Zurcher Kantonalbank Zurich Cantonalbank Sells 72,460 Shares of Southwestern Energy (NYSE:SWN)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its position in Southwestern Energy (NYSE:SWN) by 21.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 266,271 shares of the energy company’s stock after selling 72,460 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Southwestern Energy were worth $1,744,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Kimmeridge Energy Management Company LLC purchased a new position in shares of Southwestern Energy in the fourth quarter worth approximately $120,352,000. FMR LLC raised its stake in shares of Southwestern Energy by 32.3% in the third quarter. FMR LLC now owns 39,784,990 shares of the energy company’s stock worth $256,613,000 after buying an additional 9,709,483 shares during the period. Mackenzie Financial Corp lifted its position in shares of Southwestern Energy by 11,994.8% during the 3rd quarter. Mackenzie Financial Corp now owns 2,803,943 shares of the energy company’s stock valued at $17,132,000 after buying an additional 2,780,760 shares in the last quarter. Invesco Ltd. grew its stake 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 period. Finally, Chartwell Investment Partners LLC purchased a new stake in Southwestern Energy in the 3rd quarter worth approximately $10,257,000. 86.97% of the stock is currently owned by institutional investors.

Southwestern Energy Stock Up 2.8 %

Shares of NYSE:SWN opened at $7.60 on Thursday. The company has a market cap of $8.37 billion, a price-to-earnings ratio of 5.39 and a beta of 1.12. Southwestern Energy has a 12 month low of $4.57 and a 12 month high of $7.69. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.67. The company has a 50-day moving average price of $7.20 and a 200 day moving average price of $6.85.

Southwestern Energy (NYSE:SWN) last posted its quarterly earnings data on Thursday, February 22nd. The energy company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.04. The business had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.29 billion. Southwestern Energy had a return on equity of 11.74% and a net margin of 23.87%. The company’s revenue for the quarter was down 49.9% on a year-over-year basis. During the same period last year, the company earned $0.26 EPS. As a group, equities research analysts predict that Southwestern Energy will post 0.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on SWN shares. Seaport Res Ptn lowered shares of Southwestern Energy from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 31st. UBS Group increased their price target on Southwestern Energy from $6.00 to $6.25 and gave the stock a “neutral” rating in a research note on Thursday, January 18th. Piper Sandler reissued a “neutral” rating and issued a $7.00 price target (down from $8.00) on shares of Southwestern Energy in a report on Friday, April 19th. Citigroup boosted their target price on shares of Southwestern Energy from $8.00 to $8.24 and gave the stock a “buy” rating in a report on Friday, January 12th. Finally, Mizuho upgraded shares of Southwestern Energy from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $6.00 to $9.00 in a research report on Monday, February 26th. One 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, the company has an average rating of “Hold” and a consensus price target of $8.14.

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.