Citigroup Inc. Increases Holdings in SilverBow Resources, Inc. (NYSE:SBOW)

Citigroup Inc. increased its position in SilverBow Resources, Inc. (NYSE:SBOW – Get Rating) by 52.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 73,355 shares of the company’s stock after acquiring an additional 25,314 shares during the quarter. Citigroup Inc.’s holdings in SilverBow Resources were worth $2,074,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in SilverBow Resources in the 3rd quarter worth about $31,000. Point72 Hong Kong Ltd purchased a new position in shares of SilverBow Resources during the second quarter valued at approximately $61,000. Quantbot Technologies LP increased its stake in shares of SilverBow Resources by 2,243.1% during the second quarter. Quantbot Technologies LP now owns 3,749 shares of the company’s stock valued at $106,000 after buying an additional 3,589 shares during the period. Legal & General Group Plc bought a new stake in shares of SilverBow Resources during the second quarter valued at approximately $119,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of SilverBow Resources by 157.7% during the third quarter. Tower Research Capital LLC TRC now owns 5,031 shares of the company’s stock valued at $135,000 after purchasing an additional 3,079 shares in the last quarter. Institutional investors own 88.05% of the company’s stock.

SilverBow Resources Stock Down 0.4 %

NYSE SBOW opened at $25.06 on Thursday. The stock’s 50-day moving average price is $23.23 and its 200-day moving average price is $26.34. The company has a market capitalization of $566.86 million, a P/E ratio of 1.09 and a beta of 2.34. SilverBow Resources, Inc. has a 52 week low of $19.13 and a 52 week high of $49.91. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.80.

SilverBow Resources (NYSE:SBOW – Get Rating) last released its quarterly earnings results on Wednesday, March 1st. The company reported $7.65 earnings per share for the quarter, beating the consensus estimate of $2.42 by $5.23. The business had revenue of $198.98 million during the quarter, compared to analysts’ expectations of $194.77 million. SilverBow Resources had a return on equity of 46.45% and a net margin of 65.36%. On average, equities research analysts predict that SilverBow Resources, Inc. will post 9.08 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have commented on SBOW. TheStreet downgraded SilverBow Resources from a “b-” rating to a “c” rating in a report on Thursday, May 4th. Truist Financial raised their target price on SilverBow Resources from $37.00 to $51.00 and gave the stock a “buy” rating in a research report on Tuesday, April 11th.

Insider Buying and Selling at SilverBow Resources

In other news, Director Marcus C. Rowland sold 8,000 shares of SilverBow Resources stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $24.21, for a total value of $193,680.00. Following the completion of the transaction, the director now owns 19,386 shares in the company, valued at approximately $469,335.06. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 4.00% of the stock is currently owned by company insiders.

About SilverBow Resources

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SilverBow Resources, Inc engages in the exploration, development, and production of oil and gas. It is focused on acquiring and developing assets in the Eagle Ford Shale and Austin Chalk. The firm’s operations are focused in six fields: Artesia, AWP, Fasken, Eastern Eagle Food and Southern Eagle Ford Gas.