WESPAC Advisors LLC bought a new position in shares of Southwestern Energy Co. (NYSE:SWN) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 44,230 shares of the energy company’s stock, valued at approximately $556,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank bought a new position in Southwestern Energy during the fourth quarter worth about $51,387,000. Chevy Chase Trust Holdings Inc. increased its position in Southwestern Energy by 5.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 328,790 shares of the energy company’s stock worth $2,653,000 after buying an additional 18,214 shares during the last quarter. Quantitative Systematic Strategies LLC bought a new position in Southwestern Energy during the first quarter worth about $1,327,000. Aperio Group LLC increased its position in Southwestern Energy by 19.8% in the first quarter. Aperio Group LLC now owns 302,522 shares of the energy company’s stock worth $2,441,000 after buying an additional 49,973 shares during the last quarter. Finally, Nisa Investment Advisors L.L.C. increased its position in Southwestern Energy by 78.8% in the first quarter. Nisa Investment Advisors L.L.C. now owns 129,354 shares of the energy company’s stock worth $1,044,000 after buying an additional 57,000 shares during the last quarter. Institutional investors own 98.78% of the company’s stock.

Shares of Southwestern Energy Co. (NYSE:SWN) traded up 3.02% on Wednesday, reaching $14.68. 11,585,994 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $14.09 and a 200 day moving average price of $12.26. Southwestern Energy Co. has a one year low of $5.00 and a one year high of $15.59. The firm’s market cap is $5.69 billion.

Southwestern Energy (NYSE:SWN) last posted its quarterly earnings data on Friday, July 22nd. The energy company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. Southwestern Energy had a negative net margin of 220.65% and a negative return on equity of 1.99%. The firm had revenue of $522 million for the quarter, compared to analyst estimates of $517.49 million. Analysts expect that Southwestern Energy Co. will post $0.05 EPS for the current fiscal year.

A number of research analysts recently issued reports on SWN shares. Vetr downgraded shares of Southwestern Energy from a “strong-buy” rating to a “buy” rating and set a $13.92 target price on the stock. in a research report on Wednesday, May 25th. KLR Group downgraded shares of Southwestern Energy from an “accumulate” rating to a “hold” rating and set a $13.00 price objective on the stock. in a report on Tuesday, June 7th. Bank of America Corp. restated a “hold” rating and set a $16.00 price objective on shares of Southwestern Energy in a report on Friday, June 10th. Credit Suisse Group AG restated a “neutral” rating and set a $9.00 price objective (up previously from $8.00) on shares of Southwestern Energy in a report on Tuesday, June 14th. Finally, Barclays PLC upped their price objective on shares of Southwestern Energy from $6.00 to $7.00 and gave the stock an “underweight” rating in a report on Tuesday, June 14th. Five equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, four have assigned 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.

About Southwestern Energy

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.

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