Southwestern Energy (SWN) Position Raised by BlackRock Inc.

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BlackRock Inc. increased its position in shares of Southwestern Energy (NYSE:SWN) by 2.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 69,664,476 shares of the energy company’s stock after purchasing an additional 1,762,041 shares during the period. BlackRock Inc. owned 0.12% of Southwestern Energy worth $237,557,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SWN. Courier Capital LLC acquired a new stake in Southwestern Energy in the fourth quarter valued at approximately $48,000. New York State Common Retirement Fund raised its holdings in Southwestern Energy by 2.1% in the fourth quarter. New York State Common Retirement Fund now owns 742,433 shares of the energy company’s stock valued at $2,532,000 after acquiring an additional 15,088 shares in the last quarter. 361 Capital LLC acquired a new stake in Southwestern Energy in the fourth quarter valued at approximately $1,717,000. Acadian Asset Management LLC raised its holdings in Southwestern Energy by 1,255.0% in the fourth quarter. Acadian Asset Management LLC now owns 20,894 shares of the energy company’s stock valued at $71,000 after acquiring an additional 19,352 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in Southwestern Energy by 24.1% in the fourth quarter. First Trust Advisors LP now owns 1,803,808 shares of the energy company’s stock valued at $6,151,000 after acquiring an additional 349,971 shares in the last quarter. Hedge funds and other institutional investors own 92.98% of the company’s stock.

SWN stock opened at $4.32 on Monday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.13 and a current ratio of 1.13. Southwestern Energy has a twelve month low of $3.23 and a twelve month high of $6.23. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 4.24 and a beta of 1.29.

SWN has been the topic of several analyst reports. Bank of America cut shares of Southwestern Energy from a “neutral” rating to an “underperform” rating in a report on Friday, January 4th. MKM Partners reaffirmed a “neutral” rating and issued a $4.00 target price on shares of Southwestern Energy in a report on Wednesday, January 16th. B. Riley set a $7.00 target price on shares of Southwestern Energy and gave the company a “buy” rating in a report on Friday, January 18th. Morgan Stanley set a $4.00 target price on shares of Southwestern Energy and gave the company a “sell” rating in a report on Tuesday, January 29th. Finally, Mitsubishi UFJ Financial Group reduced their target price on shares of Southwestern Energy to $5.00 and set a “neutral” rating on the stock in a report on Friday, February 8th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $5.61.

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Southwestern Energy Profile

Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas and oil in the United States. It operates through two segments, Exploration and Production, and Midstream. The company focuses on the development of unconventional natural gas reservoirs located in Pennsylvania and West Virginia.

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Institutional Ownership by Quarter for Southwestern Energy (NYSE:SWN)

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