Cerebellum GP LLC boosted its stake in shares of SM Energy Co (NYSE:SM) by 28,298.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,471 shares of the energy company’s stock after acquiring an additional 16,413 shares during the period. Cerebellum GP LLC’s holdings in SM Energy were worth $255,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Legal & General Group Plc grew its stake in SM Energy by 0.7% during the third quarter. Legal & General Group Plc now owns 166,540 shares of the energy company’s stock valued at $5,251,000 after acquiring an additional 1,195 shares in the last quarter. Vanguard Group Inc grew its stake in SM Energy by 4.1% during the third quarter. Vanguard Group Inc now owns 11,191,722 shares of the energy company’s stock valued at $352,875,000 after acquiring an additional 445,168 shares in the last quarter. Vanguard Group Inc. grew its stake in SM Energy by 4.1% during the third quarter. Vanguard Group Inc. now owns 11,191,722 shares of the energy company’s stock valued at $352,875,000 after acquiring an additional 445,168 shares in the last quarter. B. Riley Wealth Management Inc. purchased a new position in SM Energy during the third quarter valued at $237,000. Finally, TIAA CREF Investment Management LLC grew its stake in SM Energy by 3.4% during the third quarter. TIAA CREF Investment Management LLC now owns 326,101 shares of the energy company’s stock valued at $10,282,000 after acquiring an additional 10,591 shares in the last quarter.
Several equities analysts recently weighed in on SM shares. Howard Weil raised shares of SM Energy from a “sector perform” rating to a “sector outperform” rating in a research note on Thursday, September 27th. Scotiabank raised shares of SM Energy from a “sector perform” rating to an “outperform” rating in a research note on Thursday, September 27th. Scotia Howard Weill raised shares of SM Energy from a “sector perform” rating to a “sector outperform” rating in a research note on Thursday, September 27th. Zacks Investment Research raised shares of SM Energy from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Tuesday, October 9th. Finally, Williams Capital set a $44.00 target price on shares of SM Energy and gave the company a “buy” rating in a research note on Thursday, October 18th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $32.33.
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). The firm had revenue of $459.37 million during the quarter, compared to the consensus estimate of $429.63 million. SM Energy had a return on equity of 0.59% and a net margin of 8.56%. SM Energy’s revenue was up 55.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.25) EPS. Research analysts forecast that SM Energy Co will post 0.23 EPS for the current year.
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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: What is intrinsic value?
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