Van ECK Associates Corp Sells 2,682 Shares of Southwestern Energy Company (SWN)

Van ECK Associates Corp reduced its position in Southwestern Energy Company (NYSE:SWN) by 4.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,138 shares of the energy company’s stock after selling 2,682 shares during the period. Van ECK Associates Corp’s holdings in Southwestern Energy Company were worth $442,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Thrivent Financial for Lutherans boosted its stake in shares of Southwestern Energy Company by 4.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 16,680 shares of the energy company’s stock valued at $180,000 after buying an additional 650 shares during the period. Comerica Bank boosted its stake in shares of Southwestern Energy Company by 0.8% in the first quarter. Comerica Bank now owns 152,631 shares of the energy company’s stock valued at $1,171,000 after buying an additional 1,149 shares during the period. Advisory Research Inc. boosted its stake in shares of Southwestern Energy Company by 6.1% in the fourth quarter. Advisory Research Inc. now owns 20,281 shares of the energy company’s stock valued at $219,000 after buying an additional 1,168 shares during the period. GLG LLC raised its stake in shares of Southwestern Energy Company by 6.8% in the fourth quarter. GLG LLC now owns 20,281 shares of the energy company’s stock valued at $220,000 after buying an additional 1,289 shares in the last quarter. Finally, Mason Street Advisors LLC raised its stake in shares of Southwestern Energy Company by 2.5% in the first quarter. Mason Street Advisors LLC now owns 68,815 shares of the energy company’s stock valued at $562,000 after buying an additional 1,678 shares in the last quarter. Institutional investors own 93.69% of the company’s stock.

Institutional Ownership by Quarter for Southwestern Energy Company (NYSE:SWN)

Shares of Southwestern Energy Company (NYSE:SWN) traded down 2.73% on Tuesday, reaching $5.71. 8,354,656 shares of the company’s stock traded hands. The firm’s market capitalization is $2.83 billion. The company has a 50 day moving average price of $6.68 and a 200 day moving average price of $8.42. Southwestern Energy Company has a 52 week low of $5.58 and a 52 week high of $15.59.

Southwestern Energy Company (NYSE:SWN) last posted its earnings results on Thursday, April 27th. The energy company reported $0.18 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. The company had revenue of $846 million during the quarter, compared to the consensus estimate of $765.03 million. Southwestern Energy Company had a negative net margin of 43.91% and a positive return on equity of 17.89%. The company’s revenue for the quarter was up 46.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.08) earnings per share. On average, equities research analysts predict that Southwestern Energy Company will post $0.68 earnings per share for the current fiscal year.

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Several brokerages have recently commented on SWN. Royal Bank Of Canada set a $10.00 price objective on Southwestern Energy Company and gave the company a “hold” rating in a report on Saturday, June 10th. Iberia Capital increased their price target on Southwestern Energy Company from $9.00 to $10.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 2nd. National Securities reaffirmed a “buy” rating and set a $14.00 price target on shares of Southwestern Energy Company in a research report on Monday, May 1st. Barclays PLC reaffirmed an “equal weight” rating and set a $9.00 price target (down from $10.00) on shares of Southwestern Energy Company in a research report on Saturday, April 22nd. Finally, Cowen and Company upgraded Southwestern Energy Company from a “market perform” rating to an “outperform” rating and dropped their target price for the company from $14.00 to $11.00 in a research report on Wednesday, April 19th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Southwestern Energy Company presently has an average rating of “Hold” and a consensus target price of $13.94.

Southwestern Energy Company Company Profile

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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