Moody National Bank Trust Division Acquires Shares of 15,000 SilverBow Resources, Inc. (NYSE:SBOW)

Moody National Bank Trust Division bought a new position in shares of SilverBow Resources, Inc. (NYSE:SBOWGet Rating) in the second quarter, HoldingsChannel reports. The firm bought 15,000 shares of the company’s stock, valued at approximately $425,000.

A number of other large investors have also modified their holdings of the business. Adage Capital Partners GP L.L.C. raised its stake in shares of SilverBow Resources by 1.5% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 520,524 shares of the company’s stock worth $11,332,000 after buying an additional 7,753 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of SilverBow Resources by 11.7% during the 1st quarter. Vanguard Group Inc. now owns 487,074 shares of the company’s stock worth $15,586,000 after buying an additional 51,037 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of SilverBow Resources by 7.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 395,831 shares of the company’s stock worth $12,668,000 after buying an additional 26,758 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of SilverBow Resources by 653.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 376,796 shares of the company’s stock worth $12,057,000 after buying an additional 326,786 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in SilverBow Resources by 1,481.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 294,747 shares of the company’s stock valued at $9,432,000 after purchasing an additional 276,115 shares in the last quarter.

Insider Buying and Selling at SilverBow Resources

In related news, major shareholder Kimmeridge Energy Management C bought 278,378 shares of the stock in a transaction on Friday, July 8th. The shares were purchased at an average price of $29.45 per share, for a total transaction of $8,198,232.10. Following the acquisition, the insider now owns 2,981,356 shares in the company, valued at $87,800,934.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other SilverBow Resources news, Director Charles W. Wampler sold 5,000 shares of the stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $47.05, for a total transaction of $235,250.00. Following the sale, the director now owns 31,869 shares in the company, valued at approximately $1,499,436.45. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Kimmeridge Energy Management C bought 278,378 shares of the stock in a transaction on Friday, July 8th. The shares were bought at an average price of $29.45 per share, for a total transaction of $8,198,232.10. Following the acquisition, the insider now owns 2,981,356 shares in the company, valued at approximately $87,800,934.20. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 95,352 shares of company stock worth $4,267,717. 4.20% of the stock is owned by insiders.

SilverBow Resources Stock Performance

NYSE SBOW opened at $32.87 on Monday. SilverBow Resources, Inc. has a 1-year low of $18.98 and a 1-year high of $49.91. The company has a market capitalization of $596.59 million, a P/E ratio of 6.11 and a beta of 2.25. The business has a 50 day moving average price of $39.13 and a 200 day moving average price of $36.10. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.50 and a quick ratio of 0.50.

SilverBow Resources (NYSE:SBOWGet Rating) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $3.01 earnings per share for the quarter, beating the consensus estimate of $1.82 by $1.19. SilverBow Resources had a return on equity of 71.35% and a net margin of 18.28%. The firm had revenue of $182.61 million during the quarter, compared to the consensus estimate of $110.00 million. Sell-side analysts expect that SilverBow Resources, Inc. will post 16.72 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SBOW has been the subject of several research analyst reports. TheStreet raised SilverBow Resources from a “c” rating to a “b-” rating in a research note on Tuesday, September 6th. Truist Financial raised their price objective on SilverBow Resources from $56.00 to $62.00 and gave the company a “buy” rating in a research note on Tuesday, July 19th.

About SilverBow Resources

(Get Rating)

SilverBow Resources, Inc, an oil and gas company, acquires and develops assets in the Eagle Ford shale and Austin Chalk located in South Texas. As of December 31, 2021, it had proved reserves of 1,416 billion cubic feet of natural gas equivalent. The company was formerly known as Swift Energy Company and changed its name to SilverBow Resources, Inc in May 2017.

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Institutional Ownership by Quarter for SilverBow Resources (NYSE:SBOW)

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