New York State Common Retirement Fund Sells 112,134 Shares of Southwestern Energy (NYSE:SWN)

New York State Common Retirement Fund lessened its stake in Southwestern Energy (NYSE:SWN) by 12.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 768,640 shares of the energy company’s stock after selling 112,134 shares during the period. New York State Common Retirement Fund’s holdings in Southwestern Energy were worth $5,035,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in SWN. Quantbot Technologies LP purchased a new position in shares of Southwestern Energy in the 3rd quarter worth approximately $39,000. Lindbrook Capital LLC grew its holdings in Southwestern Energy by 30.2% in the fourth quarter. Lindbrook Capital LLC now owns 6,747 shares of the energy company’s stock worth $44,000 after purchasing an additional 1,564 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Southwestern Energy by 555.0% during the fourth quarter. International Assets Investment Management LLC now owns 7,624 shares of the energy company’s stock worth $50,000 after purchasing an additional 6,460 shares in the last quarter. Headlands Technologies LLC lifted its holdings in shares of Southwestern Energy by 244.2% during the 3rd quarter. Headlands Technologies LLC now owns 8,420 shares of the energy company’s stock valued at $54,000 after purchasing an additional 5,974 shares during the last quarter. Finally, Clear Street Markets LLC acquired a new stake in shares of Southwestern Energy in the 3rd quarter worth $60,000. 86.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SWN has been the topic of several recent analyst reports. Stifel Nicolaus upped their target price on Southwestern Energy from $6.60 to $7.60 and gave the company a “hold” rating in a research report on Tuesday, April 23rd. Mizuho raised shares of Southwestern Energy from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $6.00 to $9.00 in a research report on Monday, February 26th. Scotiabank cut shares of Southwestern Energy from a “sector outperform” rating to a “sector perform” rating and lifted their target price for the stock from $9.00 to $9.50 in a research note on Thursday, April 11th. UBS Group upped their price target on shares of Southwestern Energy from $6.00 to $6.25 and gave the company a “neutral” rating in a research note on Thursday, January 18th. Finally, Citigroup lifted their price objective on shares of Southwestern Energy from $8.00 to $8.24 and gave the stock a “buy” rating in a research note on Friday, January 12th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $8.14.

Southwestern Energy Trading Down 1.9 %

Southwestern Energy stock opened at $7.08 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.67. Southwestern Energy has a 52 week low of $4.57 and a 52 week high of $7.80. The stock has a 50-day moving average price of $7.29 and a 200 day moving average price of $6.88.

Southwestern Energy (NYSE:SWN) last announced its quarterly earnings results on Thursday, May 2nd. The energy company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). Southwestern Energy had a negative net margin of 32.93% and a positive return on equity of 8.31%. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the firm posted $0.31 earnings per share. The company’s revenue was down 33.1% compared to the same quarter last year. Research analysts predict that Southwestern Energy will post 0.57 earnings per share for the current year.

About Southwestern Energy

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.