Hartree Partners LP Takes Position in SM Energy Company (SM)

Hartree Partners LP purchased a new position in shares of SM Energy Company (NYSE:SM) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,000 shares of the energy company’s stock, valued at approximately $480,000. SM Energy Company makes up 0.5% of Hartree Partners LP’s holdings, making the stock its 14th largest position.

Other hedge funds also recently modified their holdings of the company. Capital Research Global Investors raised its stake in SM Energy Company by 0.5% in the third quarter. Capital Research Global Investors now owns 7,245,940 shares of the energy company’s stock worth $279,548,000 after buying an additional 37,000 shares in the last quarter. State Street Corp boosted its stake in shares of SM Energy Company by 5.2% in the fourth quarter. State Street Corp now owns 3,814,969 shares of the energy company’s stock valued at $131,534,000 after buying an additional 189,353 shares during the period. Reservoir Operations L.P. acquired a new stake in shares of SM Energy Company during the first quarter valued at approximately $80,383,000. Van ECK Associates Corp boosted its stake in shares of SM Energy Company by 2.2% in the fourth quarter. Van ECK Associates Corp now owns 3,257,509 shares of the energy company’s stock valued at $112,319,000 after buying an additional 71,076 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of SM Energy Company by 4.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,147,569 shares of the energy company’s stock valued at $74,051,000 after buying an additional 91,109 shares during the period. 98.45% of the stock is owned by institutional investors and hedge funds.

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

SM Energy Company (NYSE:SM) traded down 2.56% during midday trading on Friday, reaching $15.60. 6,475,350 shares of the company were exchanged. The firm’s market capitalization is $1.74 billion. The company has a 50-day moving average of $19.57 and a 200 day moving average of $26.41. SM Energy Company has a 52 week low of $15.29 and a 52 week high of $43.09.

SM Energy Company (NYSE:SM) last released its earnings results on Tuesday, May 2nd. The energy company reported $0.18 earnings per share for the quarter, topping the consensus estimate of ($0.36) by $0.54. SM Energy Company had a negative return on equity of 3.28% and a negative net margin of 23.23%. The business had revenue of $372.74 million during the quarter, compared to the consensus estimate of $309.43 million. Equities analysts predict that SM Energy Company will post ($0.81) earnings per share for the current year.

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Several research analysts have recently weighed in on SM shares. Royal Bank Of Canada set a $41.00 price objective on shares of SM Energy Company and gave the stock a “hold” rating in a research note on Friday, February 24th. Deutsche Bank AG decreased their price target on shares of SM Energy Company from $39.00 to $36.00 and set a “hold” rating on the stock in a research note on Tuesday, March 7th. Scotiabank reiterated a “buy” rating and issued a $33.00 price target on shares of SM Energy Company in a research note on Monday, March 27th. Williams Capital reaffirmed a “buy” rating and set a $45.00 price target on shares of SM Energy Company in a research note on Monday, April 17th. Finally, Barclays PLC reiterated an “overweight” rating and set a $30.00 price objective (down from $38.00) on shares of SM Energy Company in a research report on Saturday, April 22nd. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. SM Energy Company presently has a consensus rating of “Buy” and an average price target of $39.42.

In other SM Energy Company news, EVP Herbert S. Vogel purchased 3,000 shares of the company’s stock in a transaction dated Thursday, June 8th. The shares were acquired at an average price of $16.60 per share, for a total transaction of $49,800.00. Following the completion of the purchase, the executive vice president now owns 32,637 shares of the company’s stock, valued at $541,774.20. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Javan D. Ottoson bought 2,000 shares of the company’s stock in a transaction that occurred on Thursday, June 8th. The stock was purchased at an average price of $16.44 per share, for a total transaction of $32,880.00. Following the transaction, the chief executive officer now owns 143,302 shares of the company’s stock, valued at $2,355,884.88. The disclosure for this purchase can be found here. Insiders own 0.89% of the company’s stock.

SM Energy Company 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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