BlueCrest Capital Management Ltd Has $394,000 Stake in SM Energy Company (SM)

BlueCrest Capital Management Ltd decreased its stake in SM Energy Company (NYSE:SM) by 32.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,861 shares of the energy company’s stock after selling 11,339 shares during the period. BlueCrest Capital Management Ltd’s holdings in SM Energy were worth $394,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in SM. State Street Corp lifted its stake in SM Energy by 17.7% in the 2nd quarter. State Street Corp now owns 5,195,340 shares of the energy company’s stock valued at $85,878,000 after purchasing an additional 780,106 shares during the last quarter. Sound Point Capital Management LP acquired a new stake in SM Energy in the 2nd quarter valued at about $4,163,000. Cornerstone Capital Management Holdings LLC. lifted its stake in SM Energy by 63.9% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 18,100 shares of the energy company’s stock valued at $299,000 after purchasing an additional 7,057 shares during the last quarter. Castleton Investment Management LLC lifted its stake in SM Energy by 260.0% in the 2nd quarter. Castleton Investment Management LLC now owns 90,000 shares of the energy company’s stock valued at $1,487,000 after purchasing an additional 65,000 shares during the last quarter. Finally, ELCO Management Co. LLC lifted its stake in SM Energy by 55.6% in the 2nd quarter. ELCO Management Co. LLC now owns 28,000 shares of the energy company’s stock valued at $463,000 after purchasing an additional 10,000 shares during the last quarter. Institutional investors own 96.62% of the company’s stock.

SM has been the subject of several recent analyst reports. Williams Capital set a $32.00 target price on shares of 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 shares of 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 shares of 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 shares of SM Energy and gave the company a “hold” rating in a research note on Saturday, August 5th. Finally, Mitsubishi UFJ Financial Group reiterated a “neutral” rating on shares of SM Energy in a research note on Monday, October 2nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $30.15.

Shares of SM Energy Company (NYSE SM) opened at 19.12 on Wednesday. The firm’s market capitalization is $2.13 billion. SM Energy Company has a 12 month low of $12.29 and a 12 month high of $43.09. The firm’s 50-day moving average is $16.20 and its 200 day moving average is $17.85.

SM Energy (NYSE:SM) last released its earnings results on Thursday, August 3rd. The energy company reported ($0.32) earnings per share for the quarter, meeting the Zacks’ 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 during the quarter, compared to the consensus estimate of $299.12 million. During the same period in the prior year, the firm earned ($0.44) EPS. The company’s revenue was down 16.6% compared to the same quarter last year. On average, equities research analysts anticipate that SM Energy Company will post ($1.09) EPS for the current year.

The business also recently announced a Semi-Annual dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Friday, October 20th will be given a dividend of $0.05 per share. This represents a dividend yield of 0.54%. The ex-dividend date is Thursday, October 19th. SM Energy’s dividend payout ratio is currently -3.19%.

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About SM Energy

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

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