Fmr LLC Sells 1,126,023 Shares of Southwestern Energy Company (SWN)

Fmr LLC lessened its stake in shares of Southwestern Energy Company (NYSE:SWN) by 5.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 21,206,198 shares of the energy company’s stock after selling 1,126,023 shares during the period. Fmr LLC owned approximately 4.29% of Southwestern Energy worth $128,933,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL purchased a new stake in Southwestern Energy during the 1st quarter valued at $102,000. Cambridge Investment Research Advisors Inc. purchased a new stake in Southwestern Energy during the 1st quarter valued at $111,000. Partnervest Advisory Services LLC purchased a new stake in Southwestern Energy during the 2nd quarter valued at $122,000. HRT Financial LLC purchased a new stake in Southwestern Energy during the 2nd quarter valued at $127,000. Finally, Stifel Financial Corp raised its holdings in Southwestern Energy by 38.2% during the 1st quarter. Stifel Financial Corp now owns 17,170 shares of the energy company’s stock valued at $140,000 after buying an additional 4,746 shares during the period. Institutional investors own 89.55% of the company’s stock.

Several research firms recently weighed in on SWN. Robert W. Baird restated a “hold” rating and set a $8.00 price target on shares of Southwestern Energy in a report on Tuesday, September 26th. Scotiabank set a $8.00 price target on Southwestern Energy and gave the company a “hold” rating in a report on Monday, August 7th. Royal Bank Of Canada set a $10.00 price target on Southwestern Energy and gave the company a “hold” rating in a report on Saturday, June 10th. BidaskClub raised Southwestern Energy from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 3rd. Finally, Barclays PLC reaffirmed a “hold” rating and issued a $6.00 price objective on shares of Southwestern Energy in a research report on Friday, July 7th. Five analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $11.65.

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Shares of Southwestern Energy Company (SWN) opened at 5.93 on Friday. Southwestern Energy Company has a 12 month low of $5.00 and a 12 month high of $14.38. The company’s market cap is $2.95 billion. The company’s 50-day moving average price is $5.75 and its 200-day moving average price is $6.38.

Southwestern Energy (NYSE:SWN) last released its earnings results on Thursday, August 3rd. The energy company reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.08). Southwestern Energy had a positive return on equity of 25.19% and a negative net margin of 9.46%. The company had revenue of $811.00 million for the quarter, compared to analyst estimates of $810.00 million. During the same period in the previous year, the firm earned ($0.09) earnings per share. The company’s revenue for the quarter was up 55.4% compared to the same quarter last year. Equities analysts forecast that Southwestern Energy Company will post $0.53 EPS for the current fiscal year.

About Southwestern Energy

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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Institutional Ownership by Quarter for Southwestern Energy (NYSE:SWN)

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