Wolverine Asset Management LLC Sells 149,000 Shares of Southwestern Energy (NYSE:SWN)

Wolverine Asset Management LLC reduced its holdings in shares of Southwestern Energy (NYSE:SWN) by 62.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 90,422 shares of the energy company’s stock after selling 149,000 shares during the quarter. Wolverine Asset Management LLC’s holdings in Southwestern Energy were worth $592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. GAMMA Investing LLC bought a new position in shares of Southwestern Energy during the fourth quarter valued at $79,000. Parkside Financial Bank & Trust lifted its holdings in shares of Southwestern Energy by 481.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 4,655 shares of the energy company’s stock valued at $30,000 after purchasing an additional 3,854 shares in the last quarter. Lindbrook Capital LLC lifted its holdings in shares of Southwestern Energy by 30.2% during the fourth quarter. Lindbrook Capital LLC now owns 6,747 shares of the energy company’s stock valued at $44,000 after purchasing an additional 1,564 shares in the last quarter. Oakworth Capital Inc. bought a new position in shares of Southwestern Energy during the fourth quarter valued at $184,000. Finally, Peirce Capital Management LLC bought a new position in shares of Southwestern Energy during the fourth quarter valued at $148,000. 86.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SWN has been the subject of a number of research reports. UBS Group upped their price objective on Southwestern Energy from $6.00 to $6.25 and gave the company a “neutral” rating in a research report on Thursday, January 18th. Susquehanna upped their price objective on Southwestern Energy from $7.00 to $7.50 and gave the company a “neutral” rating in a research report on Monday, April 22nd. Scotiabank cut Southwestern Energy from a “sector outperform” rating to a “sector perform” rating and upped their price objective for the company from $9.00 to $9.50 in a research report on Thursday, April 11th. Stifel Nicolaus upped their price objective on Southwestern Energy from $6.60 to $7.60 and gave the company a “hold” rating in a research report on Tuesday. Finally, Piper Sandler reiterated a “neutral” rating and set a $7.00 price objective (down previously from $8.00) on shares of Southwestern Energy in a research report on Friday, April 19th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $8.14.

Southwestern Energy Stock Performance

NYSE:SWN opened at $7.71 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.67. Southwestern Energy has a 12-month low of $4.57 and a 12-month high of $7.73. The stock has a 50-day moving average price of $7.24 and a 200 day moving average price of $6.86. The stock has a market capitalization of $8.49 billion, a P/E ratio of 5.47 and a beta of 1.12.

Southwestern Energy (NYSE:SWN) last released its earnings results on Thursday, February 22nd. The energy company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.04. Southwestern Energy had a return on equity of 11.74% and a net margin of 23.87%. The firm had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the business posted $0.26 earnings per share. The firm’s revenue was down 49.9% on a year-over-year basis. Equities research analysts forecast that Southwestern Energy will post 0.57 EPS for the current fiscal year.

Southwestern Energy Company Profile

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.