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Ruffer LLP invested heavily in SM Energy, boosting its stock despite recent earnings misses.
Investment firm Ruffer LLP bought $728,000 worth of SM Energy shares in the fourth quarter, joining other firms like Bank of New York Mellon and Dana Investment Advisors that also increased their holdings.
Despite missing earnings expectations, analysts predict SM Energy will post 8.1 EPS for the year, with a consensus rating of "Moderate Buy."
The stock opened at $27.56 on Friday.
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Ruffer LLP invirtió fuertemente en SM Energy, aumentando sus acciones a pesar de las recientes pérdidas de ganancias.