Carmignac Gestion Trimmed Sm Energy Co (SM) Holding by $89.50 Million as Shares Rose

October 13, 2018 - By Ruchi Gupta

SM Energy Company (NYSE:SM) LogoInvestors sentiment decreased to 1.13 in 2018 Q2. Its down 0.03, from 1.16 in 2018Q1. It worsened, 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. Voya Ltd Liability Corp reported 23,373 shares. Thrivent Fincl For Lutherans holds 0.02% or 249,099 shares in its portfolio. Cypress Mgmt Limited Liability Corporation (Wy) has 40,085 shares for 1.08% of their portfolio. Sei invested in 1,154 shares. Bnp Paribas Arbitrage Sa holds 0% of its portfolio in SM Energy Company (NYSE:SM) for 42,737 shares. 4.95 million are owned by Key Grp Inc Holdings (Cayman). Suntrust Banks has 71,756 shares for 0.01% of their portfolio. Louisiana State Employees Retirement Systems invested in 27,800 shares. Advisory Net Ltd Liability holds 0% or 1,093 shares. Great West Life Assurance Can owns 56,797 shares. Ameritas Investment Prtnrs Inc reported 30,671 shares. Macquarie Group Limited invested in 3.31M shares. Crawford Counsel Inc owns 0.13% invested in SM Energy Company (NYSE:SM) for 159,683 shares. Point72 Asset Mngmt Lp has 0.02% invested in SM Energy Company (NYSE:SM). Cubist Systematic Strategies Limited stated it has 13,330 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 $29.38M, down from 4.72 million 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 $3.38 billion 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 Taiwan Semiconductor (NYSE:TSM) by 313,375 shares to 2.72 million shares, valued at $99.34 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 3.00 million shares, and has risen its stake in Concho Resources Inc (NYSE:CXO).

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. Stifel Nicolaus maintained it with “Buy” rating and $42 target in Friday, May 4 report. Credit Suisse downgraded the stock to “Neutral” rating in Monday, June 4 report. As per Thursday, July 12, the company rating was downgraded by FBR Capital. The rating was maintained by Stifel Nicolaus on Thursday, August 2 with “Buy”. Tudor Pickering upgraded SM Energy Company (NYSE:SM) on Thursday, May 10 to “Buy” rating. JP Morgan maintained the shares of SM in report on Monday, July 23 with “Overweight” rating. Williams Capital Group maintained it with “Buy” rating and $4400 target in Monday, June 25 report. The company was maintained on Monday, May 21 by Williams Capital Group. The firm has “Buy” rating by Stifel Nicolaus given on Sunday, April 22. As per Thursday, April 19, the company rating was maintained by Susquehanna.

SM Energy Company (NYSE:SM) Institutional Positions Chart

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