Southwestern Energy Company (SWN) : Vident Investment Advisory reduced its stake in Southwestern Energy Company by 47.67% during the most recent quarter end. The investment management company now holds a total of 331,475 shares of Southwestern Energy Company which is valued at $4,594,244 after selling 301,969 shares in Southwestern Energy Company , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Southwestern Energy Company makes up approximately 0.61% of Vident Investment Advisory’s portfolio.
Other Hedge Funds, Including , Penn Capital Management Co Inc added SWN to its portfolio by purchasing 29,888 company shares during the most recent quarter which is valued at $414,248. Southwestern Energy Company makes up approx 0.02% of Penn Capital Management Co Inc’s portfolio.Bessemer Group Inc reduced its stake in SWN by selling 825 shares or 3.56% in the most recent quarter. The Hedge Fund company now holds 22,355 shares of SWN which is valued at $309,840. Scotia Capital sold out all of its stake in SWN during the most recent quarter. The investment firm sold 6,093 shares of SWN which is valued $84,449.Public Employees Retirement Association Of Colorado reduced its stake in SWN by selling 1,364 shares or 1.51% in the most recent quarter. The Hedge Fund company now holds 88,739 shares of SWN which is valued at $1,293,815. Southwestern Energy Company makes up approx 0.01% of Public Employees Retirement Association Of Colorado’s portfolio. Seven Bridges Advisors added SWN to its portfolio by purchasing 17,059 company shares during the most recent quarter which is valued at $243,091. Southwestern Energy Company makes up approx 0.20% of Seven Bridges Advisors’s portfolio.
Southwestern Energy Company opened for trading at $14.21 and hit $14.47 on the upside on Monday, eventually ending the session at $14.43, with a gain of 0.49% or 0.07 points. The heightened volatility saw the trading volume jump to 71,63,355 shares. Company has a market cap of $7,121 M.
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 Companys 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.