Warning: mysqli_query(): (HY000/1030): Got error 28 from storage engine in /home/mmahotstuff3/public_html/wp-includes/wp-db.php on line 1924
As Sm Energy Co (SM) Valuation Rose, Carmignac Gestion Has Lowered Stake by $89.50 Million - Money Making Articles Hot Stuff

As Sm Energy Co (SM) Valuation Rose, Carmignac Gestion Has Lowered Stake by $89.50 Million

October 13, 2018 - By Adrian Mccoy

SM Energy Company (NYSE:SM) LogoInvestors sentiment decreased to 1.13 in Q2 2018. 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. Walleye Trading Lc invested in 58,224 shares. 90,573 were reported by 1492 Llc. 215,700 are held by Point72 Asset Mgmt Limited Partnership. Nuveen Asset holds 683,307 shares. South Dakota Investment Council reported 37,300 shares or 0.02% of all its holdings. Ellington Mngmt Gp Ltd Liability Com holds 0.04% in SM Energy Company (NYSE:SM) or 19,550 shares. Ing Groep Nv stated it has 0.01% in SM Energy Company (NYSE:SM). Citigroup has invested 0% in SM Energy Company (NYSE:SM). Jpmorgan Chase And Company accumulated 1.06M shares or 0.01% of the stock. Guggenheim Cap Ltd stated it has 13,021 shares. Cypress Cap Mgmt Ltd (Wy) has invested 1.08% in SM Energy Company (NYSE:SM). New Mexico Educational Retirement Board stated it has 24,100 shares. Tci Wealth Advsr invested in 0.48% or 41,769 shares. Northwestern Mutual Wealth Management reported 2,811 shares. State Of Alaska Department Of Revenue owns 12,180 shares.

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 3.30 million 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 Concho Resources Inc (NYSE:CXO) by 2.29 million shares to 2.34M shares, valued at $323.86 million in 2018Q2, according to the filing. It also increased its holding in Qiagen N.V. by 674,940 shares in the quarter, for a total of 2.39 million shares, and has risen its stake in Gardner Denver Holdings Inc.

Analysts await SM Energy Company (NYSE:SM) to report earnings on November, 1. They expect $0.10 EPS, up 140.00 % or $0.35 from last year’s $-0.25 per share. SM’s profit will be $11.22M for 75.30 P/E if the $0.10 EPS becomes a reality. After $0.15 actual EPS 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. As per Friday, July 20, the company rating was maintained by Stifel Nicolaus. JP Morgan maintained SM Energy Company (NYSE:SM) on Monday, July 23 with “Overweight” rating. As per Monday, June 25, the company rating was maintained by Williams Capital Group. The company was maintained on Friday, May 4 by Stifel Nicolaus. The stock of SM Energy Company (NYSE:SM) earned “Buy” rating by Susquehanna on Thursday, April 19. On Thursday, August 2 the stock rating was maintained by Stifel Nicolaus with “Buy”. Williams Capital Group maintained the stock with “Buy” rating in Monday, May 21 report. Stifel Nicolaus maintained the shares of SM in report on Sunday, April 22 with “Buy” rating. As per Friday, May 4, the company rating was maintained by Williams Capital Group. The rating was downgraded by FBR Capital on Thursday, July 12 to “Neutral”.

SM Energy Company (NYSE:SM) Institutional Positions Chart

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:



Warning: mysqli_query(): (HY000/1030): Got error 28 from storage engine in /home/mmahotstuff3/public_html/wp-includes/wp-db.php on line 1924
>