Ridgemont Partners Management LLC Cuts Stock Position in Southwestern Energy (NYSE:SWN)

Ridgemont Partners Management LLC lessened its holdings in shares of Southwestern Energy (NYSE:SWNGet Rating) by 61.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,211,004 shares of the energy company’s stock after selling 27,843,924 shares during the period. Southwestern Energy makes up 100.0% of Ridgemont Partners Management LLC’s portfolio, making the stock its biggest position. Ridgemont Partners Management LLC owned approximately 1.54% of Southwestern Energy worth $107,569,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of SWN. Raymond James Financial Services Advisors Inc. lifted its stake in Southwestern Energy by 63.7% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 59,813 shares of the energy company’s stock valued at $279,000 after acquiring an additional 23,280 shares in the last quarter. HighTower Advisors LLC bought a new stake in Southwestern Energy in the 4th quarter valued at approximately $131,000. Bank of Montreal Can lifted its stake in Southwestern Energy by 18.3% in the 4th quarter. Bank of Montreal Can now owns 323,500 shares of the energy company’s stock valued at $1,561,000 after acquiring an additional 50,002 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Southwestern Energy by 40.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,472,444 shares of the energy company’s stock valued at $44,142,000 after acquiring an additional 2,733,354 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Southwestern Energy by 55.1% in the 4th quarter. Geode Capital Management LLC now owns 17,069,592 shares of the energy company’s stock valued at $79,544,000 after acquiring an additional 6,064,292 shares in the last quarter. Institutional investors own 82.32% of the company’s stock.

Southwestern Energy Price Performance

Shares of SWN stock traded down $0.58 during trading on Friday, hitting $6.20. The company had a trading volume of 1,430,338 shares, compared to its average volume of 33,031,690. The firm has a market capitalization of $6.91 billion, a P/E ratio of -4.84 and a beta of 1.20. Southwestern Energy has a one year low of $3.81 and a one year high of $9.87. The company has a debt-to-equity ratio of 4.87, a quick ratio of 0.38 and a current ratio of 0.38. The stock’s 50-day moving average price is $7.18 and its 200 day moving average price is $7.19.

Southwestern Energy (NYSE:SWNGet Rating) last released its earnings results on Thursday, August 4th. The energy company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.02. The company had revenue of $4.14 billion for the quarter, compared to analyst estimates of $1.87 billion. Southwestern Energy had a positive return on equity of 165.90% and a negative net margin of 8.58%. Southwestern Energy’s quarterly revenue was up 294.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.19 EPS. Equities analysts expect that Southwestern Energy will post 1.46 EPS for the current fiscal year.

Southwestern Energy announced that its Board of Directors has authorized a share buyback program on Tuesday, June 21st that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the energy company to reacquire up to 13.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Mizuho lowered their price target on Southwestern Energy from $13.00 to $11.00 and set a “buy” rating on the stock in a research report on Tuesday, July 19th. Citigroup boosted their price target on Southwestern Energy from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday. Wells Fargo & Company raised Southwestern Energy from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $10.00 to $12.00 in a research report on Monday, July 11th. Piper Sandler boosted their price target on Southwestern Energy to $13.00 in a research report on Friday, June 3rd. Finally, Benchmark raised Southwestern Energy from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Wednesday, June 15th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $9.67.

Southwestern Energy Profile

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Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas, oil, and natural gas liquids (NGLs) in the United States. It operates through two segments, Exploration and Production, and Marketing. The company focuses on the development of unconventional natural gas and oil reservoirs located in Pennsylvania, West Virginia, Ohio, and Louisiana.

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Institutional Ownership by Quarter for Southwestern Energy (NYSE:SWN)

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