Whittier Trust Co. raised its stake in Southwestern Energy Company (NYSE:SWN) by 2.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 71,533 shares of the energy company’s stock after buying an additional 1,701 shares during the period. Whittier Trust Co.’s holdings in Southwestern Energy were worth $435,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of SWN. Cleararc Capital Inc. increased its position in shares of Southwestern Energy by 2.2% in the first quarter. Cleararc Capital Inc. now owns 12,185 shares of the energy company’s stock valued at $100,000 after buying an additional 261 shares in the last quarter. Financial Counselors Inc. acquired a new position in shares of Southwestern Energy during the first quarter valued at approximately $101,000. Tudor Investment Corp ET AL purchased a new stake in Southwestern Energy during the first quarter valued at about $102,000. Pinnacle Associates Ltd. purchased a new stake in Southwestern Energy during the first quarter valued at about $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 valued at $107,000 after buying an additional 2,000 shares during the period. Institutional investors own 93.10% of the company’s stock.
Shares of Southwestern Energy Company (NYSE SWN) traded up 2.92% during trading on Friday, reaching $5.28. The company’s stock had a trading volume of 18,364,416 shares. The stock’s 50-day moving average is $5.65 and its 200-day moving average is $6.98. Southwestern Energy Company has a 12-month low of $5.00 and a 12-month high of $15.59. The stock’s market cap is $2.63 billion.
Southwestern Energy (NYSE:SWN) last issued its quarterly earnings results on Thursday, August 3rd. The energy company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.08. Southwestern Energy had a positive return on equity of 25.19% and a negative net margin of 9.46%. The firm had revenue of $811 million for the quarter, compared to the consensus estimate of $810 million. During the same period last year, the firm earned ($0.09) EPS. The company’s revenue for the quarter was up 55.4% on a year-over-year basis. Equities research analysts anticipate that Southwestern Energy Company will post $0.55 earnings per share for the current fiscal year.
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Several research firms recently issued reports on SWN. Citigroup Inc. reduced their price target on Southwestern Energy from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, July 21st. Royal Bank Of Canada restated a “hold” rating and issued a $10.00 price target on shares of Southwestern Energy in a research note on Friday, July 14th. Barclays PLC restated a “hold” rating and issued a $6.00 price target on shares of Southwestern Energy in a research note on Friday, July 7th. National Securities restated a “buy” rating and issued a $14.00 price target on shares of Southwestern Energy in a research note on Monday, May 1st. Finally, BidaskClub downgraded Southwestern Energy from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Five research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price 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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