Macquarie Group Ltd. increased its stake in Southwestern Energy (NYSE:SWN) by 5,135.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 235,600 shares of the energy company’s stock after purchasing an additional 231,100 shares during the period. Macquarie Group Ltd.’s holdings in Southwestern Energy were worth $1,204,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Mutual of America Capital Management LLC grew its holdings in Southwestern Energy by 13.9% during the 3rd quarter. Mutual of America Capital Management LLC now owns 501,142 shares of the energy company’s stock worth $2,561,000 after acquiring an additional 61,327 shares during the period. PNC Financial Services Group Inc. grew its holdings in Southwestern Energy by 1,723.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,516,216 shares of the energy company’s stock worth $7,747,000 after acquiring an additional 1,433,049 shares during the period. BlackRock Inc. grew its holdings in Southwestern Energy by 34.5% during the 2nd quarter. BlackRock Inc. now owns 61,871,297 shares of the energy company’s stock worth $327,918,000 after acquiring an additional 15,866,736 shares during the period. US Bancorp DE grew its holdings in Southwestern Energy by 222.5% during the 2nd quarter. US Bancorp DE now owns 23,962 shares of the energy company’s stock worth $127,000 after acquiring an additional 16,533 shares during the period. Finally, BlueMountain Capital Management LLC grew its holdings in Southwestern Energy by 290.0% during the 2nd quarter. BlueMountain Capital Management LLC now owns 167,089 shares of the energy company’s stock worth $886,000 after acquiring an additional 124,248 shares during the period. Hedge funds and other institutional investors own 96.89% of the company’s stock.
A number of research firms have commented on SWN. Bank of America lowered shares of Southwestern Energy from a “neutral” rating to an “underperform” rating in a report on Friday, January 4th. Capital One Financial lowered shares of Southwestern Energy from an “overweight” rating to an “underweight” rating in a report on Thursday, December 20th. MKM Partners began coverage on shares of Southwestern Energy in a report on Wednesday, December 5th. They set a “buy” rating and a $6.00 target price for the company. Zacks Investment Research lowered shares of Southwestern Energy from a “buy” rating to a “hold” rating in a report on Thursday, November 29th. Finally, Morgan Stanley set a $4.00 price target on shares of Southwestern Energy and gave the company a “sell” rating in a report on Friday, October 12th. Nine equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $5.80.
Shares of SWN stock opened at $4.11 on Wednesday. Southwestern Energy has a 12-month low of $3.23 and a 12-month high of $6.23. The firm has a market capitalization of $2.27 billion, a PE ratio of 9.34 and a beta of 0.95. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.69 and a quick ratio of 0.69.
Southwestern Energy (NYSE:SWN) last announced its earnings results on Thursday, October 25th. The energy company reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.04. The firm had revenue of $951.00 million during the quarter, compared to analyst estimates of $889.13 million. Southwestern Energy had a net margin of 14.22% and a return on equity of 22.07%. Equities analysts expect that Southwestern Energy will post 1 EPS for the current fiscal year.
In related news, SVP Jennifer N. Mccauley sold 10,850 shares of the company’s stock in a transaction on Tuesday, November 6th. The shares were sold at an average price of $5.88, for a total value of $63,798.00. Following the completion of the transaction, the senior vice president now directly owns 30,799 shares of the company’s stock, valued at approximately $181,098.12. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.70% of the stock is currently owned by corporate insiders.
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About Southwestern Energy
Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas and oil in the United States. It operates through two segments, Exploration and Production, and Midstream. The company focuses on the Marcellus Shale, an unconventional natural gas reservoir covering approximately 191,226 net acres in Northeast Appalachia; Marcellus Shale, Utica, and Upper Devonian unconventional natural gas and oil reservoirs covering approximately 290,291 net acres in Southwest Appalachia; and the Fayetteville Shale, an unconventional natural gas reservoir covering approximately 917,842 net acres in Arkansas.
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