Zebra Capital Management LLC reduced its holdings in Southwestern Energy (NYSE:SWN) by 17.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 155,183 shares of the energy company’s stock after selling 31,966 shares during the quarter. Zebra Capital Management LLC’s holdings in Southwestern Energy were worth $822,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Rhumbline Advisers increased its position in Southwestern Energy by 3.2% during the first quarter. Rhumbline Advisers now owns 910,956 shares of the energy company’s stock valued at $3,944,000 after acquiring an additional 28,050 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in Southwestern Energy during the first quarter valued at $443,000. Mackay Shields LLC bought a new position in Southwestern Energy during the first quarter valued at $1,083,000. American Century Companies Inc. increased its position in Southwestern Energy by 150.4% during the first quarter. American Century Companies Inc. now owns 909,934 shares of the energy company’s stock valued at $3,940,000 after acquiring an additional 546,578 shares during the last quarter. Finally, Prudential Financial Inc. increased its position in Southwestern Energy by 7.3% during the first quarter. Prudential Financial Inc. now owns 2,113,234 shares of the energy company’s stock valued at $9,150,000 after acquiring an additional 143,547 shares during the last quarter. 90.83% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently issued reports on SWN shares. Scotiabank set a $7.00 target price on shares of Southwestern Energy and gave the company a “hold” rating in a research note on Monday, August 6th. ValuEngine lowered shares of Southwestern Energy from a “sell” rating to a “strong sell” rating in a research note on Monday, June 11th. Johnson Rice lowered shares of Southwestern Energy from a “buy” rating to an “accumulate” rating in a research note on Wednesday, August 15th. Morgan Stanley boosted their target price on shares of Southwestern Energy from $4.50 to $5.00 and gave the company an “underweight” rating in a research note on Thursday, August 16th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $4.30 target price on shares of Southwestern Energy in a research note on Friday, June 1st. Seven analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have issued a buy rating to the company’s stock. Southwestern Energy has a consensus rating of “Hold” and an average price target of $5.96.
Southwestern Energy (NYSE:SWN) last released its quarterly earnings data on Thursday, August 2nd. The energy company reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.02. Southwestern Energy had a net margin of 18.37% and a return on equity of 17.78%. The company had revenue of $816.00 million during the quarter, compared to analyst estimates of $809.41 million. During the same period in the prior year, the firm earned $0.08 earnings per share. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. analysts predict that Southwestern Energy will post 0.9 earnings per share for the current fiscal year.
Southwestern Energy Profile
Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas and oil in the United States. It operates through two segments, Exploration and Production, and Midstream. The company focuses on the Marcellus Shale, an unconventional natural gas reservoir covering approximately 191,226 net acres in Northeast Appalachia; Marcellus Shale, Utica, and Upper Devonian unconventional natural gas and oil reservoirs covering approximately 290,291 net acres in Southwest Appalachia; and the Fayetteville Shale, an unconventional natural gas reservoir covering approximately 917,842 net acres in Arkansas.
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