Tower Research Capital LLC TRC boosted its position in shares of Southwestern Energy Co. (NYSE:SWN) by 120.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,996 shares of the energy company’s stock after buying an additional 6,550 shares during the period. Tower Research Capital LLC TRC’s holdings in Southwestern Energy were worth $151,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Southwestern Energy by 23.2% in the second quarter. Vanguard Group Inc. now owns 43,459,895 shares of the energy company’s stock worth $546,724,000 after buying an additional 8,190,765 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in 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 last quarter. Bank of Montreal Can purchased a new position in Southwestern Energy during the second quarter worth about $91,593,000. Primecap Management Co. CA raised its position in 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 last quarter. Finally, Dimensional Fund Advisors LP raised its position in Southwestern Energy by 136.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,409,051 shares of the energy company’s stock worth $55,485,000 after buying an additional 2,542,829 shares during 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 13.82 on Friday. The company’s market capitalization is $5.36 billion. The firm has a 50-day moving average of $14.03 and a 200-day moving average of $12.76. Southwestern Energy Co. has a one year low of $5.00 and a one year high of $15.59.
Southwestern Energy (NYSE:SWN) last posted 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 net margin of 220.65% and a negative return on equity of 1.99%. The company had revenue of $522 million for the quarter, compared to the consensus estimate of $517.49 million. Equities research analysts expect that Southwestern Energy Co. will post $0.04 EPS for the current fiscal year.
A number of brokerages have recently weighed in on SWN. Zacks Investment Research raised shares of Southwestern Energy from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research note on Tuesday, July 26th. KLR Group upped their price target on shares of Southwestern Energy from $13.00 to $14.00 and gave the stock a “hold” rating in a research note on Monday, June 13th. Jefferies Group reaffirmed a “sell” rating on shares of Southwestern Energy in a research note on Thursday, June 30th. Nomura reaffirmed a “hold” rating and issued a $13.00 price target on shares of Southwestern Energy in a research note on Tuesday, July 5th. Finally, Tudor Pickering raised shares of Southwestern Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, June 29th. Five investment analysts have rated the stock with a sell rating, twenty-three have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently 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 sale, the director now directly owns 312,064 shares in the company, valued at $4,474,997.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.16% of the stock is currently owned by insiders.
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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