Southwestern Energy (SWN) Shares Sold by Patten Group Inc.
Patten Group Inc. lessened its holdings in shares of Southwestern Energy (NYSE:SWN) by 69.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 5,053 shares of the energy company’s stock after selling 11,697 shares during the period. Patten Group Inc.’s holdings in Southwestern Energy were worth $113,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Cornerstone Capital Management Holdings LLC. raised its holdings in Southwestern Energy by 784.8% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 930,490 shares of the energy company’s stock valued at $5,684,000 after acquiring an additional 825,332 shares in the last quarter. Castleton Investment Management LLC raised its holdings in Southwestern Energy by 107.9% in the 3rd quarter. Castleton Investment Management LLC now owns 1,002,004 shares of the energy company’s stock valued at $6,122,000 after acquiring an additional 520,000 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in Southwestern Energy by 1.8% in the 3rd quarter. Allianz Asset Management GmbH now owns 3,343,082 shares of the energy company’s stock valued at $20,426,000 after acquiring an additional 60,377 shares in the last quarter. Graticule Asia Macro Advisors LLC acquired a new position in Southwestern Energy in the 3rd quarter valued at approximately $2,047,000. Finally, Convergence Investment Partners LLC acquired a new position in Southwestern Energy in the 3rd quarter valued at approximately $843,000. 88.71% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have commented on SWN shares. Scotiabank set a $8.00 price target on Southwestern Energy and gave the company a “hold” rating in a report on Saturday, October 21st. Stifel Nicolaus reaffirmed a “buy” rating on shares of Southwestern Energy in a report on Thursday, September 14th. Barclays cut their price target on Southwestern Energy from $6.00 to $5.00 and set an “equal weight” rating for the company in a report on Wednesday, October 11th. Piper Jaffray Companies set a $8.00 target price on Southwestern Energy and gave the stock a “hold” rating in a report on Thursday, August 24th. Finally, Morgan Stanley increased their target price on Southwestern Energy from $5.00 to $6.00 and gave the stock an “underweight” rating in a report on Wednesday, October 18th. Five equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the company. Southwestern Energy presently has an average rating of “Hold” and a consensus target price of $8.95.
Southwestern Energy (NYSE SWN) traded up $0.01 during midday trading on Thursday, reaching $5.55. The company had a trading volume of 16,847,200 shares, compared to its average volume of 17,605,713. The company has a market cap of $2,838.84, a price-to-earnings ratio of 13.85 and a beta of 1.23. Southwestern Energy has a 1-year low of $4.90 and a 1-year high of $11.57. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.88 and a current ratio of 1.88.
Southwestern Energy (NYSE:SWN) last released its quarterly earnings results on Thursday, October 26th. The energy company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.01). The business had revenue of $737.00 million for the quarter, compared to the consensus estimate of $773.99 million. Southwestern Energy had a return on equity of 23.99% and a net margin of 16.31%. The firm’s revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the company earned $0.03 earnings per share. research analysts anticipate that Southwestern Energy will post 0.45 earnings per share for the current year.
Southwestern Energy Company Profile
Southwestern Energy Company is an 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 in northeast Pennsylvania are primarily focused on the unconventional natural gas reservoir known as the Marcellus Shale.
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