5 Reddit Stocks that Tripled in 2021

Page 5 of 5

1. SM Energy Company (NYSE:SM)

Number of Hedge Fund Holders: 24

Year-To-Date Gain: 368%  

SM Energy Company (NYSE:SM) is a Colorado-based independent energy company. The company has benefited from the rise in oil and gas prices over the past few weeks due to increased demand and production uncertainties. 

RBC Capital analyst Scott Hanold recently raised the price target on SM Energy Company (NYSE:SM) stock to $44 from $36 and kept a Sector Perform rating on the shares, noting that the leverage reduction efforts of the firm were accelerating. 

At the end of the third quarter of 2021, 24 hedge funds in the database of Insider Monkey held stakes worth $321 million in SM Energy Company (NYSE:SM), down from 25 in the preceding quarter worth $260 million. 

You can also take a peek at 15 Best Value Stocks to Invest In and 15 Best Consumer Discretionary Stocks to Buy Now.

Page 5 of 5