QRG Capital Management Inc. Acquires 3,373 Shares of Southwestern Energy (NYSE:SWN)

QRG Capital Management Inc. boosted its holdings in shares of Southwestern Energy (NYSE:SWNFree Report) by 12.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,385 shares of the energy company’s stock after purchasing an additional 3,373 shares during the quarter. QRG Capital Management Inc.’s holdings in Southwestern Energy were worth $199,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust lifted its stake in Southwestern Energy by 481.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 4,655 shares of the energy company’s stock worth $30,000 after purchasing an additional 3,854 shares in the last quarter. Quantbot Technologies LP bought a new position in Southwestern Energy during the third quarter valued at approximately $39,000. Lindbrook Capital LLC grew its holdings in Southwestern Energy by 30.2% during the 4th quarter. Lindbrook Capital LLC now owns 6,747 shares of the energy company’s stock valued at $44,000 after buying an additional 1,564 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Southwestern Energy by 555.0% during the 4th quarter. International Assets Investment Management LLC now owns 7,624 shares of the energy company’s stock valued at $50,000 after buying an additional 6,460 shares in the last quarter. Finally, Headlands Technologies LLC increased its stake in Southwestern Energy by 244.2% in the 3rd quarter. Headlands Technologies LLC now owns 8,420 shares of the energy company’s stock worth $54,000 after acquiring an additional 5,974 shares during the last quarter. 86.97% of the stock is owned by hedge funds and other institutional investors.

Southwestern Energy Stock Down 1.3 %

NYSE SWN opened at $7.45 on Wednesday. Southwestern Energy has a 12 month low of $4.72 and a 12 month high of $7.80. The company’s 50-day moving average price is $7.40 and its 200-day moving average price is $6.90. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.62 and a current ratio of 0.62.

Southwestern Energy (NYSE:SWNGet Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The energy company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.01). The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.29 billion. Southwestern Energy had a negative net margin of 32.93% and a positive return on equity of 9.00%. The business’s revenue was down 33.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.31 EPS. As a group, sell-side analysts expect that Southwestern Energy will post 0.59 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Piper Sandler reiterated a “neutral” rating and set a $7.00 target price (down from $8.00) on shares of Southwestern Energy in a research report on Friday, April 19th. Scotiabank downgraded shares of Southwestern Energy from a “sector outperform” rating to a “sector perform” rating and boosted their target price for the stock from $9.00 to $9.50 in a report on Thursday, April 11th. Seaport Res Ptn downgraded shares of Southwestern Energy from a “buy” rating to a “neutral” rating in a report on Wednesday, January 31st. Stifel Nicolaus boosted their price objective on Southwestern Energy from $6.60 to $7.60 and gave the stock a “hold” rating in a research note on Tuesday, April 23rd. Finally, Susquehanna raised their price objective on Southwestern Energy from $7.50 to $8.00 and gave the company a “neutral” rating in a research note on Thursday, May 16th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Southwestern Energy currently has a consensus rating of “Hold” and an average price target of $8.25.

Get Our Latest Stock Analysis on SWN

Southwestern Energy Profile

(Free Report)

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

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