Southwestern Energy (NYSE:SWN) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC increased its position in shares of Southwestern Energy (NYSE:SWN) by 7.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,675,535 shares of the energy company’s stock after purchasing an additional 507,227 shares during the quarter. Geode Capital Management LLC owned 1.42% of Southwestern Energy worth $12,971,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of Southwestern Energy by 0.4% in the first quarter. BlackRock Inc. now owns 84,324,244 shares of the energy company’s stock worth $142,508,000 after acquiring an additional 367,390 shares during the last quarter. State Street Corp raised its holdings in shares of Southwestern Energy by 29.8% in the first quarter. State Street Corp now owns 56,233,635 shares of the energy company’s stock worth $95,035,000 after acquiring an additional 12,904,286 shares during the last quarter. Kopernik Global Investors LLC raised its holdings in shares of Southwestern Energy by 39.8% in the first quarter. Kopernik Global Investors LLC now owns 27,801,608 shares of the energy company’s stock worth $46,985,000 after acquiring an additional 7,908,826 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Southwestern Energy by 38.1% in the first quarter. Russell Investments Group Ltd. now owns 20,782,263 shares of the energy company’s stock worth $35,101,000 after acquiring an additional 5,728,479 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Southwestern Energy in the fourth quarter worth $21,266,000.

SWN stock opened at $2.53 on Wednesday. The stock has a 50-day moving average price of $2.98 and a two-hundred day moving average price of $2.28. Southwestern Energy has a 12-month low of $1.06 and a 12-month high of $3.90. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.41. The company has a market cap of $1.30 billion, a PE ratio of -1.10 and a beta of 1.56.

Southwestern Energy (NYSE:SWN) last issued its earnings results on Thursday, April 30th. The energy company reported $0.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.03. Southwestern Energy had a positive return on equity of 8.56% and a negative net margin of 47.35%. The company had revenue of $592.00 million during the quarter, compared to the consensus estimate of $659.76 million. During the same quarter in the prior year, the business earned $0.27 earnings per share. The company’s revenue was down 40.2% compared to the same quarter last year. Equities analysts forecast that Southwestern Energy will post 0.25 EPS for the current fiscal year.

A number of equities analysts have recently weighed in on the company. MKM Partners boosted their price target on Southwestern Energy from $2.00 to $3.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Royal Bank of Canada upped their target price on Southwestern Energy from $3.00 to $3.50 and gave the company a “hold” rating in a research note on Tuesday, April 28th. UBS Group upped their target price on Southwestern Energy from $1.90 to $2.00 and gave the company a “neutral” rating in a research note on Monday. Wells Fargo & Co reiterated an “underweight” rating and issued a $3.50 target price on shares of Southwestern Energy in a research note on Thursday, June 25th. Finally, ValuEngine lowered Southwestern Energy from a “sell” rating to a “strong sell” rating in a research note on Tuesday, March 3rd. Six investment analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $2.93.

Southwestern Energy Company 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 development of unconventional natural gas reservoirs located in Pennsylvania and West Virginia.

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

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