Private Wealth Partners LLC Sells 10,000 Shares of SilverBow Resources, Inc. (NYSE:SBOW)

Private Wealth Partners LLC cut its stake in SilverBow Resources, Inc. (NYSE:SBOW) by 50.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 10,000 shares of the company’s stock after selling 10,000 shares during the period. Private Wealth Partners LLC’s holdings in SilverBow Resources were worth $291,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in SBOW. Wellington Management Group LLP bought a new stake in shares of SilverBow Resources in the third quarter worth approximately $7,659,000. Assenagon Asset Management S.A. grew its stake in shares of SilverBow Resources by 120.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 280,240 shares of the company’s stock worth $8,149,000 after acquiring an additional 152,987 shares during the period. Vanguard Group Inc. grew its position in SilverBow Resources by 18.7% during the third quarter. Vanguard Group Inc. now owns 909,694 shares of the company’s stock valued at $32,540,000 after buying an additional 143,071 shares during the period. Adage Capital Partners GP L.L.C. bought a new stake in SilverBow Resources during the third quarter valued at approximately $4,769,000. Finally, Qube Research & Technologies Ltd bought a new stake in SilverBow Resources during the third quarter valued at approximately $3,391,000. 91.83% of the stock is currently owned by institutional investors.

SilverBow Resources Price Performance

Shares of NYSE:SBOW traded up $0.58 during midday trading on Friday, reaching $32.03. 227,050 shares of the company were exchanged, compared to its average volume of 334,324. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.99. The business’s fifty day moving average is $31.80 and its two-hundred day moving average is $30.77. SilverBow Resources, Inc. has a one year low of $21.08 and a one year high of $43.95. The stock has a market cap of $817.41 million, a PE ratio of 2.63 and a beta of 2.46.

SilverBow Resources (NYSE:SBOW) last issued its earnings results on Wednesday, February 28th. The company reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $2.36 by ($0.89). SilverBow Resources had a return on equity of 14.50% and a net margin of 45.64%. The company had revenue of $212.04 million for the quarter, compared to the consensus estimate of $231.43 million. As a group, analysts predict that SilverBow Resources, Inc. will post 8.37 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on SBOW. Truist Financial cut their target price on shares of SilverBow Resources from $47.00 to $45.00 and set a “buy” rating for the company in a research report on Friday, April 5th. KeyCorp lowered shares of SilverBow Resources from an “overweight” rating to a “sector weight” rating in a research report on Thursday, January 11th. Mizuho reiterated a “buy” rating and issued a $42.00 price target on shares of SilverBow Resources in a research report on Friday, April 5th. Roth Mkm assumed coverage on shares of SilverBow Resources in a research report on Monday, February 12th. They issued a “buy” rating and a $41.00 price target for the company. Finally, TheStreet upgraded shares of SilverBow Resources from a “c” rating to a “b-” rating in a research report on Wednesday, February 28th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.50.

SilverBow Resources Company Profile

SilverBow Resources, Inc, an independent oil and gas company, exploration, develops, acquires, and operates oil and natural gas properties in the Eagle Ford shale and Austin Chalk located in South Texas. The company was formerly known as Swift Energy Company and changed its name to SilverBow Resources, Inc in May 2017.