OLD National Bancorp IN lowered its position in shares of Southwestern Energy (NYSE:SWN) by 2.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,616 shares of the energy company’s stock after selling 2,969 shares during the period. OLD National Bancorp IN’s holdings in Southwestern Energy were worth $463,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. FMR LLC grew its stake in shares of Southwestern Energy by 59.2% during the fourth quarter. FMR LLC now owns 78,005,226 shares of the energy company’s stock worth $265,998,000 after purchasing an additional 28,992,566 shares in the last quarter. BlackRock Inc. lifted its position in Southwestern Energy by 2.6% in the fourth quarter. BlackRock Inc. now owns 69,664,476 shares of the energy company’s stock valued at $237,557,000 after acquiring an additional 1,762,041 shares during the last quarter. Vanguard Group Inc. lifted its position in Southwestern Energy by 3.6% in the third quarter. Vanguard Group Inc. now owns 52,941,545 shares of the energy company’s stock valued at $270,531,000 after acquiring an additional 1,820,729 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Southwestern Energy by 15.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 30,097,406 shares of the energy company’s stock valued at $102,636,000 after acquiring an additional 4,004,463 shares during the last quarter. Finally, Norges Bank purchased a new stake in Southwestern Energy in the fourth quarter valued at $29,967,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Shares of SWN opened at $4.10 on Thursday. Southwestern Energy has a 1-year low of $3.23 and a 1-year high of $6.23. The firm has a market capitalization of $2.16 billion, a P/E ratio of 4.02 and a beta of 1.22. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.94 and a quick ratio of 0.94.

Southwestern Energy (NYSE:SWN) last announced its quarterly earnings results on Thursday, February 28th. The energy company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.03). Southwestern Energy had a net margin of 23.47% and a return on equity of 23.46%. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1 billion. As a group, sell-side analysts predict that Southwestern Energy will post 0.78 earnings per share for the current fiscal year.

A number of equities research analysts recently weighed in on SWN shares. Zacks Investment Research raised shares of Southwestern Energy from a “hold” rating to a “buy” rating and set a $4.50 price target for the company in a research report on Tuesday, February 12th. B. Riley set a $7.00 price target on shares of Southwestern Energy and gave the company a “buy” rating in a research report on Friday, January 18th. MKM Partners reissued a “neutral” rating and issued a $4.00 price target on shares of Southwestern Energy in a research report on Wednesday, January 16th. Mitsubishi UFJ Financial Group reduced their price target on shares of Southwestern Energy to $5.00 and set a “neutral” rating for the company in a research report on Friday, February 8th. Finally, Morgan Stanley set a $4.00 price target on shares of Southwestern Energy and gave the company a “sell” rating in a research report on Tuesday, January 29th. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $5.71.

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Southwestern Energy Profile

Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas and oil in the United States. It operates through two segments, Exploration and Production, and Midstream. The company focuses on the development of unconventional natural gas reservoirs located in Pennsylvania and West Virginia.

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

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