DekaBank Deutsche Girozentrale raised its holdings in shares of SM Energy Co (NYSE:SM) by 7,363.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 38,735 shares of the energy company’s stock after purchasing an additional 38,216 shares during the period. DekaBank Deutsche Girozentrale’s holdings in SM Energy were worth $1,184,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Qube Research & Technologies Ltd purchased a new position in SM Energy during the 2nd quarter valued at about $109,000. IFP Advisors Inc increased its holdings in SM Energy by 340.7% during the 3rd quarter. IFP Advisors Inc now owns 4,341 shares of the energy company’s stock valued at $137,000 after acquiring an additional 3,356 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in SM Energy by 50.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 7,685 shares of the energy company’s stock valued at $199,000 after acquiring an additional 2,570 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in SM Energy during the 2nd quarter valued at about $259,000. Finally, Oakbrook Investments LLC purchased a new stake in shares of SM Energy during the third quarter worth about $337,000.

SM opened at $19.43 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.62. SM Energy Co has a 1 year low of $16.11 and a 1 year high of $33.76. The company has a market capitalization of $2.31 billion, a P/E ratio of -23.70, a P/E/G ratio of 10.23 and a beta of 2.98.

SM Energy (NYSE:SM) last released its earnings results on Thursday, November 1st. The energy company reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.17). SM Energy had a return on equity of 0.59% and a net margin of 8.56%. The company had revenue of $459.37 million during the quarter, compared to analyst estimates of $429.63 million. During the same period in the prior year, the business posted ($0.25) earnings per share. SM Energy’s revenue was up 55.5% on a year-over-year basis. As a group, equities research analysts anticipate that SM Energy Co will post 0.2 EPS for the current year.

The business also recently announced a semiannual dividend, which was paid on Wednesday, November 7th. Investors of record on Friday, October 26th were given a $0.05 dividend. The ex-dividend date was Thursday, October 25th. This represents a dividend yield of 0.31%. SM Energy’s dividend payout ratio is presently -12.20%.

SM has been the subject of a number of recent research reports. Wells Fargo & Co upgraded shares of SM Energy from a “market perform” rating to an “outperform” rating and set a $43.00 price target for the company in a report on Tuesday, October 23rd. Williams Capital set a $44.00 price target on shares of SM Energy and gave the stock a “buy” rating in a report on Thursday, October 18th. Scotiabank upgraded shares of SM Energy from a “sector perform” rating to an “outperform” rating in a report on Thursday, September 27th. Citigroup lifted their price target on shares of SM Energy to $29.00 and gave the stock a “neutral” rating in a report on Friday, August 17th. Finally, Zacks Investment Research upgraded shares of SM Energy from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a report on Tuesday, October 9th. Six analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $33.67.

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SM Energy Profile

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.

Further Reading: Average Daily Trade Volume Explained

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

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