TIAA CREF Investment Management LLC purchased a new stake in shares of SilverBow Resources Inc. (NYSE:SBOW) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 18,269 shares of the company’s stock, valued at approximately $478,000. TIAA CREF Investment Management LLC owned about 0.16% of SilverBow Resources at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of SilverBow Resources in the second quarter worth approximately $148,000. Spark Investment Management LLC purchased a new position in SilverBow Resources during the 2nd quarter worth $279,000. Schwab Charles Investment Management Inc. purchased a new position in SilverBow Resources during the 2nd quarter worth $309,000. Teachers Advisors LLC purchased a new position in SilverBow Resources during the 2nd quarter worth $317,000. Finally, Bank of New York Mellon Corp purchased a new position in SilverBow Resources during the 2nd quarter worth $623,000. 30.14% of the stock is owned by institutional investors and hedge funds.
In other SilverBow Resources news, CEO Sean C. Woolverton purchased 1,119 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The stock was purchased at an average price of $22.86 per share, for a total transaction of $25,580.34. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sean C. Woolverton purchased 1,043 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was acquired at an average price of $24.29 per share, with a total value of $25,334.47. Following the purchase, the chief executive officer now owns 64,847 shares in the company, valued at $1,575,133.63. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 5,504 shares of company stock valued at $127,231.
Shares of SilverBow Resources Inc. (SBOW) traded up $0.84 on Monday, reaching $23.71. The company’s stock had a trading volume of 315,541 shares, compared to its average volume of 26,537. SilverBow Resources Inc. has a 12 month low of $19.89 and a 12 month high of $35.70. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 1.50.
SBOW has been the topic of several research reports. Zacks Investment Research upgraded SilverBow Resources from a “sell” rating to a “hold” rating in a report on Friday, November 10th. BidaskClub upgraded SilverBow Resources from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. Northland Securities began coverage on SilverBow Resources in a report on Thursday, September 28th. They issued an “outperform” rating and a $42.00 price target on the stock. Finally, Stephens began coverage on SilverBow Resources in a research report on Friday, September 29th. They issued an “overweight” rating and a $28.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $31.67.
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SilverBow Resources Company Profile
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