Virtu Financial LLC grew its position in shares of Southwestern Energy (NYSE:SWN) by 125.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 34,181 shares of the energy company’s stock after acquiring an additional 19,020 shares during the period. Virtu Financial LLC’s holdings in Southwestern Energy were worth $160,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the business. Legacy Advisors LLC purchased a new stake in shares of Southwestern Energy in the 1st quarter worth $49,000. Greenwich Wealth Management LLC purchased a new stake in shares of Southwestern Energy in the 4th quarter worth $43,000. Courier Capital LLC purchased a new stake in shares of Southwestern Energy in the 4th quarter worth $48,000. Peoples Financial Services CORP. increased its stake in shares of Southwestern Energy by 21.7% in the 4th quarter. Peoples Financial Services CORP. now owns 14,600 shares of the energy company’s stock worth $50,000 after purchasing an additional 2,600 shares in the last quarter. Finally, B. Riley Wealth Management Inc. purchased a new stake in shares of Southwestern Energy in the 3rd quarter worth $88,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.
Shares of NYSE:SWN traded down $0.18 during trading on Wednesday, reaching $3.77. The company’s stock had a trading volume of 11,454,793 shares, compared to its average volume of 16,652,740. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.77. Southwestern Energy has a 12 month low of $3.23 and a 12 month high of $6.23. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 3.70 and a beta of 1.22.
Southwestern Energy (NYSE:SWN) last announced its quarterly earnings results on Thursday, February 28th. The energy company reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.03). Southwestern Energy had a net margin of 23.47% and a return on equity of 23.46%. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1 billion. As a group, equities analysts forecast that Southwestern Energy will post 0.78 EPS for the current year.
A number of equities research analysts have issued reports on the company. Mitsubishi UFJ Financial Group cut their price target on Southwestern Energy to $5.00 and set a “neutral” rating for the company in a research note on Friday, February 8th. Zacks Investment Research upgraded Southwestern Energy from a “hold” rating to a “buy” rating and set a $4.50 price target for the company in a research note on Tuesday, February 12th. Morgan Stanley set a $4.00 price target on Southwestern Energy and gave the stock a “sell” rating in a research note on Tuesday, January 29th. B. Riley reiterated a “buy” rating and issued a $6.50 price target (down previously from $7.30) on shares of Southwestern Energy in a research note on Friday, May 17th. Finally, Wolfe Research lowered Southwestern Energy from a “peer perform” rating to an “underperform” rating in a research note on Thursday, April 18th. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $5.66.
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Southwestern Energy Profile
Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas and oil in the United States. It operates through two segments, Exploration and Production, and Midstream. The company focuses on the development of unconventional natural gas reservoirs located in Pennsylvania and West Virginia.
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