Neo Ivy Capital Management Cuts Stake in Southwestern Energy (NYSE:SWN)

Neo Ivy Capital Management cut its position in Southwestern Energy (NYSE:SWN) by 81.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 18,251 shares of the energy company’s stock after selling 80,437 shares during the period. Neo Ivy Capital Management’s holdings in Southwestern Energy were worth $120,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Pingora Partners LLC bought a new position in Southwestern Energy in the 4th quarter valued at approximately $30,000. Parkside Financial Bank & Trust boosted its position in shares of Southwestern Energy by 481.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 4,655 shares of the energy company’s stock valued at $30,000 after buying an additional 3,854 shares during the last quarter. Quantbot Technologies LP bought a new stake in Southwestern Energy in the 3rd quarter worth about $39,000. Lindbrook Capital LLC lifted 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 valued at $44,000 after acquiring an additional 1,564 shares during the period. Finally, International Assets Investment Management LLC boosted its holdings in shares of Southwestern Energy by 555.0% during the 4th quarter. International Assets Investment Management LLC now owns 7,624 shares of the energy company’s stock valued at $50,000 after acquiring an additional 6,460 shares during the last quarter. Institutional investors own 86.97% of the company’s stock.

Southwestern Energy Price Performance

Shares of SWN traded down $0.08 during trading hours on Friday, reaching $6.95. 13,431,511 shares of the stock traded hands, compared to its average volume of 11,134,014. The company has a market cap of $7.66 billion, a P/E ratio of -3.99 and a beta of 1.12. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.83. The company’s 50-day moving average price is $7.37 and its two-hundred day moving average price is $6.97. Southwestern Energy has a 52-week low of $5.23 and a 52-week high of $7.80.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Susquehanna increased their price objective on shares of Southwestern Energy from $7.50 to $8.00 and gave the company a “neutral” rating in a research report on Thursday, May 16th. Stifel Nicolaus raised their price target on Southwestern Energy from $6.60 to $7.60 and gave the stock a “hold” rating in a research note on Tuesday, April 23rd. Mizuho upped their price objective on 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 issued a $7.00 target price (down previously from $8.00) on shares of Southwestern Energy in a report on Friday, April 19th. Finally, StockNews.com began coverage on Southwestern Energy in a research note on Saturday. They set a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, eleven have assigned 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 a consensus target price of $8.25.

About Southwestern Energy

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.