Southwestern Energy (NYSE:SWN) Stock Holdings Trimmed by Versor Investments LP

Versor Investments LP lowered its position in shares of Southwestern Energy (NYSE:SWN) by 5.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 916,088 shares of the energy company’s stock after selling 48,556 shares during the period. Southwestern Energy comprises about 1.1% of Versor Investments LP’s investment portfolio, making the stock its 7th largest position. Versor Investments LP’s holdings in Southwestern Energy were worth $6,165,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Magnetar Financial LLC grew its stake in shares of Southwestern Energy by 3,468.3% in the first quarter. Magnetar Financial LLC now owns 12,360,286 shares of the energy company’s stock worth $93,691,000 after acquiring an additional 12,013,898 shares during the last quarter. KRYGER CAPITAL Ltd purchased a new stake in Southwestern Energy during the 1st quarter valued at about $76,543,000. Price T Rowe Associates Inc. MD increased its stake in Southwestern Energy by 14.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 39,364,192 shares of the energy company’s stock valued at $298,381,000 after purchasing an additional 4,968,002 shares in the last quarter. Calamos Advisors LLC raised its holdings in Southwestern Energy by 269.1% in the second quarter. Calamos Advisors LLC now owns 6,284,615 shares of the energy company’s stock worth $42,295,000 after buying an additional 4,581,834 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Southwestern Energy by 55.8% in the fourth quarter. Principal Financial Group Inc. now owns 6,330,974 shares of the energy company’s stock worth $41,468,000 after buying an additional 2,268,429 shares in the last quarter. Institutional investors own 86.97% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on SWN. StockNews.com started coverage on shares of Southwestern Energy in a research report on Monday, August 26th. They set a “hold” rating for the company. Scotiabank decreased their target price on Southwestern Energy from $9.50 to $9.00 and set a “sector perform” rating for the company in a research report on Tuesday, August 20th. Wolfe Research started coverage on shares of Southwestern Energy in a research note on Thursday, July 18th. They issued a “peer perform” rating for the company. Piper Sandler lowered their price objective on shares of Southwestern Energy from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Thursday, August 15th. Finally, Mizuho raised their target price on shares of Southwestern Energy from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $8.50.

Southwestern Energy Stock Performance

Shares of SWN stock traded up $0.02 during trading hours on Monday, reaching $6.38. 15,708,600 shares of the company traded hands, compared to its average volume of 16,833,377. The firm has a 50-day moving average price of $6.50 and a 200 day moving average price of $6.98. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.01. Southwestern Energy has a 12-month low of $5.85 and a 12-month high of $7.80.

Southwestern Energy (NYSE:SWN) last issued its quarterly earnings results on Thursday, August 1st. The energy company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.12 billion. Southwestern Energy had a negative net margin of 48.91% and a positive return on equity of 10.55%. The company’s revenue for the quarter was down 14.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.09 earnings per share. On average, analysts anticipate that Southwestern Energy will post 0.61 earnings per share for the current year.

Southwestern Energy 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.