Primecap Management Co. CA Sells 244,920 Shares of Southwestern Energy (NYSE:SWN)

Primecap Management Co. CA reduced its holdings in shares of Southwestern Energy (NYSE:SWN) by 3.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,986,680 shares of the energy company’s stock after selling 244,920 shares during the period. Primecap Management Co. CA’s holdings in Southwestern Energy were worth $53,750,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Rise Advisors LLC bought a new position in Southwestern Energy during the first quarter worth about $25,000. Pingora Partners LLC bought a new position in shares of Southwestern Energy during the 4th quarter worth approximately $30,000. Larson Financial Group LLC boosted its stake in Southwestern Energy by 4,752.1% in the 2nd quarter. Larson Financial Group LLC now owns 5,871 shares of the energy company’s stock valued at $40,000 after buying an additional 5,750 shares in the last quarter. Fidelis Capital Partners LLC bought a new stake in Southwestern Energy in the first quarter valued at $43,000. Finally, Choreo LLC acquired a new position in Southwestern Energy during the second quarter worth $69,000. Institutional investors own 86.97% of the company’s stock.

Southwestern Energy Trading Up 0.6 %

NYSE:SWN opened at $6.30 on Wednesday. The stock’s fifty day moving average price is $6.36 and its two-hundred day moving average price is $6.93. Southwestern Energy has a 52-week low of $5.85 and a 52-week high of $7.80. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.01.

Southwestern Energy (NYSE:SWN) last posted its quarterly earnings results on Thursday, August 1st. The energy company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Southwestern Energy had a positive return on equity of 10.55% and a negative net margin of 48.91%. The firm’s quarterly revenue was down 14.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.09 earnings per share. On average, research analysts forecast that Southwestern Energy will post 0.57 EPS for the current year.

Analyst Upgrades and Downgrades

SWN has been the topic of several recent analyst reports. Piper Sandler reduced their target price on shares of Southwestern Energy from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday, August 15th. Scotiabank cut their price target on shares of Southwestern Energy from $9.50 to $9.00 and set a “sector perform” rating for the company in a report on Tuesday, August 20th. Susquehanna decreased their price objective on shares of Southwestern Energy from $7.00 to $6.50 and set a “neutral” rating on the stock in a research note on Monday, August 19th. StockNews.com started coverage on shares of Southwestern Energy in a research note on Wednesday, September 11th. They issued a “sell” rating for the company. Finally, Wolfe Research initiated coverage on Southwestern Energy in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $8.50.

Southwestern Energy 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.