Virginia Retirement Systems ET AL acquired a new position in Southwestern Energy Co. (NYSE:SWN) during the second quarter, according to its most recent filing with the SEC. The fund acquired 16,500 shares of the energy company’s stock, valued at approximately $208,000.
Other institutional investors also recently bought and sold shares of the company. Zurich Insurance Group Ltd FI acquired a new position in shares of Southwestern Energy during the first quarter valued at approximately $1,595,000. Geode Capital Management LLC boosted its position in shares of Southwestern Energy by 3.9% in the first quarter. Geode Capital Management LLC now owns 3,175,453 shares of the energy company’s stock valued at $25,573,000 after buying an additional 117,987 shares in the last quarter. Babson Capital Management LLC acquired a new position in shares of Southwestern Energy during the first quarter valued at approximately $1,106,000. Seven Bridges Advisors LLC acquired a new position in shares of Southwestern Energy during the second quarter valued at approximately $214,000. Finally, Creative Planning boosted its position in shares of Southwestern Energy by 50.6% in the second quarter. Creative Planning now owns 37,206 shares of the energy company’s stock valued at $468,000 after buying an additional 12,501 shares in the last quarter. 98.78% of the stock is owned by hedge funds and other institutional investors.
Shares of Southwestern Energy Co. (NYSE:SWN) opened at 13.17 on Wednesday. Southwestern Energy Co. has a 12-month low of $5.00 and a 12-month high of $15.59. The stock’s market cap is $5.11 billion. The company’s 50-day moving average is $14.02 and its 200-day moving average is $12.88.
Southwestern Energy (NYSE:SWN) last issued its quarterly earnings data on Friday, July 22nd. The energy company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.01. The firm had revenue of $522 million for the quarter, compared to analyst estimates of $517.49 million. Southwestern Energy had a negative net margin of 220.65% and a negative return on equity of 1.99%. On average, analysts expect that Southwestern Energy Co. will post $0.04 earnings per share for the current fiscal year.
Several equities analysts have commented on the stock. Barclays PLC reissued an “underweight” rating and issued a $8.00 price target (up previously from $7.00) on shares of Southwestern Energy in a research report on Friday, July 1st. BMO Capital Markets reaffirmed a “hold” rating and set a $18.00 price objective on shares of Southwestern Energy in a research report on Friday, July 29th. KLR Group lifted their price objective on shares of Southwestern Energy from $13.00 to $15.00 and gave the stock a “hold” rating in a research report on Thursday, September 1st. Nomura reaffirmed a “neutral” rating and set a $15.00 price objective (up from $13.00) on shares of Southwestern Energy in a research report on Monday, July 25th. Finally, Vetr cut shares of Southwestern Energy from a “buy” rating to a “hold” rating and set a $13.31 price objective for the company. in a research report on Tuesday, June 14th. Five investment analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $12.66.
In other news, Director Gregory D. Kerley sold 12,000 shares of Southwestern Energy stock in a transaction that occurred on Tuesday, September 20th. The shares were sold at an average price of $14.34, for a total value of $172,080.00. Following the transaction, the director now owns 312,064 shares of the company’s stock, valued at $4,474,997.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.16% of the company’s stock.
About Southwestern Energy
Southwestern Energy Company is an independent energy company engaged in natural gas and oil exploration, development and production. The Company operates through two segments: Exploration and Production (E&P) and Midstream Services. Its operations are focused on the development of unconventional natural gas reservoirs located in Pennsylvania, West Virginia and Arkansas.
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