Citigroup Inc. lessened its position in shares of Southwestern Energy (NYSE:SWN – Free Report) by 33.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 764,864 shares of the energy company’s stock after selling 378,614 shares during the period. Citigroup Inc.’s holdings in Southwestern Energy were worth $4,597,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the company. Toroso Investments LLC grew its holdings in shares of Southwestern Energy by 401.4% in the 1st quarter. Toroso Investments LLC now owns 390,616 shares of the energy company’s stock valued at $1,953,000 after acquiring an additional 312,714 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Southwestern Energy by 126.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 102,129 shares of the energy company’s stock valued at $614,000 after acquiring an additional 56,983 shares in the last quarter. Fifth Third Wealth Advisors LLC bought a new position in shares of Southwestern Energy in the 2nd quarter valued at about $179,000. New Mexico Educational Retirement Board grew its holdings in shares of Southwestern Energy by 14.3% in the 1st quarter. New Mexico Educational Retirement Board now owns 199,900 shares of the energy company’s stock valued at $1,000,000 after acquiring an additional 25,000 shares in the last quarter. Finally, Veritable L.P. grew its holdings in shares of Southwestern Energy by 50.5% in the 2nd quarter. Veritable L.P. now owns 16,593 shares of the energy company’s stock valued at $100,000 after acquiring an additional 5,569 shares in the last quarter. Institutional investors own 88.00% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the company. Bank of America lifted their price target on Southwestern Energy from $14.00 to $15.00 in a report on Wednesday, September 27th. Truist Financial lifted their price target on Southwestern Energy from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Monday, November 6th. Citigroup raised their price objective on shares of Southwestern Energy from $6.50 to $7.00 and gave the stock a “neutral” rating in a research report on Monday, August 7th. The Goldman Sachs Group raised their price objective on shares of Southwestern Energy from $5.00 to $5.50 and gave the stock a “sell” rating in a research report on Wednesday, August 23rd. Finally, UBS Group raised their price objective on shares of Southwestern Energy from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Thursday, August 17th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Southwestern Energy presently has an average rating of “Hold” and a consensus price target of $7.81.
View Our Latest Research Report on SWN
Southwestern Energy Stock Up 1.6 %
NYSE SWN opened at $6.83 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.63. Southwestern Energy has a 1-year low of $4.57 and a 1-year high of $7.69. The company has a 50 day moving average of $6.71 and a 200-day moving average of $6.20. The company has a market cap of $7.52 billion, a price-to-earnings ratio of 1.47 and a beta of 1.39.
Southwestern Energy (NYSE:SWN – Get Free Report) last released its quarterly earnings results on Thursday, November 2nd. The energy company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. Southwestern Energy had a net margin of 62.31% and a return on equity of 14.13%. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.42 billion. On average, equities research analysts expect that Southwestern Energy will post 0.63 earnings per share for the current fiscal year.
About Southwestern Energy
Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas, oil, and natural gas liquids (NGLs) in the United States. It operates through two segments, Exploration and Production, and Marketing. The company focuses on the development of unconventional natural gas and oil reservoirs located in Pennsylvania, West Virginia, Ohio, and Louisiana.
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