Fisher Asset Management LLC Cuts Holdings in Southwestern Energy (NYSE:SWN)

Fisher Asset Management LLC lessened its position in shares of Southwestern Energy (NYSE:SWN - Free Report) by 8.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,232,068 shares of the energy company's stock after selling 113,251 shares during the period. Fisher Asset Management LLC owned 0.11% of Southwestern Energy worth $8,070,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Parkside Financial Bank & Trust boosted its holdings in shares of Southwestern Energy by 481.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 4,655 shares of the energy company's stock worth $30,000 after buying an additional 3,854 shares in the last quarter. Quantbot Technologies LP bought a new position in Southwestern Energy during the third quarter worth $39,000. Lindbrook Capital LLC grew its holdings in Southwestern Energy by 30.2% in the fourth 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 period. International Assets Investment Management LLC increased its stake in Southwestern Energy by 555.0% in the fourth quarter. International Assets Investment Management LLC now owns 7,624 shares of the energy company's stock valued at $50,000 after purchasing an additional 6,460 shares in the last quarter. Finally, Headlands Technologies LLC raised its holdings in shares of Southwestern Energy by 244.2% during the third quarter. Headlands Technologies LLC now owns 8,420 shares of the energy company's stock valued at $54,000 after purchasing an additional 5,974 shares during the period. Institutional investors own 86.97% of the company's stock.

Southwestern Energy Stock Performance

SWN traded up $0.04 during midday trading on Tuesday, reaching $7.38. The company had a trading volume of 13,565,227 shares, compared to its average volume of 17,061,701. The business has a 50-day moving average price of $7.30 and a two-hundred day moving average price of $6.88. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.62 and a current ratio of 0.62. Southwestern Energy has a 12-month low of $4.67 and a 12-month high of $7.80. The stock has a market cap of $8.13 billion, a PE ratio of -4.22 and a beta of 1.15.

Southwestern Energy (NYSE:SWN - Get Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The energy company reported $0.12 earnings per share (EPS) 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 company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the firm posted $0.31 earnings per share. The business's revenue was down 33.1% on a year-over-year basis. On average, sell-side analysts expect that Southwestern Energy will post 0.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on SWN. UBS Group boosted their target price on Southwestern Energy from $6.00 to $6.25 and gave the company a "neutral" rating in a research report on Thursday, January 18th. Scotiabank lowered Southwestern Energy from a "sector outperform" rating to a "sector perform" rating and upped their target price for the stock from $9.00 to $9.50 in a research report on Thursday, April 11th. Stifel Nicolaus lifted their price target on shares of Southwestern Energy from $6.60 to $7.60 and gave the company a "hold" rating in a research report on Tuesday, April 23rd. Piper Sandler restated a "neutral" rating and set a $7.00 price target (down previously from $8.00) on shares of Southwestern Energy in a research note on Friday, April 19th. Finally, StockNews.com started coverage on shares of Southwestern Energy in a research note on Monday. They issued a "hold" rating on the stock. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, Southwestern Energy currently has a consensus rating of "Hold" and an average price target of $8.14.

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.