Co has a 1-year low of $13.15 and a 1-year high of $33.76.

SM Energy (NYSE:SM) last posted its quarterly earnings data on Wednesday, February 20th. The energy company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.07). The firm had revenue of $394.20 million during the quarter, compared to analysts’ expectations of $373.95 million. SM Energy had a net margin of 24.60% and a return on equity of 0.15%. The business’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period in the previous year, the company earned ($0.08) earnings per share. As a group, sell-side analysts expect that SM Energy Co will post 0.14 earnings per share for the current fiscal year.

SM has been the subject of a number of research reports. Tudor Pickering cut shares of SM Energy from a “buy” rating to a “hold” rating in a research report on Friday, December 14th. Zacks Investment Research cut shares of SM Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, December 31st. Macquarie cut shares of SM Energy from an “outperform” rating to a “neutral” rating and set a $16.00 price target for the company. in a research report on Friday, February 22nd. Barclays initiated coverage on shares of SM Energy in a research report on Wednesday, January 16th. They set an “overweight” rating and a $27.00 price target for the company. Finally, Seaport Global Securities raised shares of SM Energy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $29.00 to $34.00 in a research report on Monday, December 10th. Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $30.21.

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About SM Energy

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids in onshore North America. It primarily has operations in the Midland Basin and the Eagle Ford shale in Texas. As of December 31, 2017, the company had 468.1 million barrels of oil equivalent of estimated proved reserves; and working interests in 919 net productive oil wells and 489 net productive gas wells.

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

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