Southwestern Energy Company (SWN) Position Reduced by Gotham Asset Management LLC
Gotham Asset Management LLC decreased its stake in shares of Southwestern Energy Company (NYSE:SWN) by 42.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,962 shares of the energy company’s stock after selling 52,113 shares during the period. Gotham Asset Management LLC’s holdings in Southwestern Energy were worth $580,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. BlackRock Inc. raised its position in Southwestern Energy by 2,582.8% in the first quarter. BlackRock Inc. now owns 31,270,589 shares of the energy company’s stock valued at $255,479,000 after buying an additional 30,105,011 shares in the last quarter. Norges Bank purchased a new position in Southwestern Energy during the fourth quarter valued at about $87,999,000. Vanguard Group Inc. raised its position in Southwestern Energy by 12.1% in the first quarter. Vanguard Group Inc. now owns 59,247,162 shares of the energy company’s stock valued at $484,049,000 after buying an additional 6,388,987 shares in the last quarter. FMR LLC raised its position in Southwestern Energy by 36.5% in the first quarter. FMR LLC now owns 22,332,221 shares of the energy company’s stock valued at $182,454,000 after buying an additional 5,969,258 shares in the last quarter. Finally, Snow Capital Management LP raised its position in Southwestern Energy by 49.4% in the first quarter. Snow Capital Management LP now owns 8,241,093 shares of the energy company’s stock valued at $67,330,000 after buying an additional 2,723,671 shares in the last quarter. 92.99% of the stock is currently owned by institutional investors.
Shares of Southwestern Energy Company (NYSE:SWN) traded up 1.15% during mid-day trading on Friday, reaching $5.28. 21,388,146 shares of the company traded hands. The stock’s 50-day moving average is $5.90 and its 200-day moving average is $7.33. Southwestern Energy Company has a 52 week low of $5.00 and a 52 week high of $15.59. The company’s market capitalization is $2.61 billion.
Southwestern Energy (NYSE:SWN) last issued its quarterly earnings results on Thursday, August 3rd. The energy company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by $0.08. The firm had revenue of $811 million for the quarter, compared to analysts’ expectations of $810 million. Southwestern Energy had a positive return on equity of 17.89% and a negative net margin of 43.91%. The business’s quarterly revenue was up 55.4% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.09) earnings per share. On average, equities analysts predict that Southwestern Energy Company will post $0.60 EPS for the current fiscal year.
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A number of equities research analysts have recently weighed in on SWN shares. BidaskClub raised shares of Southwestern Energy from a “strong sell” rating to a “sell” rating in a report on Thursday. Scotiabank set a $9.00 price objective on shares of Southwestern Energy and gave the company a “hold” rating in a report on Saturday, July 1st. Zacks Investment Research lowered shares of Southwestern Energy from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Royal Bank Of Canada reissued a “hold” rating and set a $10.00 price objective on shares of Southwestern Energy in a report on Friday, July 14th. Finally, Barclays PLC reissued a “hold” rating and set a $6.00 price objective on shares of Southwestern Energy in a report on Friday, July 7th. Five analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company’s stock. Southwestern Energy has an average rating of “Hold” and an average target price of $12.65.
About Southwestern Energy
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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