Belpointe Asset Management LLC purchased a new position in shares of Southwestern Energy (NYSE:SWN – Get Rating) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 18,433 shares of the energy company’s stock, valued at approximately $108,000.
Other institutional investors have also recently made changes to their positions in the company. Profund Advisors LLC increased its position in shares of Southwestern Energy by 47.1% during the 3rd quarter. Profund Advisors LLC now owns 94,859 shares of the energy company’s stock worth $581,000 after purchasing an additional 30,365 shares during the last quarter. CWM LLC increased its position in shares of Southwestern Energy by 109.8% during the 3rd quarter. CWM LLC now owns 8,230 shares of the energy company’s stock worth $50,000 after purchasing an additional 4,307 shares during the last quarter. Veritable L.P. acquired a new position in shares of Southwestern Energy during the 3rd quarter worth approximately $85,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Southwestern Energy by 55.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 176,188 shares of the energy company’s stock worth $1,078,000 after purchasing an additional 63,008 shares during the last quarter. Finally, Park National Corp OH acquired a new position in shares of Southwestern Energy during the 4th quarter worth approximately $70,000. Institutional investors and hedge funds own 82.26% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have weighed in on SWN shares. Benchmark lowered Southwestern Energy from a “buy” rating to a “hold” rating in a research report on Monday, January 23rd. Piper Sandler decreased their target price on Southwestern Energy from $9.00 to $8.00 and set an “overweight” rating on the stock in a report on Wednesday, April 19th. Truist Financial decreased their target price on Southwestern Energy from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Monday, February 27th. The Goldman Sachs Group decreased their target price on Southwestern Energy from $7.50 to $6.50 and set a “neutral” rating on the stock in a report on Wednesday, January 25th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $9.00 target price on shares of Southwestern Energy in a report on Tuesday, March 7th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $7.94.
Southwestern Energy Stock Performance
Southwestern Energy (NYSE:SWN – Get Rating) last released its earnings results on Friday, April 28th. The energy company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. The firm had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.36 billion. Southwestern Energy had a return on equity of 41.76% and a net margin of 45.59%. The company’s revenue was down 28.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.40 EPS. As a group, equities analysts anticipate that Southwestern Energy will post 0.7 EPS for the current fiscal year.
About Southwestern Energy
Southwestern Energy Co is a holding company, which engages in the exploration, development, and production of natural gas, oil, and natural gas liquids (NGLs). It operates through the Exploration and Production (E&P), and Marketing segments. The E&P segment includes operations in northeast Pennsylvania, West Virginia, and southwest Pennsylvania, The Marketing segment deals in the marketing and transportation of natural gas, oil and NGLs primarily produced in E&P.
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