SM Energy Company (SM) Shares Sold by Macquarie Group Ltd.
Macquarie Group Ltd. cut its stake in shares of SM Energy Company (NYSE:SM) by 20.2% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 2,784,504 shares of the energy company’s stock after selling 704,039 shares during the period. Macquarie Group Ltd. owned about 2.49% of SM Energy worth $46,028,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of SM. Waldron LP grew its holdings in shares of SM Energy by 14.6% during the first quarter. Waldron LP now owns 40,737 shares of the energy company’s stock worth $978,000 after buying an additional 5,185 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of SM Energy by 35.3% during the first quarter. Russell Investments Group Ltd. now owns 8,606 shares of the energy company’s stock worth $207,000 after buying an additional 2,245 shares in the last quarter. Great West Life Assurance Co. Can grew its holdings in shares of SM Energy by 5.8% during the first quarter. Great West Life Assurance Co. Can now owns 57,301 shares of the energy company’s stock worth $1,376,000 after buying an additional 3,152 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of SM Energy by 3.6% during the first quarter. Bank of New York Mellon Corp now owns 1,119,701 shares of the energy company’s stock worth $26,894,000 after buying an additional 38,920 shares in the last quarter. Finally, Karp Capital Management Corp purchased a new stake in shares of SM Energy during the first quarter worth $526,000. Institutional investors own 97.05% of the company’s stock.
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SM Energy Company (SM) opened at 16.98 on Friday. The firm has a 50-day moving average of $15.45 and a 200-day moving average of $18.02. SM Energy Company has a 52-week low of $12.29 and a 52-week high of $43.09. The firm’s market cap is $1.90 billion.
SM Energy (NYSE:SM) last posted its quarterly earnings results on Thursday, August 3rd. The energy company reported ($0.32) EPS for the quarter, meeting the consensus estimate of ($0.32). The company had revenue of $284.94 million during the quarter, compared to analysts’ expectations 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 revenue was down 16.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.44) EPS. Equities analysts anticipate that SM Energy Company will post ($1.13) EPS for the current year.
The firm also recently declared a Semi-Annual dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Friday, October 20th will be issued a $0.05 dividend. This represents a yield of 0.54%. The ex-dividend date is Thursday, October 19th. SM Energy’s dividend payout ratio (DPR) is -3.19%.
A number of research firms have recently issued reports on SM. Zacks Investment Research lowered shares of SM Energy from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Mitsubishi UFJ Financial Group reaffirmed a “neutral” rating on shares of SM Energy in a report on Monday, October 2nd. Bank of America Corporation began coverage on shares of SM Energy in a report on Wednesday, July 19th. They set a “neutral” rating and a $20.00 target price for the company. Scotiabank set a $19.00 target price on shares of SM Energy and gave the stock a “hold” rating in a report on Saturday, July 1st. Finally, Williams Capital reaffirmed a “buy” rating and set a $30.00 target price on shares of SM Energy in a report on Friday, September 15th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $29.85.
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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