SM Energy Co (SM) Shares Sold by Keeley Teton Advisors LLC

Keeley Teton Advisors LLC reduced its stake in shares of SM Energy Co (NYSE:SM) by 2.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 285,122 shares of the energy company’s stock after selling 6,275 shares during the quarter. Keeley Teton Advisors LLC owned about 0.26% of SM Energy worth $5,058,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Napier Park Global Capital US LP purchased a new stake in SM Energy during the 3rd quarter valued at approximately $710,000. Mackenzie Financial Corp grew its holdings in SM Energy by 878.9% during the 3rd quarter. Mackenzie Financial Corp now owns 695,000 shares of the energy company’s stock valued at $12,329,000 after buying an additional 624,000 shares in the last quarter. Elk Creek Partners LLC grew its holdings in SM Energy by 6.1% during the 3rd quarter. Elk Creek Partners LLC now owns 592,812 shares of the energy company’s stock valued at $10,516,000 after buying an additional 33,975 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of SM Energy by 12.7% in the third quarter. Dimensional Fund Advisors LP now owns 4,747,344 shares of the energy company’s stock valued at $84,220,000 after purchasing an additional 536,076 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of SM Energy by 37.4% in the third quarter. Schwab Charles Investment Management Inc. now owns 408,224 shares of the energy company’s stock valued at $7,242,000 after purchasing an additional 111,132 shares in the last quarter. 97.36% of the stock is owned by institutional investors and hedge funds.

SM has been the subject of a number of recent research reports. KeyCorp reissued a “buy” rating and issued a $26.00 target price on shares of SM Energy in a report on Friday, October 20th. Williams Capital raised their target price on shares of SM Energy from $30.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, October 18th. Zacks Investment Research raised shares of SM Energy from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a report on Thursday, November 9th. Scotiabank reissued a “hold” rating and issued a $20.00 target price on shares of SM Energy in a report on Wednesday, November 22nd. Finally, Royal Bank Of Canada set a $20.00 target price on shares of SM Energy and gave the company a “hold” rating in a report on Thursday, August 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $26.00.

Shares of SM Energy Co (SM) traded up $0.31 on Friday, reaching $21.81. The company had a trading volume of 4,295,000 shares, compared to its average volume of 3,785,128. SM Energy Co has a 12 month low of $12.29 and a 12 month high of $39.28. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 1.20.

SM Energy (NYSE:SM) last issued its quarterly earnings results on Thursday, November 2nd. The energy company reported ($0.25) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.07. The company had revenue of $295.40 million during the quarter, compared to the consensus estimate of $300.80 million. SM Energy had a negative return on equity of 2.88% and a negative net margin of 25.17%. SM Energy’s revenue was down 16.2% on a year-over-year basis. During the same period last year, the company earned ($0.37) earnings per share. sell-side analysts anticipate that SM Energy Co will post -1.05 earnings per share for the current fiscal year.

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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.

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

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