California Public Employees Retirement System boosted its position in SilverBow Resources Inc (NYSE:SBOW) by 25.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,906 shares of the company’s stock after acquiring an additional 1,797 shares during the quarter. California Public Employees Retirement System’s holdings in SilverBow Resources were worth $257,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of SBOW. Rhumbline Advisers acquired a new stake in SilverBow Resources during the second quarter worth approximately $211,000. Mackay Shields LLC acquired a new stake in SilverBow Resources during the second quarter worth approximately $219,000. Renaissance Technologies LLC acquired a new stake in SilverBow Resources during the second quarter worth approximately $329,000. Globeflex Capital L P raised its holdings in SilverBow Resources by 12.0% during the second quarter. Globeflex Capital L P now owns 15,790 shares of the company’s stock worth $456,000 after purchasing an additional 1,686 shares in the last quarter. Finally, Prescott Group Capital Management L.L.C. acquired a new stake in SilverBow Resources during the second quarter worth approximately $546,000. 81.19% of the stock is currently owned by hedge funds and other institutional investors.

SBOW stock opened at $26.03 on Friday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.31 and a current ratio of 0.31. SilverBow Resources Inc has a twelve month low of $22.05 and a twelve month high of $34.76. The company has a market cap of $326.09 million, a price-to-earnings ratio of 4.28 and a beta of 0.58.

SilverBow Resources (NYSE:SBOW) last released its quarterly earnings data on Tuesday, November 6th. The company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.64). SilverBow Resources had a return on equity of 20.00% and a net margin of 18.88%. The company had revenue of $65.03 million for the quarter, compared to analyst estimates of $61.10 million. As a group, analysts predict that SilverBow Resources Inc will post 5.47 earnings per share for the current year.

A number of research firms have weighed in on SBOW. Zacks Investment Research raised shares of SilverBow Resources from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a report on Thursday. ValuEngine cut shares of SilverBow Resources from a “hold” rating to a “sell” rating in a report on Thursday, September 13th. Finally, SunTrust Banks cut shares of SilverBow Resources from a “buy” rating to a “hold” rating and cut their price objective for the stock from $37.00 to $30.00 in a report on Monday, September 24th.

In other news, Director Marcus C. Rowland sold 12,000 shares of the firm’s stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $28.71, for a total transaction of $344,520.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have bought 1,870 shares of company stock worth $52,321. Insiders own 2.40% of the company’s stock.

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SilverBow Resources Profile

SilverBow Resources, Inc, an energy company, engages in the exploration, development, and production of oil and gas from the Eagle Ford Shale in South Texas. As of December 31, 2017, it had proved reserves of 1.0 trillion cubic feet equivalent. The company was formerly known as Swift Energy Company and changed its name to SilverBow Resources, Inc in May 2017.

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

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