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What to Expect from Southwestern Energy’s 3Q17 Earnings

PART:
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Part 8
What to Expect from Southwestern Energy’s 3Q17 Earnings PART 8 OF 8

Are Institutional Investors Bailing on Southwestern Energy’s Stock?

13F filers’ statistics for Southwestern Energy

In 2Q17, 213 funds were “buyers” of Southwestern Energy’s (SWN) stock, and 218 funds were “sellers” of SWN stock. That means, in 2Q17, total selling funds outnumbered total buying funds by 5. As of June 30, 2017, 367 13F filers held SWN in their portfolio, out of which only one filer has SWN in their top ten holdings.

Are Institutional Investors Bailing on Southwestern Energy’s Stock?

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Even, when looked from the aggregate number of shares point of view, for 2Q17, 13F filers reduced their aggregate SWN holdings by 3.40% or, from ~471.45 million shares to ~455.44 million shares.

In notable reductions, Vanguard Group reduced its SWN holding. In 2Q17 Vanguard Group sold 13.18 million shares of SWN to bring its total SWN exposure to 46.07 million shares. SWN constitutes 0.01% of Vanguard Group’s portfolio.

State Street Corporation also reduced its SWN holding by ~11.35 million shares, to bring its position in SWN to ~20.74 million shares. SWN constitutes 0.01% of State Street Corporation’s portfolio.

As of June 30, 2017, Southwestern Energy had ~509 million common shares outstanding.

Form 13F is a SEC mandate, which needs to be submitted by all institutional investors who manage more than $100 million in assets.

For a contrarian view, in 2Q17, 13F filers increased their aggregate holdings in other oil and gas production companies operating in Permian Basin like Diamondback Energy (FANG), RSP Permian (RSPP) and Energen (EGN) by 5.27%, 11.81%, and 8.81% respectively.

To know more about why institutional investors are upbeat on oil and gas producers located in the Permian Basin, refer Market Realist series on “The Dirt on the Permian Basin: Hot or Not?”

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