Sippican Capital Advisors increased its position in shares of Southwestern Energy Co. (NYSE:SWN) by 7.7% during the second quarter, Holdings Channel reports. The firm owned 21,318 shares of the energy company’s stock after buying an additional 1,525 shares during the period. Sippican Capital Advisors’ holdings in Southwestern Energy were worth $268,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Fox Run Management L.L.C. acquired a new position in Southwestern Energy during the second quarter worth $151,000. Advisor Partners LLC increased its position in Southwestern Energy by 11.9% in the first quarter. Advisor Partners LLC now owns 13,501 shares of the energy company’s stock worth $109,000 after buying an additional 1,435 shares in the last quarter. Locust Wood Capital Advisers LLC acquired a new position in Southwestern Energy during the second quarter worth $171,000. Simmons Bank acquired a new position in Southwestern Energy during the first quarter worth $113,000. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in Southwestern Energy by 10.9% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 14,321 shares of the energy company’s stock worth $115,000 after buying an additional 1,402 shares in the last quarter. 98.78% of the stock is owned by institutional investors.
Southwestern Energy Co. (NYSE:SWN) traded down 3.35% during midday trading on Friday, hitting $13.86. 13,493,466 shares of the company were exchanged. Southwestern Energy Co. has a one year low of $5.00 and a one year high of $15.59. The firm’s 50-day moving average price is $14.10 and its 200-day moving average price is $12.33. The stock’s market capitalization is $5.37 billion.
Southwestern Energy (NYSE:SWN) last announced its quarterly earnings data on Friday, July 22nd. The energy company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.01. The firm had revenue of $522 million for the quarter, compared to the consensus estimate of $517.49 million. Southwestern Energy had a negative net margin of 220.65% and a negative return on equity of 1.99%. Equities research analysts anticipate that Southwestern Energy Co. will post $0.05 earnings per share for the current year.
SWN has been the topic of a number of recent research reports. Vetr downgraded shares of Southwestern Energy from a “buy” rating to a “hold” rating and set a $13.92 price target on the stock. in a report on Tuesday, May 31st. KLR Group downgraded shares of Southwestern Energy from an “accumulate” rating to a “hold” rating and set a $13.00 price target on the stock. in a report on Tuesday, June 7th. Bank of America Corp. restated a “hold” rating and set a $16.00 price target on shares of Southwestern Energy in a report on Friday, June 10th. Credit Suisse Group AG restated a “neutral” rating and set a $9.00 price target (up previously from $8.00) on shares of Southwestern Energy in a report on Tuesday, June 14th. Finally, Barclays PLC raised their price target on shares of Southwestern Energy from $6.00 to $7.00 and gave the company an “underweight” rating in a report on Tuesday, June 14th. Five analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $12.44.
In other Southwestern Energy news, Director Gregory D. Kerley sold 12,000 shares of the stock in a transaction dated Tuesday, September 20th. The shares were sold at an average price of $14.34, for a total transaction of $172,080.00. Following the sale, the director now directly owns 312,064 shares in the company, valued at $4,474,997.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company 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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