First Mercantile Trust Co. increased its stake in shares of Southwestern Energy Co. (NYSE:SWN) by 36.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,860 shares of the energy company’s stock after buying an additional 12,060 shares during the period. First Mercantile Trust Co.’s holdings in Southwestern Energy were worth $621,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of SWN. Quantbot Technologies LP bought a new position in Southwestern Energy during the second quarter valued at $106,000. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in Southwestern Energy by 131.7% in the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 9,500 shares of the energy company’s stock valued at $120,000 after buying an additional 5,400 shares during the period. Bourgeon Capital Management LLC bought a new position in Southwestern Energy during the second quarter valued at $126,000. Brant Point Investment Management LLC bought a new position in Southwestern Energy during the second quarter valued at $126,000. Finally, AXA raised its position in Southwestern Energy by 143.1% in the first quarter. AXA now owns 16,200 shares of the energy company’s stock valued at $131,000 after buying an additional 9,536 shares during the period. Institutional investors own 96.80% of the company’s stock.
Southwestern Energy Co. (NYSE:SWN) traded down 0.26% during mid-day trading on Friday, hitting $11.47. 4,958,719 shares of the company were exchanged. Southwestern Energy Co. has a 12-month low of $5.00 and a 12-month high of $15.59. The company’s market capitalization is $5.61 billion. The company’s 50-day moving average is $11.22 and its 200 day moving average is $13.00.
Southwestern Energy (NYSE:SWN) last issued its earnings results on Thursday, October 20th. The energy company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by $0.04. Southwestern Energy had a negative net margin of 187.25% and a negative return on equity of 2.58%. The company earned $651 million during the quarter. During the same quarter in the prior year, the company earned $0.01 EPS. Southwestern Energy’s quarterly revenue was down 13.1% on a year-over-year basis. Analysts expect that Southwestern Energy Co. will post ($0.01) EPS for the current year.
SWN has been the topic of a number of recent analyst reports. KLR Group lifted their price objective on Southwestern Energy from $13.00 to $15.00 and gave the stock a “hold” rating in a research note on Thursday, September 1st. Jefferies Group reiterated a “sell” rating on shares of Southwestern Energy in a research note on Monday, August 1st. Mizuho initiated coverage on Southwestern Energy in a research note on Wednesday, October 5th. They issued a “buy” rating and a $20.00 price objective on the stock. National Securities reiterated a “buy” rating on shares of Southwestern Energy in a research note on Monday, October 24th. Finally, GMP Securities initiated coverage on Southwestern Energy in a research note on Wednesday, September 28th. They issued a “hold” rating and a $11.00 price objective on the stock. Five analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Southwestern Energy has a consensus rating of “Hold” and a consensus target price of $12.66.
In related news, Director Gregory D. Kerley sold 12,000 shares of Southwestern Energy stock in a transaction on Tuesday, September 20th. The shares were sold at an average price of $14.34, for a total transaction of $172,080.00. Following the completion of the transaction, the director now owns 312,064 shares of the company’s stock, valued at $4,474,997.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.16% of the stock is currently owned by company insiders.
Southwestern Energy Company Profile
Southwestern Energy Company is an independent 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 are focused on the development of unconventional natural gas reservoirs located in Pennsylvania, West Virginia and Arkansas.