Stoneridge Investment Partners LLC Has $3,104,000 Stake in Southwestern Energy Co. (SWN)
Stoneridge Investment Partners LLC decreased its position in shares of Southwestern Energy Co. (NYSE:SWN) by 25.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 246,760 shares of the energy company’s stock after selling 82,508 shares during the period. Stoneridge Investment Partners LLC’s holdings in Southwestern Energy were worth $3,104,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in SWN. Advisor Partners LLC increased its position in shares of Southwestern Energy by 11.9% in the first quarter. Advisor Partners LLC now owns 13,501 shares of the energy company’s stock worth $109,000 after buying an additional 1,435 shares in the last quarter. Simmons Bank acquired a new position in shares of Southwestern Energy during the first quarter worth approximately $113,000. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Southwestern Energy by 10.9% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 14,321 shares of the energy company’s stock worth $115,000 after buying an additional 1,402 shares in the last quarter. Howard Hughes Medical Institute acquired a new position in shares of Southwestern Energy during the first quarter worth approximately $129,000. Finally, AXA increased its position in shares of Southwestern Energy by 143.1% in the first quarter. AXA now owns 16,200 shares of the energy company’s stock worth $131,000 after buying an additional 9,536 shares in the last quarter. Institutional investors own 98.83% of the company’s stock.
Southwestern Energy Co. (NYSE:SWN) traded up 2.81% during trading on Tuesday, reaching $14.25. The company’s stock had a trading volume of 9,973,419 shares. The firm’s market capitalization is $5.52 billion. The stock has a 50-day moving average of $14.09 and a 200 day moving average of $12.26. Southwestern Energy Co. has a one year low of $5.00 and a one year high of $15.59.
Southwestern Energy (NYSE:SWN) last posted its quarterly earnings results on Friday, July 22nd. The energy company reported ($0.09) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.01. The business had revenue of $522 million for the quarter, compared to the consensus estimate of $517.49 million. Southwestern Energy had a negative return on equity of 1.99% and a negative net margin of 220.65%. On average, equities research analysts predict that Southwestern Energy Co. will post $0.05 EPS for the current fiscal year.
A number of brokerages recently commented on SWN. Barclays PLC restated an “underweight” rating and set a $8.00 target price (up previously from $7.00) on shares of Southwestern Energy in a report on Friday, July 1st. BMO Capital Markets reiterated a “hold” rating and issued a $18.00 price objective on shares of Southwestern Energy in a report on Friday, July 29th. Vetr upgraded Southwestern Energy from a “sell” rating to a “buy” rating and set a $13.70 price objective for the company in a report on Monday, June 13th. KLR Group increased their price objective on Southwestern Energy from $13.00 to $15.00 and gave the stock a “hold” rating in a report on Thursday, September 1st. Finally, Nomura reiterated a “neutral” rating and issued a $15.00 price objective (up previously from $13.00) on shares of Southwestern Energy in a report on Monday, July 25th. Five analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $12.44.
Southwestern Energy Company Profile
Southwestern Energy Company is an independent 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 are focused on the development of unconventional natural gas reservoirs located in Pennsylvania, West Virginia and Arkansas.
Want to see what other hedge funds are holding SWN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Southwestern Energy Co. (NYSE:SWN).
Receive News & Ratings for Southwestern Energy Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwestern Energy Co. and related companies with MarketBeat.com's FREE daily email newsletter.