Insider Buying: SilverBow Resources Inc. (SBOW) CFO Acquires $17,063.02 in Stock

SilverBow Resources Inc. (NYSE:SBOW) CFO Riet Gerald Gleeson Van acquired 754 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were bought at an average price of $22.63 per share, for a total transaction of $17,063.02. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Riet Gerald Gleeson Van also recently made the following trade(s):

  • On Tuesday, October 31st, Riet Gerald Gleeson Van bought 779 shares of SilverBow Resources stock. The shares were acquired at an average cost of $21.99 per share, with a total value of $17,130.21.
  • On Friday, September 29th, Riet Gerald Gleeson Van bought 707 shares of SilverBow Resources stock. The shares were acquired at an average cost of $24.40 per share, with a total value of $17,250.80.

Shares of SilverBow Resources Inc. (NYSE SBOW) traded down $0.44 during trading hours on Thursday, hitting $22.82. 48,489 shares of the company were exchanged, compared to its average volume of 26,609. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.55 and a quick ratio of 0.55. SilverBow Resources Inc. has a 12-month low of $19.89 and a 12-month high of $35.70.

Several large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP bought a new position in shares of SilverBow Resources during the third quarter worth $394,000. Wells Fargo & Company MN boosted its position in shares of SilverBow Resources by 2.3% during the third quarter. Wells Fargo & Company MN now owns 292,404 shares of the company’s stock worth $7,178,000 after acquiring an additional 6,628 shares during the last quarter. Schneider Capital Management Corp bought a new position in shares of SilverBow Resources during the second quarter worth $980,000. Susquehanna International Group LLP bought a new position in shares of SilverBow Resources during the second quarter worth $270,000. Finally, California State Teachers Retirement System bought a new position in shares of SilverBow Resources during the second quarter worth $337,000. Hedge funds and other institutional investors own 30.14% of the company’s stock.

A number of analysts have commented on the stock. BidaskClub raised shares of SilverBow Resources from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. Zacks Investment Research cut shares of SilverBow Resources from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Northland Securities initiated coverage on shares of SilverBow Resources in a research note on Thursday, September 28th. They issued an “outperform” rating and a $42.00 price objective for the company. Finally, Stephens initiated coverage on shares of SilverBow Resources in a research note on Friday, September 29th. They issued an “overweight” rating and a $28.00 price objective for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $31.67.

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About SilverBow Resources

Insider Buying and Selling by Quarter for SilverBow Resources (NYSE:SBOW)

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