Schneider Capital Management Corp buys $63.7 Million stake in SM Energy Co (SM)

SM Energy Co (SM) : Schneider Capital Management Corp scooped up 1,225,849 additional shares in SM Energy Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 2,293,467 shares of SM Energy Co which is valued at $63.7 Million.SM Energy Co makes up approximately 11.67% of Schneider Capital Management Corp’s portfolio.

Other Hedge Funds, Including , Teachers Retirement System Of The State Of Kentucky boosted its stake in SM in the latest quarter, The investment management firm added 205,400 additional shares and now holds a total of 295,900 shares of SM Energy Co which is valued at $8.2 Million. SM Energy Co makes up approx 0.11% of Teachers Retirement System Of The State Of Kentucky’s portfolio. Rafferty Asset Management sold out all of its stake in SM during the most recent quarter. The investment firm sold 10,889 shares of SM which is valued $302,279.Blackrock Institutional Trust Company N.a. reduced its stake in SM by selling 123,480 shares or 5.88% in the most recent quarter. The Hedge Fund company now holds 1,974,779 shares of SM which is valued at $54.8 Million. SM Energy Co makes up approx 0.01% of Blackrock Institutional Trust Company N.a.’s portfolio. Ftb Advisors sold out all of its stake in SM during the most recent quarter. The investment firm sold 462 shares of SM which is valued $12,825.

SM Energy Co opened for trading at $29.89 and hit $31.99 on the upside on Wednesday, eventually ending the session at $31.89, with a gain of 8.62% or 2.53 points. The heightened volatility saw the trading volume jump to 35,41,065 shares. Company has a market cap of $2,171 M.

On the company’s financial health, SM Energy Co reported $-0.83 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 3, 2016. Analyst had a consensus of $-0.84. The company had revenue of $143.10 million for the quarter, compared to analysts expectations of $363.11 million. The company’s revenue was down -60.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.21 EPS.

Many Wall Street Analysts have commented on SM Energy Co. Company shares were Reiterated by Barclays on May 6, 2016 to “Overweight”, Firm has raised the Price Target to $ 32 from a previous price target of $23 .Company shares were Reiterated by Topeka Capital Markets on May 4, 2016 to “Buy”, Firm has raised the Price Target to $ 35 from a previous price target of $32 .SM Energy Co was Downgraded by Guggenheim to ” Neutral” on Apr 21, 2016.

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. Its operations are carried in four onshore operating areas in the United States: South Texas & Gulf Coast Region which is managed from its office in Houston Texas and has both operated and non-operated Eagle Ford shale programs; Rocky Mountain Region which the Company operates from its office in Billings Montana and focuses on the development and growth through acquisition of assets targeting the Bakken/Three Forks formations; Permian Region which is managed from the Company’s office in Midland Texas and covers western Texas and southeastern New Mexico and Mid-Continent Region which is managed from the Company’s office in Tulsa Oklahoma and the Mid-Continent Region consists of its Haynesville and Woodford Shale assets.

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