Capital Fund Management S.A. grew its position in shares of SM Energy Co (NYSE:SM) by 159.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 861,468 shares of the energy company’s stock after purchasing an additional 528,896 shares during the period. Capital Fund Management S.A. owned about 0.77% of SM Energy worth $19,021,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the business. The Manufacturers Life Insurance Company lifted its stake in SM Energy by 13.2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 170,176 shares of the energy company’s stock worth $3,757,000 after purchasing an additional 19,836 shares during the last quarter. Wells Fargo & Company MN lifted its stake in SM Energy by 3.2% during the fourth quarter. Wells Fargo & Company MN now owns 434,101 shares of the energy company’s stock worth $9,585,000 after purchasing an additional 13,350 shares during the last quarter. First Trust Advisors LP lifted its stake in SM Energy by 7.9% during the fourth quarter. First Trust Advisors LP now owns 758,960 shares of the energy company’s stock worth $16,758,000 after purchasing an additional 55,338 shares during the last quarter. New Mexico Educational Retirement Board bought a new stake in SM Energy during the fourth quarter worth about $559,000. Finally, Swiss National Bank lifted its stake in SM Energy by 2.6% during the fourth quarter. Swiss National Bank now owns 171,150 shares of the energy company’s stock worth $3,779,000 after purchasing an additional 4,400 shares during the last quarter. 97.36% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have issued reports on the company. ValuEngine lowered SM Energy from a “sell” rating to a “strong sell” rating in a research note on Tuesday. B. Riley assumed coverage on SM Energy in a research note on Monday, February 5th. They set a “buy” rating and a $36.00 price target for the company. Deutsche Bank began coverage on SM Energy in a research note on Thursday, February 1st. They set a “buy” rating and a $32.00 price target for the company. Stifel Nicolaus set a $44.00 target price on SM Energy and gave the company a “buy” rating in a research note on Monday, January 29th. Finally, KeyCorp set a $32.00 target price on SM Energy and gave the company a “buy” rating in a research note on Sunday, January 21st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $27.81.
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SM Energy Company 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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