IBM Retirement Fund raised its position in shares of Southwestern Energy Co. (NYSE:SWN) by 2.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,546 shares of the energy company’s stock after buying an additional 935 shares during the period. IBM Retirement Fund’s holdings in Southwestern Energy were worth $497,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. BlackRock Institutional Trust Company N.A. increased its position in shares of Southwestern Energy by 5.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 10,492,996 shares of the energy company’s stock worth $84,678,000 after buying an additional 516,817 shares during the period. Norges Bank acquired a new position in shares of Southwestern Energy during the fourth quarter worth about $51,387,000. Primecap Management Co. CA increased its position in shares of Southwestern Energy by 2.2% in the first quarter. Primecap Management Co. CA now owns 5,725,525 shares of the energy company’s stock worth $46,205,000 after buying an additional 122,200 shares during the period. Disciplined Growth Investors Inc. MN increased its position in shares of Southwestern Energy by 112.7% in the first quarter. Disciplined Growth Investors Inc. MN now owns 4,272,725 shares of the energy company’s stock worth $34,481,000 after buying an additional 2,264,350 shares during the period. Finally, Tobam increased its position in shares of Southwestern Energy by 1,602.0% in the first quarter. Tobam now owns 3,758,033 shares of the energy company’s stock worth $30,328,000 after buying an additional 3,537,238 shares during the period. 98.78% of the stock is owned by hedge funds and other institutional investors.
Southwestern Energy Co. (NYSE:SWN) traded down 3.35% during mid-day trading on Friday, hitting $13.86. The company had a trading volume of 13,493,466 shares. The company’s market cap is $5.37 billion. The company’s 50 day moving average price is $14.10 and its 200-day moving average price is $12.33. Southwestern Energy Co. has a one year low of $5.00 and a one year high of $15.59.
Southwestern Energy (NYSE:SWN) last released its quarterly earnings data on Friday, July 22nd. The energy company reported ($0.09) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.01. Southwestern Energy had a negative return on equity of 1.99% and a negative net margin of 220.65%. The business earned $522 million during the quarter, compared to analyst estimates of $517.49 million. Equities research analysts anticipate that Southwestern Energy Co. will post $0.05 EPS for the current fiscal year.
A number of equities analysts recently issued reports on SWN shares. Zacks Investment Research raised Southwestern Energy from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Tuesday, July 26th. KLR Group upped their price target on Southwestern Energy from $13.00 to $14.00 and gave the company a “hold” rating in a report on Monday, June 13th. Jefferies Group reaffirmed a “sell” rating on shares of Southwestern Energy in a report on Thursday, June 30th. Nomura reaffirmed a “hold” rating and issued a $13.00 price target on shares of Southwestern Energy in a report on Tuesday, July 5th. Finally, Tudor Pickering raised Southwestern Energy from a “hold” rating to a “buy” rating in a report on Wednesday, June 29th. Five analysts have rated the stock with a sell rating, twenty-two have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Southwestern Energy has an average rating of “Hold” and an average price target of $12.44.
In related news, Director Gregory D. Kerley sold 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 20th. The stock was sold at an average price of $14.34, for a total transaction of $172,080.00. Following the completion of the transaction, the director now owns 312,064 shares in the company, valued at approximately $4,474,997.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.16% of the company’s stock.
Southwestern Energy Company Profile
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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