Bessemer Group Inc. Has $867,000 Position in Southwestern Energy Company (SWN)
Bessemer Group Inc. boosted its position in shares of Southwestern Energy Company (NYSE:SWN) by 4.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 142,612 shares of the energy company’s stock after buying an additional 5,428 shares during the period. Bessemer Group Inc.’s holdings in Southwestern Energy were worth $867,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. UBS Asset Management Americas Inc. raised its stake in shares of Southwestern Energy by 5.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,350,731 shares of the energy company’s stock worth $14,615,000 after buying an additional 68,751 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of Southwestern Energy by 8.9% in the fourth quarter. Teachers Advisors LLC now owns 587,117 shares of the energy company’s stock worth $6,353,000 after buying an additional 48,021 shares in the last quarter. Macquarie Group Ltd. raised its stake in shares of Southwestern Energy by 25.3% in the fourth quarter. Macquarie Group Ltd. now owns 9,900 shares of the energy company’s stock worth $107,000 after buying an additional 2,000 shares in the last quarter. Chevy Chase Trust Holdings Inc. raised its stake in shares of Southwestern Energy by 3.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 431,131 shares of the energy company’s stock worth $3,522,000 after buying an additional 16,356 shares in the last quarter. Finally, Creative Planning raised its stake in shares of Southwestern Energy by 26.1% in the first quarter. Creative Planning now owns 25,448 shares of the energy company’s stock worth $208,000 after buying an additional 5,266 shares in the last quarter. 93.10% of the stock is owned by hedge funds and other institutional investors.
Shares of Southwestern Energy Company (NYSE:SWN) opened at 5.33 on Wednesday. The firm’s market cap is $2.66 billion. Southwestern Energy Company has a one year low of $5.00 and a one year high of $15.59. The company has a 50-day moving average of $5.72 and a 200 day moving average of $7.04.
Southwestern Energy (NYSE:SWN) last issued its earnings results on Thursday, August 3rd. The energy company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.08. Southwestern Energy had a positive return on equity of 25.19% and a negative net margin of 9.46%. The firm had revenue of $811 million for the quarter, compared to analysts’ expectations of $810 million. During the same quarter in the previous year, the firm posted ($0.09) EPS. The firm’s revenue for the quarter was up 55.4% compared to the same quarter last year. On average, equities research analysts expect that Southwestern Energy Company will post $0.55 EPS for the current fiscal year.
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A number of equities research analysts recently issued reports on SWN shares. Cowen and Company raised shares of Southwestern Energy from a “market perform” rating to an “outperform” rating and dropped their price objective for the company from $14.00 to $11.00 in a report on Wednesday, April 19th. Barclays PLC reissued an “equal weight” rating and issued a $9.00 price objective (down previously from $10.00) on shares of Southwestern Energy in a report on Saturday, April 22nd. National Securities reaffirmed a “buy” rating and set a $14.00 target price on shares of Southwestern Energy in a research note on Monday, May 1st. Iberia Capital increased their target price on shares of Southwestern Energy from $9.00 to $10.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 2nd. Finally, Royal Bank Of Canada set a $10.00 target price on shares of Southwestern Energy and gave the stock a “hold” rating in a research note on Saturday, June 10th. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $12.55.
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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