Franklin Resources Inc. increased its position in SM Energy Company (NYSE:SM) by 18.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 565,430 shares of the energy company’s stock after acquiring an additional 87,580 shares during the period. Franklin Resources Inc. owned approximately 0.51% of SM Energy worth $9,347,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Alliancebernstein L.P. grew its holdings in shares of SM Energy by 33.1% in the 1st quarter. Alliancebernstein L.P. now owns 3,993,599 shares of the energy company’s stock worth $95,926,000 after acquiring an additional 994,186 shares during the period. BNP Paribas Arbitrage SA grew its holdings in shares of SM Energy by 87.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 85,207 shares of the energy company’s stock worth $1,408,000 after acquiring an additional 39,683 shares during the period. Systematic Financial Management LP grew its holdings in shares of SM Energy by 14.4% in the 1st quarter. Systematic Financial Management LP now owns 1,306,178 shares of the energy company’s stock worth $31,374,000 after acquiring an additional 164,226 shares during the period. Investec Asset Management LTD grew its holdings in shares of SM Energy by 52.9% in the 1st quarter. Investec Asset Management LTD now owns 360,461 shares of the energy company’s stock worth $8,658,000 after acquiring an additional 124,741 shares during the period. Finally, Amalgamated Bank grew its holdings in shares of SM Energy by 3.9% in the 1st quarter. Amalgamated Bank now owns 14,521 shares of the energy company’s stock worth $349,000 after acquiring an additional 549 shares during the period. Institutional investors and hedge funds own 97.05% of the company’s stock.

A number of research firms recently issued reports on SM. Williams Capital set a $32.00 target price on SM Energy and gave the company a “buy” rating in a research note on Friday, August 4th. Royal Bank Of Canada set a $20.00 target price on SM Energy and gave the company a “hold” rating in a research note on Thursday, August 24th. Scotiabank set a $19.00 target price on SM Energy and gave the company a “hold” rating in a research note on Saturday, July 1st. BMO Capital Markets set a $20.00 target price on SM Energy and gave the company a “hold” rating in a research note on Saturday, August 5th. Finally, Bank of America Corporation began coverage on SM Energy in a research note on Wednesday, July 19th. They issued a “neutral” rating and a $20.00 target price on the stock. 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. The stock has a consensus rating of “Hold” and a consensus target price of $31.73.

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SM Energy Company (SM) opened at 16.61 on Monday. The firm’s 50 day moving average price is $14.37 and its 200-day moving average price is $18.41. SM Energy Company has a 52 week low of $12.29 and a 52 week high of $43.09. The stock’s market cap is $1.85 billion.

SM Energy (NYSE:SM) last posted its quarterly earnings data on Thursday, August 3rd. The energy company reported ($0.32) earnings per share for the quarter, hitting the 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 firm had revenue of $284.94 million for the quarter, compared to analysts’ expectations of $299.12 million. During the same period in the previous year, the company posted ($0.44) EPS. The company’s quarterly revenue was down 16.6% compared to the same quarter last year. Analysts expect that SM Energy Company will post ($1.14) EPS for the current year.

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.

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

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