Wells Fargo & Company MN raised its stake in shares of Southwestern Energy (NYSE:SWN) by 6.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,695,848 shares of the energy company’s stock after purchasing an additional 164,788 shares during the period. Wells Fargo & Company MN owned 0.50% of Southwestern Energy worth $8,520,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of SWN. Wetherby Asset Management Inc. purchased a new position in Southwestern Energy during the second quarter valued at $45,000. Signaturefd LLC lifted its stake in shares of Southwestern Energy by 325.7% in the second quarter. Signaturefd LLC now owns 16,593 shares of the energy company’s stock worth $52,000 after buying an additional 12,695 shares in the last quarter. Stevens Capital Management LP purchased a new position in shares of Southwestern Energy in the first quarter worth about $54,000. Eidelman Virant Capital purchased a new position in shares of Southwestern Energy in the second quarter worth about $63,000. Finally, Magnus Financial Group LLC lifted its stake in shares of Southwestern Energy by 62.1% in the second quarter. Magnus Financial Group LLC now owns 20,260 shares of the energy company’s stock worth $64,000 after buying an additional 7,760 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider William J. Way acquired 100,000 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was purchased at an average cost of $1.91 per share, for a total transaction of $191,000.00. Following the completion of the transaction, the insider now owns 771,362 shares in the company, valued at $1,473,301.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Julian Mark Bott acquired 25,000 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were purchased at an average price of $1.90 per share, with a total value of $47,500.00. Following the completion of the transaction, the chief financial officer now owns 25,000 shares of the company’s stock, valued at approximately $47,500. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 126,250 shares of company stock valued at $240,638. 0.66% of the stock is owned by company insiders.
Several equities analysts have recently weighed in on the stock. B. Riley reissued a “buy” rating and issued a $6.50 price target (down from $7.30) on shares of Southwestern Energy in a research note on Friday, May 17th. Credit Suisse Group downgraded shares of Southwestern Energy from a “neutral” rating to an “underperform” rating and set a $2.83 price target on the stock. in a research note on Tuesday, July 9th. Zacks Investment Research downgraded shares of Southwestern Energy from a “hold” rating to a “sell” rating and set a $3.00 price target on the stock. in a research note on Monday, July 22nd. UBS Group raised shares of Southwestern Energy from a “sell” rating to a “neutral” rating and decreased their price target for the stock from $3.10 to $1.90 in a research note on Wednesday, August 14th. Finally, Bank of America reissued an “underperform” rating and issued a $2.50 price target (down from $3.00) on shares of Southwestern Energy in a research note on Wednesday, August 7th. Six research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $3.92.
Southwestern Energy stock traded down $0.01 during midday trading on Friday, hitting $2.13. 104,704 shares of the stock were exchanged, compared to its average volume of 18,966,598. Southwestern Energy has a fifty-two week low of $1.56 and a fifty-two week high of $6.23. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 2.09, a PEG ratio of 0.44 and a beta of 1.09. The stock’s 50-day simple moving average is $1.90 and its 200 day simple moving average is $3.35. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.74.
Southwestern Energy (NYSE:SWN) last released its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.01). Southwestern Energy had a return on equity of 19.16% and a net margin of 26.70%. The firm had revenue of $667.00 million for the quarter, compared to analyst estimates of $851.21 million. During the same quarter in the previous year, the business posted $0.18 earnings per share. Southwestern Energy’s revenue for the quarter was down 18.3% on a year-over-year basis. Equities analysts anticipate that Southwestern Energy will post 0.56 EPS for the current fiscal year.
Southwestern Energy Company Profile
Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas and oil in the United States. It operates through two segments, Exploration and Production, and Midstream. The company focuses on the development of unconventional natural gas reservoirs located in Pennsylvania and West Virginia.
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