SM Energy Co (SM) Holdings Trimmed by KBC Group NV

KBC Group NV reduced its holdings in shares of SM Energy Co (NYSE:SM) by 54.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 98,841 shares of the energy company’s stock after selling 118,012 shares during the period. KBC Group NV’s holdings in SM Energy were worth $1,530,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nisa Investment Advisors LLC acquired a new stake in shares of SM Energy in the 4th quarter valued at about $79,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of SM Energy by 19.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,796 shares of the energy company’s stock valued at $121,000 after buying an additional 1,248 shares during the period. IFP Advisors Inc lifted its position in SM Energy by 340.7% in 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. Alambic Investment Management L.P. bought a new position in SM Energy in the 3rd quarter valued at about $221,000. Finally, Strs Ohio lifted its position in SM Energy by 43.5% in the 4th quarter. Strs Ohio now owns 14,356 shares of the energy company’s stock valued at $222,000 after acquiring an additional 4,349 shares in the last quarter.

SM Energy stock opened at $16.76 on Monday. SM Energy Co has a 52 week low of $13.15 and a 52 week high of $33.76. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The company has a market cap of $1.88 billion, a price-to-earnings ratio of -20.44, a PEG ratio of 4.38 and a beta of 3.07.



Several brokerages recently weighed in on SM. JPMorgan Chase & Co. set a $25.00 price target on shares of SM Energy and gave the company a “buy” rating in a research report on Friday, December 7th. MKM Partners began coverage on shares of SM Energy in a research report on Wednesday, December 5th. They issued a “buy” rating and a $31.00 price target on the stock. Williams Capital set a $44.00 price target on shares of SM Energy and gave the company a “buy” rating in a research report on Friday, November 2nd. Capital One Financial cut shares of SM Energy from an “overweight” rating to an “equal weight” rating in a research report on Thursday, December 20th. Finally, Tudor Pickering cut shares of SM Energy from a “buy” rating to a “hold” rating in a research report on Friday, December 14th. Nine equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $31.93.

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SM Energy Company 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.

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

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