Victory Capital Management Inc. Acquires 141,858 Shares of Southwestern Energy (NYSE:SWN)

Victory Capital Management Inc. raised its holdings in shares of Southwestern Energy (NYSE:SWN) by 73.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 334,023 shares of the energy company’s stock after buying an additional 141,858 shares during the quarter. Victory Capital Management Inc.’s holdings in Southwestern Energy were worth $2,188,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Parkside Financial Bank & Trust increased its stake in Southwestern Energy by 481.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 4,655 shares of the energy company’s stock worth $30,000 after acquiring an additional 3,854 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Southwestern Energy in the 3rd quarter worth about $39,000. Lindbrook Capital LLC boosted its stake in shares of Southwestern Energy by 30.2% during the 4th 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 period. International Assets Investment Management LLC grew its holdings in Southwestern Energy by 555.0% during the 4th quarter. International Assets Investment Management LLC now owns 7,624 shares of the energy company’s stock valued at $50,000 after purchasing an additional 6,460 shares during the last quarter. Finally, Headlands Technologies LLC raised its position in Southwestern Energy by 244.2% in the 3rd quarter. Headlands Technologies LLC now owns 8,420 shares of the energy company’s stock worth $54,000 after purchasing an additional 5,974 shares during the period. 86.97% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SWN. Piper Sandler reaffirmed a “neutral” rating and set a $7.00 target price (down previously from $8.00) on shares of Southwestern Energy in a research note on Friday, April 19th. StockNews.com assumed coverage on shares of Southwestern Energy in a research note on Tuesday. They set a “hold” rating for the company. Susquehanna boosted their price objective on shares of Southwestern Energy from $7.50 to $8.00 and gave the company a “neutral” rating in a research report on Thursday. UBS Group raised their target price on shares of Southwestern Energy from $6.00 to $6.25 and gave the stock a “neutral” rating in a research report on Thursday, January 18th. Finally, Mizuho lifted their target price on Southwestern Energy from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Monday. One analyst has rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $8.25.

Southwestern Energy Price Performance

NYSE SWN opened at $7.52 on Friday. Southwestern Energy has a 12-month low of $4.72 and a 12-month high of $7.80. The firm’s fifty day simple moving average is $7.36 and its two-hundred day simple moving average is $6.90. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $8.29 billion, a P/E ratio of -4.32 and a beta of 1.15.

Southwestern Energy (NYSE:SWN) last announced its earnings results on Thursday, May 2nd. The energy company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.01). Southwestern Energy had a negative net margin of 32.93% and a positive return on equity of 9.00%. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the company earned $0.31 earnings per share. The company’s quarterly revenue was down 33.1% on a year-over-year basis. Analysts forecast that Southwestern Energy will post 0.56 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.