SM Energy Company (SM) Shares Bought by Van ECK Associates Corp
Van ECK Associates Corp increased its stake in SM Energy Company (NYSE:SM) by 20.9% during the second quarter, according to its most recent filing with the SEC. The fund owned 14,298 shares of the energy company’s stock after buying an additional 2,467 shares during the quarter. Van ECK Associates Corp’s holdings in SM Energy were worth $236,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of SM. Pacer Advisors Inc. raised its stake 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 during the period. Tocqueville Asset Management L.P. bought a new stake in SM Energy in the 2nd quarter valued at about $165,000. Credit Agricole S A raised its stake 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 during the period. B & T Capital Management DBA Alpha Capital Management raised its stake 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 during the period. Finally, ING Groep NV bought a new stake in SM Energy in the 2nd quarter valued at about $197,000. 97.05% of the stock is currently owned by institutional investors.
Shares of SM Energy Company (SM) opened at 17.74 on Friday. SM Energy Company has a 52 week low of $12.29 and a 52 week high of $43.09. The firm has a 50-day moving average price of $14.37 and a 200 day moving average price of $18.41. The stock’s market cap is $1.98 billion.
SM Energy (NYSE:SM) last issued its earnings results on Thursday, August 3rd. The energy company reported ($0.32) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.32). The company had revenue of $284.94 million for the quarter, compared to the consensus estimate of $299.12 million. SM Energy had a negative return on equity of 3.11% and a negative net margin of 20.67%. The firm’s quarterly revenue was down 16.6% on a year-over-year basis. During the same quarter last year, the company earned ($0.44) EPS. On average, analysts forecast that SM Energy Company will post ($1.14) EPS for the current fiscal year.
The firm also recently announced a Semi-Annual dividend, which will be paid on Wednesday, November 1st. Investors of record on Friday, October 20th will be paid a dividend of $0.05 per share. This represents a yield of 0.54%. The ex-dividend date is Thursday, October 19th. SM Energy’s dividend payout ratio (DPR) is presently -3.19%.
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A number of equities research analysts recently issued reports on the company. Scotiabank set a $19.00 price objective on SM Energy and gave the company a “hold” rating in a research note on Saturday, July 1st. Barclays PLC decreased their price target on SM Energy from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 8th. BidaskClub cut SM Energy from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Williams Capital set a $32.00 price target on SM Energy and gave the company a “buy” rating in a research report on Friday, August 4th. Finally, BMO Capital Markets set a $20.00 price target on SM Energy and gave the company a “hold” rating in a research report on Saturday, August 5th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $31.73.
SM Energy 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.
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