ING Groep NV Buys 14,961 Shares of Southwestern Energy (SWN)

ING Groep NV raised its stake in shares of Southwestern Energy (NYSE:SWN) by 24.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 77,320 shares of the energy company’s stock after acquiring an additional 14,961 shares during the period. ING Groep NV’s holdings in Southwestern Energy were worth $431,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cetera Investment Advisers purchased a new position in shares of Southwestern Energy during the 2nd quarter valued at about $108,000. Stevens Capital Management LP purchased a new position in shares of Southwestern Energy during the 3rd quarter valued at about $135,000. State of Alaska Department of Revenue purchased a new position in shares of Southwestern Energy during the 4th quarter valued at about $166,000. Smith Moore & CO. purchased a new position in shares of Southwestern Energy during the 3rd quarter valued at about $202,000. Finally, Hartford Investment Management Co. raised its stake in shares of Southwestern Energy by 53.0% during the 3rd quarter. Hartford Investment Management Co. now owns 33,200 shares of the energy company’s stock valued at $203,000 after buying an additional 11,500 shares during the last quarter. Institutional investors and hedge funds own 76.51% of the company’s stock.

Shares of Southwestern Energy (SWN) opened at $3.58 on Monday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 2.66. Southwestern Energy has a twelve month low of $3.42 and a twelve month high of $8.94. The stock has a market capitalization of $1,830.00, a PE ratio of 5.77 and a beta of 0.96.

A number of research firms have weighed in on SWN. Cowen set a $5.00 price objective on Southwestern Energy and gave the company a “buy” rating in a research note on Thursday, February 8th. BMO Capital Markets set a $9.00 price objective on Southwestern Energy and gave the company a “buy” rating in a research note on Tuesday, November 14th. ValuEngine lowered Southwestern Energy from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. B. Riley initiated coverage on Southwestern Energy in a research note on Monday, February 5th. They issued a “neutral” rating and a $5.00 price target for the company. Finally, Royal Bank of Canada set a $6.00 price target on Southwestern Energy and gave the company a “hold” rating in a research note on Thursday, February 8th. Eight equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $7.94.

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Southwestern Energy Profile

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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Institutional Ownership by Quarter for Southwestern Energy (NYSE:SWN)

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