Oppenheimer & Co. Inc. reduced its stake in shares of Southwestern Energy Co. (NYSE:SWN) by 0.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 261,425 shares of the energy company’s stock after selling 279 shares during the period. Oppenheimer & Co. Inc. owned 0.05% of Southwestern Energy worth $3,618,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Shell Asset Management Co. raised its stake in Southwestern Energy by 119.3% in the third quarter. Shell Asset Management Co. now owns 36,852 shares of the energy company’s stock valued at $510,000 after buying an additional 20,049 shares during the period. Seven Bridges Advisors LLC acquired a new stake in Southwestern Energy during the second quarter valued at $214,000. Babson Capital Management LLC acquired a new stake in Southwestern Energy during the first quarter valued at $1,106,000. Creative Planning raised its stake in Southwestern Energy by 50.6% in the second quarter. Creative Planning now owns 37,206 shares of the energy company’s stock valued at $468,000 after buying an additional 12,501 shares during the period. Finally, Oakbrook Investments LLC acquired a new stake in Southwestern Energy during the second quarter valued at $787,000. 97.65% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Southwestern Energy Co. (NYSE:SWN) traded down 2.07% on Wednesday, hitting $11.35. The stock had a trading volume of 29,272,619 shares. The stock has a 50 day moving average of $11.10 and a 200-day moving average of $13.01. The stock’s market cap is $5.55 billion. Southwestern Energy Co. has a 12 month low of $5.00 and a 12 month high of $15.59.

Southwestern Energy (NYSE:SWN) last posted its quarterly earnings data on Thursday, October 20th. The energy company reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.04. Southwestern Energy had a negative net margin of 187.25% and a negative return on equity of 2.58%. The company had revenue of $651 million for the quarter. During the same period in the previous year, the business posted $0.01 earnings per share. The firm’s quarterly revenue was down 13.1% compared to the same quarter last year. Equities research analysts anticipate that Southwestern Energy Co. will post ($0.01) EPS for the current year.

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SWN has been the subject of several research reports. GMP Securities initiated coverage on Southwestern Energy in a research report on Wednesday, September 28th. They issued a “hold” rating and a $11.00 target price for the company. National Securities reiterated a “buy” rating on shares of Southwestern Energy in a research report on Monday, October 24th. Mizuho initiated coverage on Southwestern Energy in a research report on Wednesday, October 5th. They issued a “buy” rating and a $20.00 target price for the company. Robert W. Baird upgraded Southwestern Energy from a “market perform” rating to an “outperform” rating and set a $18.00 target price for the company in a research report on Monday. Finally, KLR Group upgraded Southwestern Energy from a “hold” rating to an “accumulate” rating and set a $15.00 target price for the company in a research report on Tuesday, October 18th. Five investment analysts have rated the stock with a sell rating, twenty have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $13.03.

In related news, Director Gregory D. Kerley sold 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 20th. The stock was sold at an average price of $14.34, for a total transaction of $172,080.00. Following the completion of the transaction, the director now owns 312,064 shares of the company’s stock, valued at approximately $4,474,997.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.16% of the company’s stock.

Southwestern Energy Company Profile

Southwestern Energy Company is an independent 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 are focused on the development of unconventional natural gas reservoirs located in Pennsylvania, West Virginia and Arkansas.

5 Day Chart for NYSE:SWN

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