Symmetry Investments LP Makes New $997,000 Investment in Southwestern Energy (NYSE:SWN)

Symmetry Investments LP bought a new position in shares of Southwestern Energy (NYSE:SWN) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 152,200 shares of the energy company’s stock, valued at approximately $997,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Lindbrook Capital LLC boosted its stake in Southwestern Energy by 30.2% during the 4th quarter. Lindbrook Capital LLC now owns 6,747 shares of the energy company’s stock worth $44,000 after purchasing an additional 1,564 shares during the last quarter. Cerity Partners LLC boosted its position in shares of Southwestern Energy by 4.4% during the 4th quarter. Cerity Partners LLC now owns 57,931 shares of the energy company’s stock valued at $379,000 after acquiring an additional 2,443 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of Southwestern Energy by 2.6% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 104,805 shares of the energy company’s stock valued at $676,000 after acquiring an additional 2,676 shares during the last quarter. Treasurer of the State of North Carolina boosted its position in shares of Southwestern Energy by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 608,536 shares of the energy company’s stock valued at $3,925,000 after acquiring an additional 2,878 shares during the last quarter. Finally, Intellectus Partners LLC boosted its position in shares of Southwestern Energy by 4.6% during the 4th quarter. Intellectus Partners LLC now owns 73,200 shares of the energy company’s stock valued at $479,000 after acquiring an additional 3,200 shares during the last quarter. Institutional investors and hedge funds own 86.97% of the company’s stock.

Southwestern Energy Price Performance

Shares of NYSE:SWN opened at $7.30 on Tuesday. The firm’s 50-day moving average is $7.41 and its two-hundred day moving average is $6.96. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.83. Southwestern Energy has a 1 year low of $5.13 and a 1 year high of $7.80.

Southwestern Energy (NYSE:SWN) last released its earnings results on Thursday, May 2nd. The energy company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). Southwestern Energy had a positive return on equity of 9.00% and a negative net margin of 32.93%. The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the previous year, the company posted $0.31 earnings per share. The firm’s quarterly revenue was down 33.1% on a year-over-year basis. Analysts anticipate that Southwestern Energy will post 0.59 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Mizuho boosted their price target on shares of Southwestern Energy from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Piper Sandler reissued a “neutral” rating and set a $7.00 price target (down previously from $8.00) on shares of Southwestern Energy in a research report on Friday, April 19th. Susquehanna boosted their price objective on shares of Southwestern Energy from $7.50 to $8.00 and gave the company a “neutral” rating in a report on Thursday, May 16th. Stifel Nicolaus boosted their price objective on shares of Southwestern Energy from $6.60 to $7.60 and gave the company a “hold” rating in a report on Tuesday, April 23rd. Finally, StockNews.com assumed coverage on shares of Southwestern Energy in a report on Friday. They issued a “hold” rating on the stock. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have issued 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 $8.25.

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.