SM Energy Co (SM) Holdings Reduced by Nomura Holdings Inc.

Nomura Holdings Inc. reduced its stake in SM Energy Co (NYSE:SM) by 20.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 65,460 shares of the energy company’s stock after selling 16,577 shares during the period. Nomura Holdings Inc. owned 0.06% of SM Energy worth $1,015,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. American International Group Inc. grew its position in shares of SM Energy by 0.3% during the fourth quarter. American International Group Inc. now owns 210,436 shares of the energy company’s stock worth $3,258,000 after acquiring an additional 576 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in SM Energy by 1.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 40,843 shares of the energy company’s stock valued at $632,000 after buying an additional 738 shares during the last quarter. Arizona State Retirement System grew its position in SM Energy by 1.1% in the 4th quarter. Arizona State Retirement System now owns 74,050 shares of the energy company’s stock valued at $1,146,000 after buying an additional 796 shares during the last quarter. Comerica Bank grew its position in SM Energy by 1.2% in the 4th quarter. Comerica Bank now owns 70,889 shares of the energy company’s stock valued at $1,395,000 after buying an additional 828 shares during the last quarter. Finally, Legal & General Group Plc grew its position in SM Energy by 0.7% in the 3rd quarter. Legal & General Group Plc now owns 166,540 shares of the energy company’s stock valued at $5,251,000 after buying an additional 1,195 shares during the last quarter.

SM Energy stock opened at $15.70 on Friday. SM Energy Co has a one year low of $13.15 and a one year high of $33.76. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 523.33, a price-to-earnings-growth ratio of 5.07 and a beta of 3.11.

SM Energy (NYSE:SM) last released its earnings results on Wednesday, February 20th. The energy company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.07). SM Energy had a net margin of 24.60% and a return on equity of 0.15%. The business had revenue of $394.20 million during the quarter, compared to analyst estimates of $373.95 million. During the same period last year, the business posted ($0.08) EPS. SM Energy’s revenue was up 15.8% compared to the same quarter last year. On average, analysts predict that SM Energy Co will post 0.14 earnings per share for the current year.

A number of equities analysts recently weighed in on SM shares. Barclays set a $26.00 price objective on shares of SM Energy and gave the company a “buy” rating in a research report on Tuesday, February 5th. Zacks Investment Research lowered shares of SM Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, December 31st. Seaport Global Securities upgraded shares of SM Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $29.00 to $34.00 in a research report on Monday, December 10th. Tudor Pickering lowered shares of SM Energy from a “buy” rating to a “hold” rating in a research report on Friday, December 14th. Finally, Williams Capital reiterated a “buy” rating and issued a $36.00 price objective on shares of SM Energy in a research report on Wednesday, December 12th. Ten research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $30.21.

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About SM Energy

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids in onshore North America. It primarily has operations in the Midland Basin and the Eagle Ford shale in Texas. As of December 31, 2017, the company had 468.1 million barrels of oil equivalent of estimated proved reserves; and working interests in 919 net productive oil wells and 489 net productive gas wells.

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

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