Macquarie Group Ltd. Cuts Holdings in Southwestern Energy (NYSE:SWN)

Macquarie Group Ltd. trimmed its position in shares of Southwestern Energy (NYSE:SWN) by 0.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,876,969 shares of the energy company’s stock after selling 87,609 shares during the period. Macquarie Group Ltd. owned about 1.26% of Southwestern Energy worth $69,385,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. D.A. Davidson & CO. raised its holdings in shares of Southwestern Energy by 7.2% in the 1st quarter. D.A. Davidson & CO. now owns 24,715 shares of the energy company’s stock valued at $177,000 after purchasing an additional 1,668 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its stake in Southwestern Energy by 12.8% in the third quarter. Mercer Global Advisors Inc. ADV now owns 17,512 shares of the energy company’s stock valued at $107,000 after buying an additional 1,994 shares in the last quarter. CLARET ASSET MANAGEMENT Corp boosted its position in shares of Southwestern Energy by 17.2% during the 1st quarter. CLARET ASSET MANAGEMENT Corp now owns 13,614 shares of the energy company’s stock worth $68,000 after acquiring an additional 2,000 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Southwestern Energy by 50.8% during the 1st quarter. Parallel Advisors LLC now owns 6,653 shares of the energy company’s stock worth $33,000 after acquiring an additional 2,240 shares in the last quarter. Finally, Toroso Investments LLC increased its holdings in shares of Southwestern Energy by 4.8% in the 3rd quarter. Toroso Investments LLC now owns 52,285 shares of the energy company’s stock valued at $320,000 after acquiring an additional 2,395 shares during the last quarter. Institutional investors and hedge funds own 88.00% of the company’s stock.

Southwestern Energy Stock Performance

Southwestern Energy stock traded down $0.10 during trading hours on Wednesday, reaching $6.64. 8,280,768 shares of the stock were exchanged, compared to its average volume of 22,148,158. Southwestern Energy has a 52-week low of $4.57 and a 52-week high of $8.27. The stock has a market cap of $7.31 billion, a P/E ratio of 1.35 and a beta of 1.36. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.59 and a current ratio of 0.59. The firm’s 50 day moving average is $6.40 and its 200 day moving average is $5.59.

Southwestern Energy (NYSE:SWN) last posted its quarterly earnings results on Friday, August 4th. The energy company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.02. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Southwestern Energy had a net margin of 48.82% and a return on equity of 23.55%. The firm’s revenue for the quarter was down 69.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.33 earnings per share. Analysts predict that Southwestern Energy will post 0.66 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on SWN shares. Citigroup boosted their target price on Southwestern Energy from $6.50 to $7.00 and gave the stock a “neutral” rating in a research note on Monday, August 7th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $5.00 target price on shares of Southwestern Energy in a research report on Wednesday, July 19th. Truist Financial boosted their price target on shares of Southwestern Energy from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Monday. UBS Group upped their price objective on shares of Southwestern Energy from $6.00 to $7.00 and gave the company a “neutral” rating in a research note on Thursday, August 17th. Finally, StockNews.com initiated coverage on Southwestern Energy in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $7.35.

Southwestern Energy Company 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.