Wells Fargo & Company MN Sells 10,982 Shares of SilverBow Resources Inc (NYSE:SBOW)

Wells Fargo & Company MN trimmed its stake in SilverBow Resources Inc (NYSE:SBOW) by 12.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 80,359 shares of the company’s stock after selling 10,982 shares during the period. Wells Fargo & Company MN’s holdings in SilverBow Resources were worth $1,113,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SBOW. Municipal Employees Retirement System of Michigan bought a new stake in shares of SilverBow Resources in the 2nd quarter valued at approximately $347,000. Strs Ohio lifted its stake in shares of SilverBow Resources by 13.7% in the 2nd quarter. Strs Ohio now owns 30,700 shares of the company’s stock valued at $425,000 after purchasing an additional 3,700 shares during the last quarter. Acadian Asset Management LLC lifted its stake in shares of SilverBow Resources by 18.9% in the 1st quarter. Acadian Asset Management LLC now owns 37,964 shares of the company’s stock valued at $872,000 after purchasing an additional 6,045 shares during the last quarter. Walthausen & Co. LLC lifted its stake in shares of SilverBow Resources by 30.8% in the 1st quarter. Walthausen & Co. LLC now owns 280,527 shares of the company’s stock valued at $6,452,000 after purchasing an additional 65,983 shares during the last quarter. Finally, DW Partners LP lifted its stake in shares of SilverBow Resources by 1.8% in the 1st quarter. DW Partners LP now owns 1,852,755 shares of the company’s stock valued at $42,613,000 after purchasing an additional 32,702 shares during the last quarter. 82.12% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:SBOW traded down $0.48 during trading on Tuesday, hitting $9.21. The company had a trading volume of 502 shares, compared to its average volume of 38,442. The stock has a market cap of $116.17 million, a price-to-earnings ratio of 1.44 and a beta of 0.54. SilverBow Resources Inc has a one year low of $7.40 and a one year high of $29.87. The company has a fifty day simple moving average of $9.29 and a two-hundred day simple moving average of $14.45. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.75 and a quick ratio of 0.75.

SilverBow Resources (NYSE:SBOW) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $5.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.28 by $4.21. SilverBow Resources had a return on equity of 50.63% and a net margin of 48.20%. The firm had revenue of $74.70 million during the quarter, compared to analyst estimates of $70.30 million. On average, equities research analysts anticipate that SilverBow Resources Inc will post 7.95 earnings per share for the current year.

Several equities research analysts have recently issued reports on the company. Zacks Investment Research raised SilverBow Resources from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 15th. TheStreet raised SilverBow Resources from a “d” rating to a “c-” rating in a research note on Thursday, September 12th. Finally, Northland Securities reaffirmed a “buy” rating and issued a $14.00 price objective on shares of SilverBow Resources in a research note on Sunday, September 1st.

About SilverBow Resources

SilverBow Resources, Inc, an energy company, engages in the exploration, development, and production of oil and gas from the Eagle Ford Shale in South Texas. As of December 31, 2018, it had proved reserves of 1,345 MMcfe. The company was formerly known as Swift Energy Company and changed its name to SilverBow Resources, Inc in May 2017.

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Institutional Ownership by Quarter for SilverBow Resources (NYSE:SBOW)

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