Point72 Asset Management L.P. Lowers Holdings in Southwestern Energy (SWN)
Point72 Asset Management L.P. decreased its position in Southwestern Energy (NYSE:SWN) by 80.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,090,417 shares of the energy company’s stock after selling 4,541,420 shares during the period. Point72 Asset Management L.P. owned about 0.21% of Southwestern Energy worth $6,662,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Zacks Investment Management acquired a new stake in Southwestern Energy in the second quarter valued at $105,000. Cetera Investment Advisers acquired a new stake in Southwestern Energy in the second quarter valued at $108,000. MML Investors Services LLC grew its holdings in Southwestern Energy by 5.3% in the second quarter. MML Investors Services LLC now owns 17,941 shares of the energy company’s stock valued at $109,000 after purchasing an additional 900 shares during the last quarter. Sciencast Management LP acquired a new stake in Southwestern Energy in the second quarter valued at $126,000. Finally, HRT Financial LLC acquired a new stake in Southwestern Energy in the second quarter valued at $127,000. 88.71% of the stock is currently owned by institutional investors.
Shares of Southwestern Energy (NYSE SWN) opened at $5.11 on Monday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 2.66. Southwestern Energy has a 52 week low of $4.90 and a 52 week high of $11.36. The stock has a market capitalization of $2,618.50, a PE ratio of 12.78 and a beta of 1.23.
Southwestern Energy (NYSE:SWN) last issued its quarterly earnings results on Thursday, October 26th. The energy company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Southwestern Energy had a return on equity of 23.99% and a net margin of 16.31%. The business had revenue of $737.00 million during the quarter, compared to analyst estimates of $773.99 million. During the same period in the previous year, the business posted $0.03 earnings per share. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. equities analysts predict that Southwestern Energy will post 0.45 earnings per share for the current year.
SWN has been the topic of several research reports. Scotiabank set a $8.00 target price 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 research note on Thursday, September 14th. Barclays decreased their price objective on Southwestern Energy from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 11th. Piper Jaffray Companies set a $8.00 price objective on Southwestern Energy and gave the company a “hold” rating in a research note on Thursday, August 24th. Finally, Morgan Stanley increased their price objective on Southwestern Energy from $5.00 to $6.00 and gave the company an “underweight” rating in a research note on Wednesday, October 18th. Five equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $8.95.
COPYRIGHT VIOLATION WARNING: “Point72 Asset Management L.P. Lowers Holdings in Southwestern Energy (SWN)” was reported by Daily Political and is the property of of Daily Political. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://www.dailypolitical.com/2017/12/18/point72-asset-management-l-p-lowers-holdings-in-southwestern-energy-swn.html.
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.
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 (NYSE:SWN).
Receive News & Ratings for Southwestern Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwestern Energy and related companies with MarketBeat.com's FREE daily email newsletter.