Virtus Investment Advisers Exits Position in SM Energy Co (SM)

SM Energy Co (SM) : Virtus Investment Advisers has sold out all of its stake in SM Energy Co during the most recent quarter, according to the disclosure filed by the company on Nov 14, 2016 with the SEC. The investment management company has sold out 900 shares of SM Energy Co which is valued at $28,620.

Other Hedge Funds, Including , Analytic Investors sold out all of its stake in SM during the most recent quarter. The investment firm sold 13,430 shares of SM which is valued $427,074. Airain Ltd added SM to its portfolio by purchasing 80,255 company shares during the most recent quarter which is valued at $2,508,771. SM Energy Co makes up approx 0.16% of Airain Ltd’s portfolio.Ubs Asset Management Americas Inc reduced its stake in SM by selling 231,465 shares or 20.03% in the most recent quarter. The Hedge Fund company now holds 924,410 shares of SM which is valued at $28,379,387. SM Energy Co makes up approx 0.03% of Ubs Asset Management Americas Inc’s portfolio.State Of Wisconsin Investment Board boosted its stake in SM in the latest quarter, The investment management firm added 11,100 additional shares and now holds a total of 54,929 shares of SM Energy Co which is valued at $1,909,881. SM Energy Co makes up approx 0.01% of State Of Wisconsin Investment Board’s portfolio.Quantbot Technologies Lp reduced its stake in SM by selling 8,094 shares or 23.98% in the most recent quarter. The Hedge Fund company now holds 25,665 shares of SM which is valued at $892,372. SM Energy Co makes up approx 0.10% of Quantbot Technologies Lp’s portfolio.

SM Energy Co opened for trading at $34.2 and hit $35.88 on the upside on Monday, eventually ending the session at $34.99, with a gain of 3.09% or 1.05 points. The heightened volatility saw the trading volume jump to 17,51,495 shares. Company has a market cap of $3,040 M.

On the company’s financial health, SM Energy Co reported $-0.37 EPS for the quarter, beating the analyst consensus estimate by $ 0.23 according to the earnings call on Nov 1, 2016. Analyst had a consensus of $-0.60. The company had revenue of $352.66 million for the quarter, compared to analysts expectations of $380.75 million. The company’s revenue was down -5.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.34 EPS.

Many Wall Street Analysts have commented on SM Energy Co. Company shares were Reiterated by RBC Capital Mkts on Oct 19, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 42 from a previous price target of $39 .SM Energy Co was Upgraded by CapitalOne to ” Overweight” on Oct 18, 2016. Company shares were Upgraded by Scotia Howard Weil on Oct 4, 2016 to ” Sector Outperform”, Firm has raised the Price Target to $ 48 from a previous price target of $35 .

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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