First Mercantile Trust Co buys $619,965 stake in Southwestern Energy Company (SWN)

Southwestern Energy Company (SWN) : First Mercantile Trust Co scooped up 12,060 additional shares in Southwestern Energy Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 44,860 shares of Southwestern Energy Company which is valued at $619,965.Southwestern Energy Company makes up approximately 0.08% of First Mercantile Trust Co’s portfolio.

Other Hedge Funds, Including , Chevy Chase Trust Holdings boosted its stake in SWN in the latest quarter, The investment management firm added 8,201 additional shares and now holds a total of 413,037 shares of Southwestern Energy Company which is valued at $5,745,345. Southwestern Energy Company makes up approx 0.03% of Chevy Chase Trust Holdings’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in SWN in the latest quarter, The investment management firm added 87,600 additional shares and now holds a total of 189,932 shares of Southwestern Energy Company which is valued at $2,641,954. Southwestern Energy Company makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio. Washington Trust Bank added SWN to its portfolio by purchasing 339 company shares during the most recent quarter which is valued at $4,715.Cullinan Associates Inc reduced its stake in SWN by selling 300 shares or 2.63% in the most recent quarter. The Hedge Fund company now holds 11,100 shares of SWN which is valued at $154,401. Southwestern Energy Company makes up approx 0.01% of Cullinan Associates Inc’s portfolio.

Southwestern Energy Company closed down -0.25 points or -1.78% at $13.82 with 1,19,79,555 shares getting traded on Friday. Post opening the session at $14.19, the shares hit an intraday low of $13.63 and an intraday high of $14.3 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Southwestern Energy Company reported $-0.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $-0.20. The company had revenue of $579.00 million for the quarter, compared to analysts expectations of $561.50 million. The company’s revenue was down -37.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.22 EPS.

Many Wall Street Analysts have commented on Southwestern Energy Company. Southwestern Energy Company was Upgraded by National Securities to ” Buy” on Jul 25, 2016. Company shares were Reiterated by Barclays on Jul 25, 2016 to “Underweight”, Firm has raised the Price Target to $ 14 from a previous price target of $8 .Company shares were Reiterated by Scotia Howard Weil on Jul 25, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 16 from a previous price target of $13 .

Southwestern Energy Company is an energy company engaged in natural gas and oil exploration development and production (E&P). The Company is focused on creating and capturing additional value through its natural gas gathering and marketing businesses which it refer to as Midstream Services. The Company conducts its business through subsidiaries. The Company’s operations are focused within the United States on development of two natural gas reservoirs located in Arkansas and Pennsylvania. Its operations in Arkansas are focused on a natural gas reservoir Fayetteville Shale and its operations in northeast Pennsylvania are focused on the natural gas reservoir Marcellus Shale. The Company engages in natural gas gathering activities in Arkansas Texas Louisiana Pennsylvania and West Virginia.

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