Seven Eight Capital LP bought a new position in shares of Southwestern Energy (NYSE:SWN) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 269,880 shares of the energy company’s stock, valued at approximately $1,379,000.
Several other institutional investors also recently bought and sold shares of SWN. Fox Run Management L.L.C. bought a new position in Southwestern Energy in the 3rd quarter valued at $101,000. Nisa Investment Advisors LLC raised its position in Southwestern Energy by 2,836.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 20,705 shares of the energy company’s stock valued at $110,000 after purchasing an additional 20,000 shares during the last quarter. US Bancorp DE raised its position in Southwestern Energy by 222.5% in the 2nd quarter. US Bancorp DE now owns 23,962 shares of the energy company’s stock valued at $127,000 after purchasing an additional 16,533 shares during the last quarter. LPL Financial LLC bought a new position in Southwestern Energy in the 1st quarter valued at $152,000. Finally, Creative Planning bought a new position in Southwestern Energy in the 2nd quarter valued at $169,000. Institutional investors and hedge funds own 90.90% of the company’s stock.
Shares of Southwestern Energy stock traded down $0.06 during trading on Friday, reaching $5.39. 22,168,600 shares of the company were exchanged, compared to its average volume of 20,319,322. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.62. Southwestern Energy has a twelve month low of $3.42 and a twelve month high of $6.63. The stock has a market cap of $3.38 billion, a PE ratio of 12.25 and a beta of 0.65.
In related news, SVP Jennifer N. Mccauley sold 10,850 shares of Southwestern Energy stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $5.88, for a total transaction of $63,798.00. Following the completion of the sale, the senior vice president now directly owns 30,799 shares of the company’s stock, valued at $181,098.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.70% of the stock is owned by insiders.
Several equities analysts have issued reports on SWN shares. Zacks Investment Research reiterated a “buy” rating and issued a $5.75 price objective on shares of Southwestern Energy in a research report on Friday. Scotiabank set a $7.00 target price on Southwestern Energy and gave the stock a “hold” rating in a research report on Monday, August 6th. Johnson Rice downgraded Southwestern Energy from a “buy” rating to an “accumulate” rating in a research report on Wednesday, August 15th. ValuEngine upgraded Southwestern Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, July 28th. Finally, Morgan Stanley boosted their target price on Southwestern Energy from $4.50 to $5.00 and gave the stock an “underweight” rating in a research report on Thursday, August 16th. Seven equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company. Southwestern Energy has a consensus rating of “Hold” and an average price target of $5.78.
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Southwestern Energy Profile
Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas and oil in the United States. It operates through two segments, Exploration and Production, and Midstream. The company focuses on the Marcellus Shale, an unconventional natural gas reservoir covering approximately 191,226 net acres in Northeast Appalachia; Marcellus Shale, Utica, and Upper Devonian unconventional natural gas and oil reservoirs covering approximately 290,291 net acres in Southwest Appalachia; and the Fayetteville Shale, an unconventional natural gas reservoir covering approximately 917,842 net acres in Arkansas.
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