Pitcairn Co. acquired a new stake in shares of Southwestern Energy (NYSE:SWN) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 63,187 shares of the energy company’s stock, valued at approximately $352,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Amundi Pioneer Asset Management Inc. acquired a new position in Southwestern Energy during the 4th quarter worth about $138,000. AXA raised its position in shares of Southwestern Energy by 74.8% in the 4th quarter. AXA now owns 780,000 shares of the energy company’s stock worth $4,352,000 after acquiring an additional 333,900 shares in the last quarter. Spark Investment Management LLC bought a new position in shares of Southwestern Energy in the 4th quarter worth about $1,220,000. OppenheimerFunds Inc. raised its position in shares of Southwestern Energy by 30.3% in the 4th quarter. OppenheimerFunds Inc. now owns 175,184 shares of the energy company’s stock worth $978,000 after acquiring an additional 40,782 shares in the last quarter. Finally, State of Tennessee Treasury Department raised its position in shares of Southwestern Energy by 4.8% in the 4th quarter. State of Tennessee Treasury Department now owns 2,642,293 shares of the energy company’s stock worth $14,744,000 after acquiring an additional 120,000 shares in the last quarter. 80.63% of the stock is currently owned by institutional investors.
Southwestern Energy (NYSE:SWN) traded down $0.09 during trading on Wednesday, reaching $4.43. The company had a trading volume of 13,950,000 shares, compared to its average volume of 27,530,000. Southwestern Energy has a fifty-two week low of $3.42 and a fifty-two week high of $8.94. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 2.22. The stock has a market capitalization of $2,270.00, a P/E ratio of 2.95 and a beta of 1.05.
SWN has been the subject of several research analyst reports. ValuEngine raised Southwestern Energy from a “hold” rating to a “buy” rating in a research report on Thursday, January 4th. Cowen set a $8.00 target price on Southwestern Energy and gave the company a “buy” rating in a research report on Thursday, January 18th. BMO Capital Markets set a $9.00 target price on Southwestern Energy and gave the company a “buy” rating in a research report on Tuesday, November 14th. B. Riley raised Southwestern Energy from a “neutral” rating to a “buy” rating and boosted their target price for the company from $5.00 to $5.85 in a research report on Friday, February 9th. Finally, TheStreet raised Southwestern Energy from a “d” rating to a “c-” rating in a research report on Thursday, March 1st. Nine research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $7.31.
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Southwestern Energy Company Profile
Southwestern Energy Company is an energy company engaged in natural gas and oil exploration, development and production. The Company operates through two segments: Exploration and Production (E&P) and Midstream Services. Its operations in northeast Pennsylvania are primarily focused on the unconventional natural gas reservoir known as the Marcellus Shale.
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