Point72 Asia Singapore Pte. Ltd. Acquires 375,017 Shares of Southwestern Energy (NYSE:SWN)

Point72 Asia Singapore Pte. Ltd. increased its stake in Southwestern Energy (NYSE:SWN) by 55.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,052,957 shares of the energy company’s stock after acquiring an additional 375,017 shares during the quarter. Southwestern Energy accounts for approximately 1.5% of Point72 Asia Singapore Pte. Ltd.’s portfolio, making the stock its 12th largest position. Point72 Asia Singapore Pte. Ltd.’s holdings in Southwestern Energy were worth $7,086,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SWN. Squarepoint Ops LLC increased its stake in Southwestern Energy by 243.8% in the second quarter. Squarepoint Ops LLC now owns 2,072,500 shares of the energy company’s stock valued at $13,948,000 after purchasing an additional 1,469,736 shares in the last quarter. Aristeia Capital L.L.C. acquired a new stake in shares of Southwestern Energy in the 2nd quarter valued at about $655,000. Point72 DIFC Ltd bought a new stake in Southwestern Energy in the 2nd quarter valued at about $3,440,000. Marshall Wace LLP raised its stake in Southwestern Energy by 4,786.2% during the 2nd quarter. Marshall Wace LLP now owns 791,169 shares of the energy company’s stock worth $5,325,000 after buying an additional 774,977 shares during the period. Finally, Sagefield Capital LP boosted its holdings in Southwestern Energy by 55.4% in the second quarter. Sagefield Capital LP now owns 6,744,343 shares of the energy company’s stock worth $45,389,000 after acquiring an additional 2,404,762 shares in the last quarter. Institutional investors and hedge funds own 86.97% of the company’s stock.

Southwestern Energy Stock Performance

Shares of NYSE SWN opened at $6.88 on Wednesday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.53 and a current ratio of 0.53. The stock’s 50 day moving average price is $6.32 and its 200-day moving average price is $6.91. Southwestern Energy has a twelve month low of $5.85 and a twelve month high of $7.80.

Southwestern Energy (NYSE:SWN) last issued its quarterly earnings results on Thursday, August 1st. The energy company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates 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 last year, the company posted $0.09 earnings per share. As a group, equities analysts predict that Southwestern Energy will post 0.56 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on SWN shares. Wolfe Research started coverage on Southwestern Energy in a report on Thursday, July 18th. They set a “peer perform” rating for the company. Scotiabank dropped their price objective on shares of Southwestern Energy from $9.50 to $9.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 20th. Piper Sandler reduced their price objective on shares of 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 started coverage on shares of Southwestern Energy in a report on Wednesday, September 11th. They issued a “sell” rating on the stock. Finally, Susquehanna cut their price target on Southwestern Energy from $7.00 to $6.50 and set a “neutral” rating for the company in a research note on Monday, August 19th. 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 MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $8.56.

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.