Fisher Asset Management LLC lessened its holdings in Southwestern Energy (NYSE:SWN) by 6.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,955,856 shares of the energy company’s stock after selling 257,195 shares during the quarter. Fisher Asset Management LLC owned about 0.58% of Southwestern Energy worth $18,395,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Thompson Siegel & Walmsley LLC purchased a new position in shares of Southwestern Energy during the 4th quarter valued at approximately $25,000. Fruth Investment Management purchased a new position in shares of Southwestern Energy during the 4th quarter valued at approximately $31,000. Corient Capital Partners LLC purchased a new position in shares of Southwestern Energy during the 4th quarter valued at approximately $33,000. Mid Atlantic Financial Management Inc. ADV purchased a new position in Southwestern Energy in the 4th quarter valued at $36,000. Finally, ExodusPoint Capital Management LP purchased a new position in Southwestern Energy in the 4th quarter valued at $42,000. 98.21% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE SWN opened at $4.59 on Tuesday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 6.38. Southwestern Energy has a twelve month low of $2.18 and a twelve month high of $4.88. The stock has a 50 day moving average of $4.36 and a two-hundred day moving average of $3.67. The stock has a market cap of $3.11 billion, a P/E ratio of -0.86 and a beta of 1.53.
Southwestern Energy (NYSE:SWN) last issued its quarterly earnings data on Thursday, April 29th. The energy company reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.05. Southwestern Energy had a positive return on equity of 13.06% and a negative net margin of 127.97%. During the same period in the previous year, the company earned $0.10 earnings per share. As a group, research analysts predict that Southwestern Energy will post 0.32 earnings per share for the current year.
A number of analysts have issued reports on the company. Citigroup raised their target price on Southwestern Energy from $3.50 to $4.75 in a research note on Tuesday, March 23rd. Morgan Stanley lifted their price objective on Southwestern Energy from $4.50 to $5.00 and gave the company an “equal weight” rating in a research note on Monday, April 26th. Mizuho lifted their price objective on Southwestern Energy from $4.00 to $5.00 and gave the company a “neutral” rating in a research note on Tuesday, April 20th. Tudor Pickering upgraded Southwestern Energy from a “hold” rating to a “buy” rating and set a $5.00 price objective for the company in a research note on Tuesday, January 12th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their price objective on Southwestern Energy from $3.50 to $4.75 in a research note on Tuesday, March 23rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $4.29.
About Southwestern Energy
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, Ohio, and West Virginia.
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