As Sm Energy Co (SM) Share Price Rose, Carmignac Gestion Decreased Holding by $89.50 Million

October 13, 2018 - By Lawrence Diaz

SM Energy Company (NYSE:SM) LogoInvestors sentiment decreased to 1.13 in 2018 Q2. Its down 0.03, from 1.16 in 2018Q1. It dived, as 19 investors sold SM shares while 73 reduced holdings. 37 funds opened positions while 67 raised stakes. 118.23 million shares or 3.79% less from 122.88 million shares in 2018Q1 were reported. Carmignac Gestion holds 0.22% or 1.14M shares. Nuveen Asset Mngmt Limited Co reported 683,307 shares stake. Bridgeway Management reported 0.01% in SM Energy Company (NYSE:SM). 9.01 million are owned by Blackrock. Avalon Ltd reported 15,627 shares or 0.01% of all its holdings. Bancorp Of America De, a North Carolina-based fund reported 3.47M shares. Cubist Systematic Strategies Ltd Liability holds 13,330 shares. Stevens Cap Lp holds 12,061 shares. 18,205 are held by Stephens Ar. Bartlett Com Lc reported 6,760 shares. Suntrust Banks invested in 0.01% or 71,756 shares. Raymond James And Associate accumulated 0% or 12,129 shares. Assetmark reported 0% of its portfolio in SM Energy Company (NYSE:SM). Oslo Asset Mgmt As holds 12.51% of its portfolio in SM Energy Company (NYSE:SM) for 1.78 million shares. First Mercantile Co accumulated 20,255 shares or 0.1% of the stock.

Carmignac Gestion decreased its stake in Sm Energy Co (SM) by 75.79% based on its latest 2018Q2 regulatory filing with the SEC. Carmignac Gestion sold 3.58M shares as the company’s stock rose 26.18% with the market. The institutional investor held 1.14 million shares of the oil & gas production company at the end of 2018Q2, valued at $29.38 million, down from 4.72M at the end of the previous reported quarter. Carmignac Gestion who had been investing in Sm Energy Co for a number of months, seems to be less bullish one the $3.38B market cap company. The stock increased 4.62% or $1.33 during the last trading session, reaching $30.12. About 3.30M shares traded or 43.57% up from the average. SM Energy Company (NYSE:SM) has risen 113.27% since October 13, 2017 and is uptrending. It has outperformed by 97.65% the S&P500.

Carmignac Gestion, which manages about $13.41 billion US Long portfolio, upped its stake in Wayfair Inc (NYSE:W) by 136,597 shares to 2.80 million shares, valued at $332.35 million in 2018Q2, according to the filing. It also increased its holding in Pioneer Natural Resources Co (NYSE:PXD) by 2.90M shares in the quarter, for a total of 3.00M shares, and has risen its stake in Class A.

Analysts await SM Energy Company (NYSE:SM) to report earnings on November, 1. They expect $0.10 earnings per share, up 140.00 % or $0.35 from last year’s $-0.25 per share. SM’s profit will be $11.22 million for 75.30 P/E if the $0.10 EPS becomes a reality. After $0.15 actual earnings per share reported by SM Energy Company for the previous quarter, Wall Street now forecasts -33.33 % negative EPS growth.

SM Energy Company (NYSE:SM) Ratings Coverage

Among 8 analysts covering SM Energy (NYSE:SM), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. SM Energy had 13 analyst reports since April 19, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Monday, May 21 by Williams Capital Group. On Thursday, August 2 the stock rating was maintained by Stifel Nicolaus with “Buy”. As per Monday, June 4, the company rating was downgraded by Credit Suisse. The rating was maintained by JP Morgan on Monday, July 23 with “Overweight”. The firm has “Neutral” rating by FBR Capital given on Thursday, July 12. Stifel Nicolaus maintained it with “Buy” rating and $4500 target in Sunday, April 22 report. The company was maintained on Thursday, April 19 by Susquehanna. The rating was maintained by Williams Capital Group with “Buy” on Friday, May 4. The stock of SM Energy Company (NYSE:SM) earned “Buy” rating by Stifel Nicolaus on Friday, July 20. The stock of SM Energy Company (NYSE:SM) has “Buy” rating given on Friday, May 4 by Stifel Nicolaus.

SM Energy Company (NYSE:SM) Institutional Positions Chart

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