Rhumbline Advisers boosted its position in Southwestern Energy (NYSE:SWN) by 6.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,071,901 shares of the energy company’s stock after purchasing an additional 61,165 shares during the period. Rhumbline Advisers owned approximately 0.18% of Southwestern Energy worth $5,477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently made changes to their positions in SWN. Principal Financial Group Inc. grew its stake in shares of Southwestern Energy by 3.5% in the first quarter. Principal Financial Group Inc. now owns 2,633,093 shares of the energy company’s stock worth $11,401,000 after acquiring an additional 88,529 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Southwestern Energy by 2,836.9% in the second quarter. Nisa Investment Advisors LLC now owns 20,705 shares of the energy company’s stock worth $110,000 after acquiring an additional 20,000 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Southwestern Energy by 24.0% in the second quarter. Janney Montgomery Scott LLC now owns 72,795 shares of the energy company’s stock worth $386,000 after acquiring an additional 14,091 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of Southwestern Energy by 36.2% in the second quarter. BNP Paribas Arbitrage SA now owns 242,818 shares of the energy company’s stock worth $1,287,000 after acquiring an additional 64,484 shares during the last quarter. Finally, Aperio Group LLC grew its stake in shares of Southwestern Energy by 102.8% in the second quarter. Aperio Group LLC now owns 513,769 shares of the energy company’s stock worth $2,723,000 after acquiring an additional 260,402 shares during the last quarter. 96.91% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently issued reports on the stock. Bank of America upgraded shares of Southwestern Energy from an “underperform” rating to a “neutral” rating and set a $7.00 price objective on the stock in a research note on Tuesday, November 13th. Morgan Stanley cut Southwestern Energy to a “sell” rating and set a $3.00 target price for the company. in a research report on Wednesday, September 26th. BMO Capital Markets set a $7.00 target price on Southwestern Energy and gave the stock a “buy” rating in a research report on Sunday, August 12th. Citigroup raised their target price on Southwestern Energy from $5.00 to $6.00 and gave the stock a “neutral” rating in a research report on Monday, August 13th. Finally, Johnson Rice cut Southwestern Energy from a “buy” rating to an “accumulate” rating in a research report on Wednesday, August 15th. Seven research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $5.80.
Shares of SWN stock opened at $4.42 on Friday. The firm has a market capitalization of $2.62 billion, a P/E ratio of 10.05 and a beta of 0.61. Southwestern Energy has a one year low of $3.42 and a one year high of $6.23. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.69 and a quick ratio of 0.69.
Southwestern Energy (NYSE:SWN) last issued its earnings results on Thursday, October 25th. The energy company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.21 by $0.04. The firm had revenue of $951.00 million during the quarter, compared to analysts’ expectations of $889.13 million. Southwestern Energy had a return on equity of 22.07% and a net margin of 14.22%. As a group, sell-side analysts predict that Southwestern Energy will post 0.95 earnings per share for the current fiscal year.
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About Southwestern Energy
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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