By Ron Allan From The Sussex Pilot

SM Energy Co (SM) : Key Group Holdings (cayman) Ltd. scooped up 2,272,507 additional shares in SM Energy Co during the Q4 period, according to a recent disclosure to the SEC. The investment management firm now holds a total of 4,007,719 shares of SM Energy Co which is valued at $73.5 Million. SM Energy Co makes up approximately 7.05% of Key Group Holdings (cayman) Ltd.’s portfolio.

Other Hedge Funds, Including , Marathon Trading Investment Management boosted its stake in SM during the Q4 period, The investment management firm added 38,800 additional shares and now holds a total of 88,719 shares of SM Energy Co which is valued at $1.6 Million. SM Energy Co makes up approx 1.24% of Marathon Trading Investment Management’s portfolio. Voya Investment Management boosted its stake in SM during the Q4 period, The investment management firm added 75,027 additional shares and now holds a total of 97,834 shares of SM Energy Co which is valued at $1.8 Million. Geode Capital Management boosted its stake in SM during the Q4 period, The investment management firm added 3,563 additional shares and now holds a total of 399,748 shares of SM Energy Co which is valued at $7.3 Million. Glenmede Trust Co Na boosted its stake in SM during the Q4 period, The investment management firm added 1,373 additional shares and now holds a total of 12,353 shares of SM Energy Co which is valued at $226,678.

On the company’s financial health, SM Energy Co reported $-0.34 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on Oct 27, 2015. Analyst had a consensus of $-0.28. The company had revenue of $371.15 million for the quarter, compared to analysts expectations of $440.53 million. The company’s revenue was down -40.0 % compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.44 EPS.

Many Wall Street Analysts have commented on SM Energy Co. Company shares were Reiterated by Deutsche Bank on Mar 11, 2016 to “Hold”, Firm has raised the Price Target to $ 18 from a previous price target of $12. Shares were Reiterated by RBC Capital Mkts on Feb 25, 2016 to “Sector Perform” and Lowered the Price Target to $ 15 from a previous price target of $24. Shares were Reiterated by Topeka Capital Markets on Feb 24, 2016 to “Buy” and Lowered the Price Target to $ 15 from a previous price target of $25 .

SM Energy Co closed down -0.15 points or -0.83% at $17.86 with 49,11,581 shares getting traded on Wednesday. Post opening the session at $18.56, the shares hit an intraday low of $17.3501 and an intraday high of $19 and the price fluctuated in this range throughout the day. Shares ended Wednesday session in Red.

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.

For more on this story go to: http://sussexpilot.com/market-report/key-group-holdings-cayman-ltd-buys-73-5-million-stake-in-sm-energy-co-sm/20457

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