Fmr LLC Trims Stock Holdings in Southwestern Energy (NYSE:SWN)

Fmr LLC lowered its position in Southwestern Energy (NYSE:SWN) by 68.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,081,908 shares of the energy company’s stock after selling 63,434,727 shares during the quarter. Fmr LLC owned approximately 2.64% of Southwestern Energy worth $145,410,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SWN. Massmutual Trust Co. FSB ADV increased its holdings in shares of Southwestern Energy by 609.3% in the first quarter. Massmutual Trust Co. FSB ADV now owns 5,029 shares of the energy company’s stock valued at $25,000 after purchasing an additional 4,320 shares during the period. Parallel Advisors LLC increased its holdings in shares of Southwestern Energy by 50.8% in the first quarter. Parallel Advisors LLC now owns 6,653 shares of the energy company’s stock valued at $33,000 after purchasing an additional 2,240 shares during the period. Industrial Alliance Investment Management Inc. acquired a new position in shares of Southwestern Energy in the fourth quarter valued at approximately $34,000. Spire Wealth Management increased its holdings in shares of Southwestern Energy by 59.4% in the first quarter. Spire Wealth Management now owns 8,047 shares of the energy company’s stock valued at $40,000 after purchasing an additional 3,000 shares during the period. Finally, Huntington National Bank increased its holdings in shares of Southwestern Energy by 4,881.6% in the fourth quarter. Huntington National Bank now owns 7,024 shares of the energy company’s stock valued at $41,000 after purchasing an additional 6,883 shares during the period. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Southwestern Energy Stock Down 0.1 %

Shares of NYSE:SWN opened at $6.77 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.62. Southwestern Energy has a 52-week low of $4.57 and a 52-week high of $8.27. The stock’s fifty day simple moving average is $6.29 and its 200-day simple moving average is $5.51. The company has a market capitalization of $7.46 billion, a P/E ratio of 1.35 and a beta of 1.38.

Southwestern Energy (NYSE:SWN) last issued its quarterly earnings data on Friday, August 4th. The energy company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. Southwestern Energy had a return on equity of 23.55% and a net margin of 48.82%. The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the prior year, the business earned $0.33 earnings per share. The business’s revenue was down 69.3% on a year-over-year basis. As a group, equities research analysts forecast that Southwestern Energy will post 0.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on SWN shares. Stifel Nicolaus boosted their target price on Southwestern Energy from $7.50 to $8.00 and gave the company a “buy” rating in a report on Friday, August 11th. StockNews.com initiated coverage on Southwestern Energy in a report on Thursday, August 17th. They set a “hold” rating on the stock. Citigroup upped their price objective on Southwestern Energy from $6.50 to $7.00 and gave the stock a “neutral” rating in a report on Monday, August 7th. UBS Group upped their price objective on Southwestern Energy from $6.00 to $7.00 and gave the stock a “neutral” rating in a report on Thursday, August 17th. Finally, Wells Fargo & Company upped their price objective on Southwestern Energy from $6.20 to $6.30 and gave the stock an “underweight” rating in a report on Friday. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $7.29.

Southwestern Energy 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.