Vident Investment Advisory buys $8.3 Million stake in Southwestern Energy Company (SWN)

Southwestern Energy Company (SWN) : Vident Investment Advisory scooped up 322,743 additional shares in Southwestern Energy Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 23, 2016. The investment management firm now holds a total of 633,444 shares of Southwestern Energy Company which is valued at $8.3 Million.Southwestern Energy Company makes up approximately 0.57% of Vident Investment Advisory’s portfolio.

Other Hedge Funds, Including , Bridgeway Capital Management Inc sold out all of its stake in SWN during the most recent quarter. The investment firm sold 13,000 shares of SWN which is valued $151,450.Croft-leominster Inc reduced its stake in SWN by selling 32,000 shares or 54.04% in the most recent quarter. The Hedge Fund company now holds 27,215 shares of SWN which is valued at $317,055. Southwestern Energy Company makes up approx 0.07% of Croft-leominster Inc’s portfolio.Hsbc Holdings Plc reduced its stake in SWN by selling 139,975 shares or 28.89% in the most recent quarter. The Hedge Fund company now holds 344,575 shares of SWN which is valued at $3.9 Million. Southwestern Energy Company makes up approx 0.01% of Hsbc Holdings Plc’s portfolio.Canada Pension Plan Investment Board reduced its stake in SWN by selling 676,400 shares or 59.54% in the most recent quarter. The Hedge Fund company now holds 459,679 shares of SWN which is valued at $5.2 Million. Southwestern Energy Company makes up approx 0.02% of Canada Pension Plan Investment Board’s portfolio.

Southwestern Energy Company closed down -0.07 points or -0.53% at $13.06 with 79,17,108 shares getting traded on Friday. Post opening the session at $13.05, the shares hit an intraday low of $12.825 and an intraday high of $13.2499 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Southwestern Energy Company reported $-0.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $-0.20. The company had revenue of $579.00 million for the quarter, compared to analysts expectations of $561.50 million. The company’s revenue was down -37.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.22 EPS.

Many Wall Street Analysts have commented on Southwestern Energy Company. Southwestern Energy Company was Downgraded by KLR Group to ” Accumulate” on Apr 25, 2016. Company shares were Downgraded by UBS on Apr 19, 2016 to ” Sell”, Firm has raised the Price Target to $ 9 from a previous price target of $7 .Southwestern Energy Company was Downgraded by JP Morgan to ” Underweight” on Apr 15, 2016.

Southwestern Energy Company is an energy company engaged in natural gas and oil exploration development and production (E&P). The Company is focused on creating and capturing additional value through its natural gas gathering and marketing businesses which it refer to as Midstream Services. The Company conducts its business through subsidiaries. The Company’s operations are focused within the United States on development of two natural gas reservoirs located in Arkansas and Pennsylvania. Its operations in Arkansas are focused on a natural gas reservoir Fayetteville Shale and its operations in northeast Pennsylvania are focused on the natural gas reservoir Marcellus Shale. The Company engages in natural gas gathering activities in Arkansas Texas Louisiana Pennsylvania and West Virginia.

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