Southwestern Energy Co. (SWN) Shares Sold by Candriam Luxembourg S.C.A.
Candriam Luxembourg S.C.A. cut its stake in shares of Southwestern Energy Co. (NYSE:SWN) by 51.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 150,048 shares of the energy company’s stock after selling 156,147 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Southwestern Energy were worth $1,888,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the stock. Meiji Yasuda Asset Management Co Ltd. acquired a new position in Southwestern Energy during the first quarter worth $233,000. JVL Advisors L.L.C. boosted its position in Southwestern Energy by 2,188.0% in the first quarter. JVL Advisors L.L.C. now owns 57,200 shares of the energy company’s stock worth $462,000 after buying an additional 54,700 shares during the last quarter. Advisor Partners LLC boosted its position in 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 during the last quarter. Massmutual Trust Co. FSB ADV boosted its position in Southwestern Energy by 16.8% in the first quarter. Massmutual Trust Co. FSB ADV now owns 19,802 shares of the energy company’s stock worth $160,000 after buying an additional 2,848 shares during the last quarter. Finally, Tobam boosted its position in Southwestern Energy by 1,602.0% in the first quarter. Tobam now owns 3,758,033 shares of the energy company’s stock worth $30,328,000 after buying an additional 3,537,238 shares during the last quarter. 98.78% of the stock is owned by institutional investors and hedge funds.
Shares of Southwestern Energy Co. (NYSE:SWN) traded up 0.43% during trading on Monday, hitting $13.90. The company’s stock had a trading volume of 8,662,194 shares. Southwestern Energy Co. has a 52 week low of $5.00 and a 52 week high of $15.59. The firm’s 50 day moving average price is $14.06 and its 200-day moving average price is $12.66. The company’s market cap is $5.39 billion.
Southwestern Energy (NYSE:SWN) last announced its quarterly earnings data on Friday, July 22nd. The energy company reported ($0.09) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 company earned $522 million during the quarter, compared to analysts’ expectations of $517.49 million. On average, analysts predict that Southwestern Energy Co. will post $0.05 earnings per share for the current year.
A number of research firms recently weighed in on SWN. KLR Group cut Southwestern Energy from an “accumulate” rating to a “hold” rating and set a $13.00 price target for the company. in a report on Tuesday, June 7th. Bank of America Corp. reaffirmed a “hold” rating and issued a $16.00 price target on shares of Southwestern Energy in a report on Friday, June 10th. Vetr cut Southwestern Energy from a “hold” rating to a “sell” rating and set a $13.92 price target for the company. in a report on Monday, June 6th. BMO Capital Markets reaffirmed a “hold” rating and issued a $18.00 price target on shares of Southwestern Energy in a report on Friday, July 29th. Finally, Jefferies Group reaffirmed a “sell” rating on shares of Southwestern Energy in a report on Monday, August 1st. Five equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Southwestern Energy presently has an average rating of “Hold” and an average price target of $12.38.
In other news, Director Gregory D. Kerley sold 12,000 shares of the business’s stock in a transaction on Tuesday, September 20th. The shares were sold at an average price of $14.34, for a total transaction of $172,080.00. Following the completion of the sale, the director now directly owns 312,064 shares of the company’s stock, valued at approximately $4,474,997.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.16% of the company’s stock.
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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