Highbridge Capital Management LLC Acquires New Stake in Southwestern Energy Company (SWN)

Highbridge Capital Management LLC acquired a new position in shares of Southwestern Energy Company (NYSE:SWN) during the third quarter, Holdings Channel reports. The institutional investor acquired 82,743 shares of the energy company’s stock, valued at approximately $1,145,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Lazard Asset Management LLC acquired a new position in Southwestern Energy Company during the third quarter worth approximately $112,000. Virtus Investment Advisers Inc. acquired a new position in Southwestern Energy Company during the third quarter worth approximately $130,000. Victory Capital Management Inc. increased its position in Southwestern Energy Company by 90.6% in the third quarter. Victory Capital Management Inc. now owns 9,420 shares of the energy company’s stock worth $130,000 after buying an additional 4,477 shares during the last quarter. Globeflex Capital L P acquired a new position in Southwestern Energy Company during the third quarter worth approximately $136,000. Finally, Bourgeon Capital Management LLC acquired a new position in Southwestern Energy Company during the second quarter worth approximately $126,000. Institutional investors and hedge funds own 99.03% of the company’s stock.

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

Shares of Southwestern Energy Company (NYSE:SWN) traded down 0.99% on Friday, reaching $9.01. The company had a trading volume of 9,354,045 shares. The stock’s market capitalization is $4.40 billion. The company has a 50 day moving average price of $9.77 and a 200 day moving average price of $11.97. Southwestern Energy Company has a 52-week low of $5.30 and a 52-week high of $15.59.

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A number of research analysts recently issued reports on the company. Zacks Investment Research upgraded Southwestern Energy Company from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Tuesday. Scotiabank restated a “hold” rating and set a $13.00 price target on shares of Southwestern Energy Company in a research note on Monday. Barclays PLC upgraded Southwestern Energy Company from an “underweight” rating to an “equal weight” rating and set a $11.00 price target on the stock in a research note on Monday, January 23rd. Tudor Pickering downgraded Southwestern Energy Company from a “buy” rating to a “hold” rating in a research note on Friday, December 2nd. Finally, Robert W. Baird upgraded Southwestern Energy Company from a “market perform” rating to an “outperform” rating and set a $18.00 price target on the stock in a research note on Monday, November 28th. Five investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $14.28.

In other news, insider Robert Craig Owen sold 37,500 shares of the stock in a transaction on Tuesday, December 6th. The stock was sold at an average price of $12.22, for a total transaction of $458,250.00. Following the completion of the sale, the insider now owns 101,649 shares in the company, valued at approximately $1,242,150.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jennifer N. Mccauley sold 3,611 shares of the stock in a transaction on Friday, December 9th. The shares were sold at an average price of $12.61, for a total value of $45,534.71. Following the sale, the senior vice president now owns 21,399 shares of the company’s stock, valued at approximately $269,841.39. The disclosure for this sale can be found here. 1.16% of the stock is currently owned by corporate insiders.

Southwestern Energy Company Company Profile

Southwestern Energy Company is an independent energy company engaged in natural gas and oil exploration, development and production. The Company operates through two segments: Exploration and Production (E&P) and Midstream Services. Its operations are focused on the development of unconventional natural gas reservoirs located in Pennsylvania, West Virginia and Arkansas.

5 Day Chart for NYSE:SWN

Want to see what other hedge funds are holding SWN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Southwestern Energy Company (NYSE:SWN).

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