Cornerstone Capital Management Holdings LLC. trimmed its stake in Southwestern Energy Company (NYSE:SWN) by 86.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 105,158 shares of the energy company’s stock after selling 683,693 shares during the period. Cornerstone Capital Management Holdings LLC.’s holdings in Southwestern Energy were worth $638,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stifel Financial Corp increased its position in Southwestern Energy by 38.2% during the 1st quarter. Stifel Financial Corp now owns 17,170 shares of the energy company’s stock valued at $140,000 after buying an additional 4,746 shares in the last quarter. Neuberger Berman Group LLC increased its position in Southwestern Energy by 15.2% during the 1st quarter. Neuberger Berman Group LLC now owns 30,359 shares of the energy company’s stock valued at $248,000 after buying an additional 4,005 shares in the last quarter. OppenheimerFunds Inc. increased its position in Southwestern Energy by 51.0% during the 1st quarter. OppenheimerFunds Inc. now owns 38,808 shares of the energy company’s stock valued at $317,000 after buying an additional 13,100 shares in the last quarter. Principal Financial Group Inc. increased its position in Southwestern Energy by 2.5% during the 1st quarter. Principal Financial Group Inc. now owns 778,905 shares of the energy company’s stock valued at $6,363,000 after buying an additional 19,216 shares in the last quarter. Finally, Teachers Advisors LLC increased its position in Southwestern Energy by 10.2% during the 1st quarter. Teachers Advisors LLC now owns 646,713 shares of the energy company’s stock valued at $5,284,000 after buying an additional 59,596 shares in the last quarter. 89.51% of the stock is owned by hedge funds and other institutional investors.
Southwestern Energy Company (SWN) traded up $0.18 during trading hours on Friday, hitting $6.67. The company had a trading volume of 16,924,801 shares, compared to its average volume of 17,623,770. Southwestern Energy Company has a 12-month low of $4.90 and a 12-month high of $12.85. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.88 and a current ratio of 1.88. The firm has a market capitalization of $3,325.64, a PE ratio of 16.23 and a beta of 1.17.
Southwestern Energy (NYSE:SWN) last posted its quarterly earnings results on Thursday, October 26th. The energy company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). Southwestern Energy had a net margin of 16.31% and a return on equity of 23.99%. The company had revenue of $737.00 million during the quarter, compared to analyst estimates of $773.99 million. During the same period in the prior year, the business posted $0.03 EPS. Southwestern Energy’s revenue for the quarter was up 13.2% compared to the same quarter last year. sell-side analysts forecast that Southwestern Energy Company will post 0.49 EPS for the current year.
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SWN has been the topic of several recent analyst reports. Cowen and Company reaffirmed a “buy” rating and set a $9.00 target price on shares of Southwestern Energy in a research report on Tuesday, September 12th. Morgan Stanley increased their price objective on Southwestern Energy from $5.00 to $6.00 and gave the company an “underweight” rating in a report on Wednesday, October 18th. BidaskClub raised Southwestern Energy from a “strong sell” rating to a “sell” rating in a report on Thursday, August 3rd. Scotiabank set a $8.00 price objective on Southwestern Energy and gave the company a “hold” rating in a report on Monday, August 7th. Finally, Zacks Investment Research lowered Southwestern Energy from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Six research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the stock. Southwestern Energy has an average rating of “Hold” and a consensus price target of $10.95.
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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