WESPAC Advisors LLC acquired a new position in shares of Southwestern Energy Co. (NYSE:SWN) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 44,230 shares of the energy company’s stock, valued at approximately $556,000.
A number of other institutional investors have also recently bought and sold shares of the stock. Advisor Partners LLC raised 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 during the period. Simmons Bank purchased a new position in Southwestern Energy during the first quarter worth $113,000. Ladenburg Thalmann Financial Services Inc. raised 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 during the period. Howard Hughes Medical Institute purchased a new position in Southwestern Energy during the first quarter worth $129,000. Finally, AXA raised its position in Southwestern Energy by 143.1% in the first quarter. AXA now owns 16,200 shares of the energy company’s stock worth $131,000 after buying an additional 9,536 shares during the period. Hedge funds and other institutional investors own 98.78% of the company’s stock.
Shares of Southwestern Energy Co. (NYSE:SWN) traded up 3.02% during trading on Wednesday, hitting $14.68. The company’s stock had a trading volume of 11,585,994 shares. Southwestern Energy Co. has a 1-year low of $5.00 and a 1-year high of $15.59. The firm’s 50 day moving average is $14.09 and its 200-day moving average is $12.26. The company’s market capitalization is $5.69 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 the consensus estimate of ($0.10) by $0.01. The firm earned $522 million during the quarter, compared to the consensus estimate of $517.49 million. Southwestern Energy had a negative return on equity of 1.99% and a negative net margin of 220.65%. Analysts forecast that Southwestern Energy Co. will post $0.05 EPS for the current fiscal year.
A number of equities analysts recently weighed in on SWN shares. Vetr lowered shares of Southwestern Energy from a “strong-buy” rating to a “buy” rating and set a $13.92 price objective on the stock. in a research report on Wednesday, May 25th. Tudor Pickering raised Southwestern Energy from a “hold” rating to a “buy” rating in a report on Wednesday, June 29th. Zacks Investment Research raised Southwestern Energy from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a report on Monday, July 11th. National Securities raised Southwestern Energy from a “neutral” rating to a “buy” rating and raised their target price for the company from $13.00 to $17.00 in a report on Monday, July 25th. Finally, Stephens raised Southwestern Energy from an “underweight” rating to an “equal weight” rating in a report on Friday, July 22nd. 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 assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $12.44.
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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