Axa raised its position in shares of Southwestern Energy Company (NYSE:SWN) by 766.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 482,500 shares of the energy company’s stock after buying an additional 426,800 shares during the period. Axa owned about 0.10% of Southwestern Energy worth $2,933,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Whittier Trust Co. increased its holdings in shares of Southwestern Energy by 2.4% in the second quarter. Whittier Trust Co. now owns 71,533 shares of the energy company’s stock valued at $435,000 after purchasing an additional 1,701 shares in the last quarter. UBS Oconnor LLC increased its holdings in shares of Southwestern Energy by 294.0% in the first quarter. UBS Oconnor LLC now owns 857,670 shares of the energy company’s stock valued at $7,007,000 after purchasing an additional 640,014 shares in the last quarter. Airain ltd increased its holdings in shares of Southwestern Energy by 4.6% in the second quarter. Airain ltd now owns 423,311 shares of the energy company’s stock valued at $2,574,000 after purchasing an additional 18,730 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Southwestern Energy by 2,582.8% in the first quarter. BlackRock Inc. now owns 31,270,589 shares of the energy company’s stock valued at $255,479,000 after purchasing an additional 30,105,011 shares in the last quarter. Finally, Ngam Advisors L.P. increased its holdings in shares of Southwestern Energy by 75.0% in the first quarter. Ngam Advisors L.P. now owns 42,849 shares of the energy company’s stock valued at $350,000 after purchasing an additional 18,370 shares in the last quarter. 89.50% of the stock is owned by institutional investors.
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Southwestern Energy Company (NYSE:SWN) opened at 6.03 on Tuesday. Southwestern Energy Company has a 12 month low of $5.00 and a 12 month high of $14.98. The company’s market capitalization is $3.00 billion. The stock’s 50 day moving average is $5.43 and its 200-day moving average is $6.51.
Southwestern Energy (NYSE:SWN) last posted its quarterly earnings data on Thursday, August 3rd. The energy company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.08). The firm had revenue of $811.00 million for the quarter, compared to analyst estimates of $810.00 million. Southwestern Energy had a positive return on equity of 25.19% and a negative net margin of 9.46%. The company’s quarterly revenue was up 55.4% compared to the same quarter last year. During the same quarter last year, the company earned ($0.09) earnings per share. On average, analysts expect that Southwestern Energy Company will post $0.54 EPS for the current year.
A number of analysts recently weighed in on SWN shares. BidaskClub lowered shares of Southwestern Energy from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Stifel Nicolaus reissued a “buy” rating on shares of Southwestern Energy in a report on Thursday, September 14th. Cowen and Company set a $9.00 price target on shares of Southwestern Energy and gave the company a “buy” rating in a report on Wednesday, July 19th. Piper Jaffray Companies set a $8.00 price target on shares of Southwestern Energy and gave the company a “hold” rating in a report on Thursday, August 24th. Finally, Citigroup Inc. lowered their price target on shares of Southwestern Energy from $9.00 to $8.00 and set a “buy” rating for the company in a report on Friday, July 21st. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $12.24.
Southwestern Energy Profile
Southwestern Energy Company is an energy company engaged in natural gas and oil exploration, development and production. The Company operates through two segments: Exploration and Production (E&P) and Midstream Services. Its operations in northeast Pennsylvania are primarily focused on the unconventional natural gas reservoir known as the Marcellus Shale.
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