Magnetar Financial LLC Trims Stake in Southwestern Energy (NYSE:SWN)

Magnetar Financial LLC trimmed its stake in Southwestern Energy (NYSE:SWN) by 3.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,879,117 shares of the energy company’s stock after selling 481,169 shares during the quarter. Southwestern Energy makes up 1.7% of Magnetar Financial LLC’s portfolio, making the stock its 14th biggest holding. Magnetar Financial LLC owned approximately 1.08% of Southwestern Energy worth $79,946,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in SWN. Fruth Investment Management boosted its stake in shares of Southwestern Energy by 14.4% during the 1st quarter. Fruth Investment Management now owns 12,236 shares of the energy company’s stock worth $92,000 after purchasing an additional 1,536 shares during the last quarter. Joule Financial LLC increased its stake in Southwestern Energy by 3.4% in the second quarter. Joule Financial LLC now owns 55,421 shares of the energy company’s stock valued at $373,000 after purchasing an additional 1,806 shares during the last quarter. Confluence Investment Management LLC lifted its position in Southwestern Energy by 2.1% during the second quarter. Confluence Investment Management LLC now owns 88,912 shares of the energy company’s stock worth $598,000 after buying an additional 1,825 shares during the period. TD Asset Management Inc boosted its stake in Southwestern Energy by 0.4% in the 2nd quarter. TD Asset Management Inc now owns 590,130 shares of the energy company’s stock worth $3,972,000 after buying an additional 2,130 shares during the last quarter. Finally, CWM LLC increased its stake in shares of Southwestern Energy by 17.8% during the 1st quarter. CWM LLC now owns 15,136 shares of the energy company’s stock valued at $115,000 after acquiring an additional 2,289 shares during the last quarter. 86.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. StockNews.com initiated coverage on shares of Southwestern Energy in a research report on Wednesday, September 11th. They issued a “sell” rating on the stock. Wolfe Research started coverage on shares of Southwestern Energy in a research note on Thursday, July 18th. They set a “peer perform” rating for the company. Piper Sandler dropped their price objective on Southwestern Energy from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Thursday, August 15th. Susquehanna reduced their target price on Southwestern Energy from $7.00 to $6.50 and set a “neutral” rating on the stock in a report on Monday, August 19th. Finally, Scotiabank dropped their price target on Southwestern Energy from $9.50 to $9.00 and set a “sector perform” rating for the company in a research note on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $8.56.

Southwestern Energy Price Performance

SWN stock opened at $6.72 on Monday. Southwestern Energy has a 52-week low of $5.85 and a 52-week high of $7.80. The stock’s 50 day moving average is $6.32 and its two-hundred day moving average is $6.91. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $7.41 billion, a PE ratio of -3.86 and a beta of 1.12.

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

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.