First Horizon Advisors Inc. Sells 392 Shares of SM Energy (NYSE:SM)

First Horizon Advisors Inc. reduced its holdings in SM Energy (NYSE:SM) by 23.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,254 shares of the energy company’s stock after selling 392 shares during the quarter. First Horizon Advisors Inc.’s holdings in SM Energy were worth $49,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Barclays PLC raised its stake in SM Energy by 47.3% during the third quarter. Barclays PLC now owns 250,218 shares of the energy company’s stock valued at $10,002,000 after buying an additional 80,343 shares during the last quarter. National Bank of Canada FI purchased a new position in SM Energy during the third quarter valued at $259,000. Los Angeles Capital Management LLC raised its stake in SM Energy by 79.2% during the third quarter. Los Angeles Capital Management LLC now owns 65,421 shares of the energy company’s stock valued at $2,615,000 after buying an additional 28,920 shares during the last quarter. World Investment Advisors LLC purchased a new position in SM Energy during the third quarter valued at $3,048,000. Finally, Janney Montgomery Scott LLC raised its stake in SM Energy by 144.6% during the third quarter. Janney Montgomery Scott LLC now owns 22,357 shares of the energy company’s stock valued at $894,000 after buying an additional 13,215 shares during the last quarter. 94.56% of the stock is currently owned by institutional investors.

SM Energy Price Performance

SM stock opened at $32.54 on Friday. SM Energy has a one year low of $32.17 and a one year high of $53.26. The company’s fifty day moving average price is $39.23 and its 200-day moving average price is $41.55. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.52 and a current ratio of 0.55. The company has a market capitalization of $3.72 billion, a PE ratio of 4.87 and a beta of 4.11.

SM Energy (NYSE:SM) last released its earnings results on Wednesday, February 19th. The energy company reported $1.91 EPS for the quarter, missing the consensus estimate of $2.00 by ($0.09). SM Energy had a return on equity of 19.82% and a net margin of 28.63%. The company had revenue of $852.22 million during the quarter, compared to analysts’ expectations of $849.44 million. On average, equities analysts anticipate that SM Energy will post 8.1 EPS for the current fiscal year.

SM Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 24th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date was Friday, January 24th. SM Energy’s payout ratio is 11.98%.

Insider Activity at SM Energy

In other news, Director Barton R. Brookman, Jr. acquired 7,000 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were acquired at an average price of $32.36 per share, for a total transaction of $226,520.00. Following the completion of the transaction, the director now directly owns 14,666 shares of the company’s stock, valued at approximately $474,591.76. The trade was a 91.31 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on SM shares. Wells Fargo & Company lowered their price objective on SM Energy from $47.00 to $45.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 17th. Truist Financial increased their price objective on SM Energy from $42.00 to $45.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Stephens reaffirmed an “overweight” rating and set a $57.00 price target on shares of SM Energy in a report on Thursday, January 2nd. Mizuho reduced their price target on shares of SM Energy from $57.00 to $55.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Finally, Susquehanna reduced their price target on shares of SM Energy from $48.00 to $46.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Seven research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $51.90.

SM Energy Profile

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, gas, and natural gas liquids in the state of Texas. It has working interests in oil and gas producing wells in the Midland Basin and South Texas. The company was formerly known as St.