Menlo Advisors LLC Sells 28,260 Shares of Southwestern Energy (NYSE:SWN)

Menlo Advisors LLC lowered its stake in Southwestern Energy (NYSE:SWN) by 6.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 430,280 shares of the energy company’s stock after selling 28,260 shares during the quarter. Southwestern Energy accounts for 1.6% of Menlo Advisors LLC’s portfolio, making the stock its 21st biggest position. Menlo Advisors LLC’s holdings in Southwestern Energy were worth $2,895,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its holdings in Southwestern Energy by 21.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 48,926,369 shares of the energy company’s stock valued at $329,276,000 after buying an additional 8,741,562 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Southwestern Energy by 14.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 39,364,192 shares of the energy company’s stock valued at $298,381,000 after acquiring an additional 4,968,002 shares during the last quarter. Kopernik Global Investors LLC boosted its holdings in shares of Southwestern Energy by 0.7% during the fourth quarter. Kopernik Global Investors LLC now owns 21,007,377 shares of the energy company’s stock worth $137,598,000 after purchasing an additional 143,007 shares during the period. Magnetar Financial LLC grew its stake in shares of Southwestern Energy by 3,468.3% in the first quarter. Magnetar Financial LLC now owns 12,360,286 shares of the energy company’s stock worth $93,691,000 after purchasing an additional 12,013,898 shares during the last quarter. Finally, KRYGER CAPITAL Ltd bought a new stake in shares of Southwestern Energy in the first quarter worth about $76,543,000. Hedge funds and other institutional investors own 86.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Susquehanna dropped their price objective on Southwestern Energy from $7.00 to $6.50 and set a “neutral” rating for the company in a report on Monday, August 19th. Piper Sandler decreased their target price on Southwestern Energy from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Thursday, August 15th. StockNews.com began coverage on shares of Southwestern Energy in a report on Wednesday, September 11th. They issued a “sell” rating on the stock. Scotiabank decreased their price objective 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. Finally, Wolfe Research assumed coverage on shares of Southwestern Energy in a research report on Thursday, July 18th. They issued a “peer perform” rating for the company. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $8.50.

Southwestern Energy Price Performance

Shares of SWN opened at $6.26 on Tuesday. Southwestern Energy has a fifty-two week low of $5.85 and a fifty-two week high of $7.80. The firm’s 50-day simple moving average is $6.36 and its two-hundred day simple moving average is $6.93. The stock has a market cap of $6.90 billion, a PE ratio of -3.60 and a beta of 1.12. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.53 and a current ratio of 0.53.

Southwestern Energy (NYSE:SWN) last posted its quarterly earnings results on Thursday, August 1st. The energy company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. Southwestern Energy had a positive return on equity of 10.55% and a negative net margin of 48.91%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the prior year, the business posted $0.09 EPS. The firm’s quarterly revenue was down 14.7% compared to the same quarter last year. Analysts anticipate that Southwestern Energy will post 0.61 earnings per share for the current fiscal year.

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.