Pentwater Capital Management LP reduced its stake in SilverBow Resources, Inc. (NYSE:SBOW) by 6.2% during the third quarter, according to its most recent filing with the SEC. The fund owned 541,668 shares of the company’s stock after selling 36,081 shares during the quarter. Pentwater Capital Management LP owned 4.69% of SilverBow Resources worth $13,298,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Wells Fargo & Company MN raised its stake in SilverBow Resources by 2.3% in the 3rd quarter. Wells Fargo & Company MN now owns 292,404 shares of the company’s stock valued at $7,178,000 after acquiring an additional 6,628 shares during the period. Vanguard Group Inc. bought a new stake in SilverBow Resources in the 2nd quarter valued at about $4,637,000. State Street Corp bought a new stake in SilverBow Resources in the 2nd quarter valued at about $1,834,000. Northern Trust Corp bought a new stake in SilverBow Resources in the 2nd quarter valued at about $1,762,000. Finally, Goldman Sachs Group Inc. bought a new stake in SilverBow Resources in the 2nd quarter valued at about $1,530,000. 30.14% of the stock is currently owned by institutional investors.

In other SilverBow Resources news, CEO Sean C. Woolverton acquired 1,043 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was bought at an average price of $24.29 per share, with a total value of $25,334.47. Following the completion of the acquisition, the chief executive officer now owns 64,847 shares of the company’s stock, valued at $1,575,133.63. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Sean C. Woolverton acquired 1,119 shares of the business’s stock in a transaction dated Monday, October 16th. The shares were acquired at an average cost of $22.86 per share, with a total value of $25,580.34. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 5,504 shares of company stock worth $127,231.

Shares of SilverBow Resources, Inc. (NYSE SBOW) traded up $0.64 on Monday, hitting $23.46. The stock had a trading volume of 34,300 shares, compared to its average volume of 26,648. SilverBow Resources, Inc. has a 12-month low of $19.89 and a 12-month high of $35.70. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 1.50.

A number of brokerages recently issued reports on SBOW. BidaskClub upgraded SilverBow Resources from a “strong sell” rating to a “sell” rating in a research note on Friday, September 15th. Zacks Investment Research cut SilverBow Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Northland Securities initiated coverage on SilverBow Resources in a research report on Thursday, September 28th. They set an “outperform” rating and a $42.00 price target on the stock. Finally, Stephens initiated coverage on SilverBow Resources in a research report on Friday, September 29th. They set an “overweight” rating and a $28.00 price target on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. SilverBow Resources currently has a consensus rating of “Hold” and an average price target of $31.67.

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SilverBow Resources Company Profile

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Institutional Ownership by Quarter for SilverBow Resources (NYSE:SBOW)

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