State of New Jersey Common Pension Fund D increased its position in shares of Southwestern Energy Company (NYSE:SWN) by 1,111.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,270,000 shares of the energy company’s stock after buying an additional 3,000,000 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.66% of Southwestern Energy worth $19,882,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Cleararc Capital Inc. increased its stake in Southwestern Energy by 2.2% in the first quarter. Cleararc Capital Inc. now owns 12,185 shares of the energy company’s stock worth $100,000 after buying an additional 261 shares in the last quarter. Financial Counselors Inc. bought a new stake in Southwestern Energy during the first quarter worth approximately $101,000. Tudor Investment Corp ET AL bought a new stake in Southwestern Energy during the first quarter worth approximately $102,000. Pinnacle Associates Ltd. bought a new stake in Southwestern Energy during the first quarter worth approximately $103,000. Finally, Macquarie Group Ltd. increased its stake in Southwestern Energy by 25.3% in the fourth quarter. Macquarie Group Ltd. now owns 9,900 shares of the energy company’s stock worth $107,000 after buying an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 93.10% of the company’s stock.
Southwestern Energy Company (NYSE:SWN) traded up 2.92% during mid-day trading on Friday, reaching $5.28. The company had a trading volume of 18,364,416 shares. Southwestern Energy Company has a one year low of $5.00 and a one year high of $15.59. The company’s market capitalization is $2.63 billion. The stock has a 50 day moving average price of $5.65 and a 200 day moving average price of $6.98.
Southwestern Energy (NYSE:SWN) last released its quarterly earnings results on Thursday, August 3rd. The energy company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by $0.08. The company had revenue of $811 million for the quarter, compared to analyst estimates of $810 million. Southwestern Energy had a negative net margin of 9.46% and a positive return on equity of 25.19%. Southwestern Energy’s revenue for the quarter was up 55.4% on a year-over-year basis. During the same quarter last year, the firm posted ($0.09) EPS. On average, equities analysts expect that Southwestern Energy Company will post $0.55 earnings per share for the current fiscal year.
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SWN has been the subject of a number of recent analyst reports. Citigroup Inc. dropped their price objective on Southwestern Energy from $9.00 to $8.00 and set a “buy” rating for the company in a report on Friday, July 21st. Cowen and Company set a $9.00 price objective on Southwestern Energy and gave the company a “buy” rating in a report on Wednesday, July 19th. BMO Capital Markets reiterated a “buy” rating and issued a $8.00 price objective on shares of Southwestern Energy in a report on Tuesday, June 27th. National Securities reiterated a “buy” rating and issued a $14.00 price objective on shares of Southwestern Energy in a report on Monday, May 1st. Finally, Barclays PLC reiterated an “equal weight” rating and issued a $9.00 price objective (down previously from $10.00) on shares of Southwestern Energy in a report on Saturday, April 22nd. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $12.55.
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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