Cubist Systematic Strategies LLC Has $209,000 Stake in SM Energy Company (SM)
Cubist Systematic Strategies LLC reduced its stake in SM Energy Company (NYSE:SM) by 66.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,668 shares of the energy company’s stock after selling 25,644 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in SM Energy were worth $209,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Pacer Advisors Inc. lifted its position in SM Energy by 12.1% in the 2nd quarter. Pacer Advisors Inc. now owns 9,878 shares of the energy company’s stock valued at $163,000 after acquiring an additional 1,064 shares in the last quarter. Tocqueville Asset Management L.P. bought a new position in SM Energy in the 2nd quarter valued at approximately $165,000. Credit Agricole S A lifted its position in SM Energy by 13.2% in the 1st quarter. Credit Agricole S A now owns 7,106 shares of the energy company’s stock valued at $171,000 after acquiring an additional 831 shares in the last quarter. B & T Capital Management DBA Alpha Capital Management lifted its position in SM Energy by 3.2% in the 2nd 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 acquiring an additional 335 shares in the last quarter. Finally, ING Groep NV bought a new position in SM Energy in the 2nd quarter valued at approximately $197,000. 96.76% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts recently issued reports on SM shares. Bank of America Corporation started coverage on SM Energy in a research report on Wednesday, July 19th. They issued a “neutral” rating and a $20.00 price objective on the stock. Zacks Investment Research cut SM Energy from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Williams Capital set a $32.00 price target on SM Energy and gave the company a “buy” rating in a report on Friday, August 4th. BMO Capital Markets set a $20.00 price target on SM Energy and gave the company a “hold” rating in a report on Saturday, August 5th. Finally, BidaskClub cut SM Energy from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. SM Energy currently has an average rating of “Hold” and an average target price of $27.79.
Shares of SM Energy Company (NYSE:SM) opened at $21.81 on Friday. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 1.16.
SM Energy (NYSE:SM) last released its quarterly earnings data on Thursday, November 2nd. The energy company reported ($0.25) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $0.07. The business had revenue of $295.40 million for the quarter, compared to analysts’ expectations of $300.80 million. SM Energy had a negative return on equity of 2.84% and a negative net margin of 25.17%. The firm’s quarterly revenue was down 16.2% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.37) EPS. research analysts anticipate that SM Energy Company will post -1.11 EPS for the current fiscal year.
The firm also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, November 1st. Investors of record on Friday, October 20th were given a $0.05 dividend. The ex-dividend date was Thursday, October 19th. This represents a yield of 0.54%. SM Energy’s dividend payout ratio (DPR) is presently -2.93%.
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.
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