Oakbrook Investments LLC bought a new position in Southwestern Energy Co. (NYSE:SWN) during the second quarter, Holdings Channel reports. The fund bought 62,550 shares of the energy company’s stock, valued at approximately $787,000.

A number of other hedge funds and other institutional investors have also modified their holdings of SWN. Advisor Partners LLC raised its position in shares of Southwestern Energy by 11.9% in the first quarter. Advisor Partners LLC now owns 13,501 shares of the energy company’s stock worth $109,000 after buying an additional 1,435 shares during the period. Simmons Bank acquired a new position in shares of Southwestern Energy during the first quarter worth about $113,000. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Southwestern Energy by 10.9% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 14,321 shares of the energy company’s stock worth $115,000 after buying an additional 1,402 shares during the period. Howard Hughes Medical Institute acquired a new position in shares of Southwestern Energy during the first quarter worth about $129,000. Finally, AXA raised its position in shares of Southwestern Energy by 143.1% in the first quarter. AXA now owns 16,200 shares of the energy company’s stock worth $131,000 after buying an additional 9,536 shares during the period. Institutional investors and hedge funds own 98.83% of the company’s stock.

Shares of Southwestern Energy Co. (NYSE:SWN) traded down 2.84% during midday trading on Friday, reaching $13.68. The company had a trading volume of 20,230,081 shares. The company has a 50 day moving average of $14.14 and a 200 day moving average of $11.99. The firm’s market capitalization is $5.30 billion. Southwestern Energy Co. has a 12-month low of $5.00 and a 12-month high of $16.21.

Southwestern Energy (NYSE:SWN) last released its quarterly earnings data on Friday, July 22nd. The energy company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.01. Southwestern Energy had a negative return on equity of 1.99% and a negative net margin of 220.65%. The company had revenue of $522 million for the quarter, compared to analysts’ expectations of $517.49 million. Analysts anticipate that Southwestern Energy Co. will post $0.04 EPS for the current year.

SWN has been the subject of a number of research reports. Vetr lowered shares of Southwestern Energy from a “strong-buy” rating to a “buy” rating and set a $13.92 price objective for the company. in a report on Wednesday, May 25th. Tudor Pickering raised shares of Southwestern Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, June 29th. Zacks Investment Research raised shares of Southwestern Energy from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Monday, July 11th. National Securities raised shares of Southwestern Energy from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $13.00 to $17.00 in a research report on Monday, July 25th. Finally, Stephens raised shares of Southwestern Energy from an “underweight” rating to an “equal weight” rating in a research report on Friday, July 22nd. Five equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Southwestern Energy presently has a consensus rating of “Hold” and a consensus price target of $12.44.

Southwestern Energy 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.

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