River & Mercantile Asset Management LLP trimmed its holdings in shares of Southwestern Energy (NYSE:SWN) by 10.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,523,407 shares of the energy company’s stock after selling 184,183 shares during the quarter. River & Mercantile Asset Management LLP owned 0.26% of Southwestern Energy worth $7,792,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. increased its position in shares of Southwestern Energy by 9.7% during the third quarter. BlackRock Inc. now owns 67,902,435 shares of the energy company’s stock worth $346,981,000 after acquiring an additional 6,031,138 shares during the last quarter. FMR LLC increased its position in shares of Southwestern Energy by 216.5% during the third quarter. FMR LLC now owns 49,012,660 shares of the energy company’s stock worth $250,454,000 after acquiring an additional 33,527,802 shares during the last quarter. Stelliam Investment Management LP increased its position in shares of Southwestern Energy by 15.6% during the second quarter. Stelliam Investment Management LP now owns 29,450,000 shares of the energy company’s stock worth $156,085,000 after acquiring an additional 3,972,500 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Southwestern Energy by 78.7% during the third quarter. Dimensional Fund Advisors LP now owns 26,092,943 shares of the energy company’s stock worth $133,337,000 after acquiring an additional 11,494,799 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board increased its position in shares of Southwestern Energy by 20.0% during the third quarter. Ontario Teachers Pension Plan Board now owns 12,014,540 shares of the energy company’s stock worth $61,394,000 after acquiring an additional 2,000,415 shares during the last quarter. 96.91% of the stock is currently owned by institutional investors and hedge funds.
SWN stock traded up $0.17 during midday trading on Friday, reaching $4.59. The company had a trading volume of 203,299 shares, compared to its average volume of 19,893,754. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.62. Southwestern Energy has a fifty-two week low of $3.42 and a fifty-two week high of $6.23. The company has a market cap of $2.62 billion, a P/E ratio of 10.47 and a beta of 0.61.
Southwestern Energy (NYSE:SWN) last issued its earnings results on Thursday, October 25th. The energy company reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.04. Southwestern Energy had a return on equity of 22.07% and a net margin of 14.22%. The company had revenue of $951.00 million during the quarter, compared to the consensus estimate of $889.13 million. Analysts expect that Southwestern Energy will post 0.95 EPS for the current fiscal year.
In other Southwestern Energy news, SVP Jennifer N. Mccauley sold 10,850 shares of Southwestern Energy stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $5.88, for a total value of $63,798.00. Following the completion of the transaction, the senior vice president now directly owns 30,799 shares in the company, valued at $181,098.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.70% of the company’s stock.
A number of brokerages have recently issued reports on SWN. Citigroup lifted their target price on Southwestern Energy from $5.00 to $6.00 and gave the stock a “neutral” rating in a research report on Monday, August 13th. Johnson Rice lowered Southwestern Energy from a “buy” rating to an “accumulate” rating in a report on Wednesday, August 15th. Macquarie boosted their price objective on Southwestern Energy from $5.00 to $5.75 and gave the company a “neutral” rating in a report on Thursday, September 6th. Zacks Investment Research lowered Southwestern Energy from a “buy” rating to a “hold” rating in a report on Thursday, October 25th. Finally, MKM Partners assumed coverage on Southwestern Energy in a report on Wednesday. They issued a “buy” rating and a $6.00 price objective for the company. Seven research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the company’s stock. Southwestern Energy currently has an average rating of “Hold” and an average price target of $5.80.
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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 Marcellus Shale, an unconventional natural gas reservoir covering approximately 191,226 net acres in Northeast Appalachia; Marcellus Shale, Utica, and Upper Devonian unconventional natural gas and oil reservoirs covering approximately 290,291 net acres in Southwest Appalachia; and the Fayetteville Shale, an unconventional natural gas reservoir covering approximately 917,842 net acres in Arkansas.
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