Rhumbline Advisers lowered its holdings in Southwestern Energy (NYSE:SWN – Free Report) by 1.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 3,139,031 shares of the energy company’s stock after selling 62,385 shares during the quarter. Rhumbline Advisers owned about 0.29% of Southwestern Energy worth $15,695,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Southwestern Energy by 7.9% in the 1st quarter. Vanguard Group Inc. now owns 128,222,158 shares of the energy company’s stock valued at $919,352,000 after acquiring an additional 9,410,861 shares during the last quarter. State Street Corp grew its stake in Southwestern Energy by 21.5% during the 1st quarter. State Street Corp now owns 55,933,972 shares of the energy company’s stock worth $401,047,000 after buying an additional 9,882,224 shares during the last quarter. Neuberger Berman Group LLC grew its stake in Southwestern Energy by 11.5% during the 4th quarter. Neuberger Berman Group LLC now owns 17,697,391 shares of the energy company’s stock worth $103,530,000 after buying an additional 1,828,033 shares during the last quarter. Kopernik Global Investors LLC grew its stake in Southwestern Energy by 20.1% during the 4th quarter. Kopernik Global Investors LLC now owns 15,737,164 shares of the energy company’s stock worth $92,062,000 after buying an additional 2,638,602 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Southwestern Energy by 6.0% during the 4th quarter. Geode Capital Management LLC now owns 15,237,943 shares of the energy company’s stock worth $89,141,000 after buying an additional 868,307 shares during the last quarter. Hedge funds and other institutional investors own 88.00% of the company’s stock.
Analyst Ratings Changes
A number of research firms recently issued reports on SWN. Stifel Nicolaus raised their price target on Southwestern Energy from $7.50 to $8.00 and gave the stock a “buy” rating in a research note on Friday, August 11th. Mizuho dropped their price target on Southwestern Energy from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 16th. Truist Financial increased their price objective on Southwestern Energy from $7.00 to $8.00 in a research report on Thursday, July 6th. Morgan Stanley reaffirmed an “equal weight” rating and set a $5.00 price objective on shares of Southwestern Energy in a research report on Wednesday, July 19th. Finally, UBS Group increased their price objective on Southwestern Energy from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Thursday, August 17th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $7.20.
Southwestern Energy Stock Performance
NYSE SWN opened at $6.78 on Friday. Southwestern Energy has a fifty-two week low of $4.57 and a fifty-two week high of $8.27. The stock has a market cap of $7.46 billion, a price-to-earnings ratio of 1.36 and a beta of 1.38. The business has a fifty day moving average of $6.24 and a 200-day moving average of $5.49. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.62.
Southwestern Energy (NYSE:SWN – Get Free Report) last released its earnings results on Friday, August 4th. The energy company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.07 by $0.02. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.50 billion. Southwestern Energy had a return on equity of 23.55% and a net margin of 48.82%. The business’s quarterly revenue was down 69.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.33 earnings per share. As a group, analysts predict that Southwestern Energy will post 0.64 earnings per share for the current fiscal year.
Southwestern Energy Company Profile
Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas, oil, and natural gas liquids (NGLs) in the United States. It operates through two segments, Exploration and Production, and Marketing. The company focuses on the development of unconventional natural gas and oil reservoirs located in Pennsylvania, West Virginia, Ohio, and Louisiana.
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