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Institutional investors adjust stakes in SM Energy after strong earnings and revenue growth.
The Illinois Municipal Retirement Fund decreased its holdings in SM Energy by 3.8%, selling 3,963 shares, while Diversified Trust Co increased its holdings by 31.8%, adding 6,928 shares.
SM Energy reported strong earnings of $1.76 per share, exceeding estimates, and announced a quarterly dividend.
The company's revenue rose 50.8% year-over-year to $844.54 million, beating forecasts.
Institutional investors hold 94.56% of the stock, with Charles Schwab increasing its stake to 1,255,841 shares.
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Los inversores institucionales han ajustado sus participaciones en SM Energy tras el fuerte crecimiento de las ganancias y de los ingresos.