US Bancorp DE grew its holdings in shares of Southwestern Energy (NYSE:SWN – Free Report) by 6.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 201,753 shares of the energy company’s stock after purchasing an additional 12,569 shares during the quarter. US Bancorp DE’s holdings in Southwestern Energy were worth $1,321,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. FMR LLC boosted its stake in Southwestern Energy by 32.3% during the 3rd quarter. FMR LLC now owns 39,784,990 shares of the energy company’s stock worth $256,613,000 after purchasing an additional 9,709,483 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Southwestern Energy by 7.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 29,332,203 shares of the energy company’s stock valued at $192,133,000 after acquiring an additional 1,924,108 shares during the last quarter. Invesco Ltd. boosted its position in shares of Southwestern Energy by 13.7% during the 3rd quarter. Invesco Ltd. now owns 22,735,475 shares of the energy company’s stock valued at $146,644,000 after acquiring an additional 2,744,656 shares during the last quarter. Kimmeridge Energy Management Company LLC acquired a new position in shares of Southwestern Energy during the 4th quarter valued at about $120,352,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Southwestern Energy by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,444,522 shares of the energy company’s stock valued at $68,412,000 after acquiring an additional 203,452 shares during the last quarter. Institutional investors and hedge funds own 86.97% of the company’s stock.
Southwestern Energy Stock Up 1.9 %
Shares of NYSE:SWN opened at $7.53 on Monday. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.62 and a quick ratio of 0.62. The firm has a market capitalization of $8.30 billion, a PE ratio of -4.33 and a beta of 1.12. The firm’s 50-day moving average is $7.43 and its two-hundred day moving average is $6.94. Southwestern Energy has a 1 year low of $4.72 and a 1 year high of $7.80.
Southwestern Energy (NYSE:SWN – Get Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The energy company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Southwestern Energy had a positive return on equity of 9.00% and a negative net margin of 32.93%. The firm’s revenue for the quarter was down 33.1% on a year-over-year basis. During the same quarter last year, the company earned $0.31 earnings per share. Analysts predict that Southwestern Energy will post 0.59 EPS for the current year.
Analysts Set New Price Targets
Several research analysts have recently weighed in on SWN shares. Scotiabank cut shares of Southwestern Energy from a “sector outperform” rating to a “sector perform” rating and boosted their price target for the company from $9.00 to $9.50 in a research report on Thursday, April 11th. Piper Sandler reissued a “neutral” rating and set a $7.00 price target (down previously from $8.00) on shares of Southwestern Energy in a research report on Friday, April 19th. Susquehanna boosted their price target on shares of Southwestern Energy from $7.50 to $8.00 and gave the company a “neutral” rating in a research report on Thursday, May 16th. StockNews.com began coverage on shares of Southwestern Energy in a research report on Thursday. They set a “hold” rating on the stock. Finally, Stifel Nicolaus boosted their price objective on shares of Southwestern Energy from $6.60 to $7.60 and gave the company a “hold” rating in a report on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Southwestern Energy presently has an average rating of “Hold” and an average price target of $8.25.
Read Our Latest Report on Southwestern Energy
Southwestern Energy Company Profile
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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Source: defenseworld.net
