Oakbrook Investments LLC cut its stake in shares of Southwestern Energy Company (NYSE:SWN) by 45.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,500 shares of the energy company’s stock after selling 18,000 shares during the period. Oakbrook Investments LLC’s holdings in Southwestern Energy were worth $131,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans raised its stake in shares of Southwestern Energy by 4.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 16,680 shares of the energy company’s stock valued at $180,000 after buying an additional 650 shares during the period. UBS Asset Management Americas Inc. raised its stake in shares of Southwestern Energy by 5.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,350,731 shares of the energy company’s stock valued at $14,615,000 after buying an additional 68,751 shares during the period. Teachers Advisors LLC raised its stake in shares of Southwestern Energy by 8.9% in the fourth quarter. Teachers Advisors LLC now owns 587,117 shares of the energy company’s stock valued at $6,353,000 after buying an additional 48,021 shares during the period. Kentucky Retirement Systems bought a new stake in shares of Southwestern Energy during the fourth quarter valued at about $385,000. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Southwestern Energy during the fourth quarter valued at about $172,000. 93.62% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Southwestern Energy Company (NYSE:SWN) traded up 2.30% on Friday, reaching $5.34. 14,334,973 shares of the company’s stock were exchanged. Southwestern Energy Company has a one year low of $5.00 and a one year high of $15.59. The company has a 50 day moving average price of $5.75 and a 200 day moving average price of $7.14. The firm’s market cap is $2.66 billion.
Southwestern Energy (NYSE:SWN) last released its quarterly earnings data on Thursday, August 3rd. The energy company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.08. Southwestern Energy had a positive return on equity of 25.19% and a negative net margin of 9.46%. The firm had revenue of $811 million during the quarter, compared to the consensus estimate of $810 million. During the same period in the previous year, the firm earned ($0.09) EPS. The business’s revenue was up 55.4% compared to the same quarter last year. Analysts expect that Southwestern Energy Company will post $0.55 EPS for the current fiscal year.
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Several equities research analysts recently commented on SWN shares. BidaskClub downgraded shares of Southwestern Energy from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Cowen and Company set a $9.00 price target on shares of Southwestern Energy and gave the stock a “buy” rating in a research report on Wednesday, July 19th. Citigroup Inc. dropped their price target on shares of Southwestern Energy from $9.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday, July 21st. Zacks Investment Research downgraded shares of Southwestern Energy from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, Barclays PLC restated an “equal weight” rating and issued a $9.00 price target (down previously from $10.00) on shares of Southwestern Energy in a research report on Saturday, April 22nd. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company’s stock. Southwestern Energy has a consensus rating of “Hold” and a consensus target price of $12.55.
About Southwestern Energy
Southwestern Energy Company is an 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 in northeast Pennsylvania are primarily focused on the unconventional natural gas reservoir known as the Marcellus Shale.
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