AXA boosted its holdings in shares of Southwestern Energy (NYSE:SWN) by 74.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 780,000 shares of the energy company’s stock after buying an additional 333,900 shares during the quarter. AXA owned approximately 0.13% of Southwestern Energy worth $4,352,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Spark Investment Management LLC acquired a new position in Southwestern Energy during the fourth quarter worth approximately $1,220,000. OppenheimerFunds Inc. grew its position in shares of Southwestern Energy by 30.3% in the fourth quarter. OppenheimerFunds Inc. now owns 175,184 shares of the energy company’s stock valued at $978,000 after purchasing an additional 40,782 shares during the last quarter. State of Tennessee Treasury Department grew its position in shares of Southwestern Energy by 4.8% in the fourth quarter. State of Tennessee Treasury Department now owns 2,642,293 shares of the energy company’s stock valued at $14,744,000 after purchasing an additional 120,000 shares during the last quarter. ARP Americas LP acquired a new position in shares of Southwestern Energy in the fourth quarter valued at approximately $661,000. Finally, American International Group Inc. grew its position in shares of Southwestern Energy by 1.7% in the fourth quarter. American International Group Inc. now owns 1,074,702 shares of the energy company’s stock valued at $5,997,000 after purchasing an additional 18,442 shares during the last quarter. 80.67% of the stock is currently owned by hedge funds and other institutional investors.
Southwestern Energy stock traded down $0.15 during trading hours on Friday, reaching $4.26. 11,835,803 shares of the company’s stock were exchanged, compared to its average volume of 15,992,299. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 2.22. Southwestern Energy has a twelve month low of $3.42 and a twelve month high of $8.55. The company has a market cap of $2,500.89, a P/E ratio of 9.68 and a beta of 0.79.
Southwestern Energy (NYSE:SWN) last issued its quarterly earnings results on Thursday, March 1st. The energy company reported $0.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.03. Southwestern Energy had a return on equity of 21.54% and a net margin of 30.57%. The firm had revenue of $809.00 million during the quarter, compared to the consensus estimate of $802.77 million. During the same period last year, the business posted $0.08 EPS. The business’s revenue was up 18.3% compared to the same quarter last year. equities research analysts forecast that Southwestern Energy will post 0.73 EPS for the current fiscal year.
Several equities research analysts recently issued reports on the company. Zacks Investment Research upgraded Southwestern Energy from a “sell” rating to a “hold” rating in a research note on Thursday. Jefferies Group reiterated a “hold” rating and issued a $5.00 price target on shares of Southwestern Energy in a research note on Monday, March 19th. Piper Jaffray set a $6.00 price target on Southwestern Energy and gave the company a “hold” rating in a research note on Wednesday, March 14th. UBS started coverage on Southwestern Energy in a research note on Wednesday, March 7th. They issued a “sell” rating and a $4.00 price target for the company. Finally, TheStreet upgraded Southwestern Energy from a “d” rating to a “c-” rating in a research note on Thursday, March 1st. Eight equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $6.76.
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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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