5 Best Stocks Under $30 According to DE Shaw

4. Southwestern Energy Company (NYSE:SWN)

D.E. Shaw’s Stake Value: $180 million

Percentage of D.E. Shaw’s 13F Portfolio: 0.16%

Number of Hedge Fund Holders: 35

Stock Price as of May 25, 2022: $7.96

Southwestern Energy Company (NYSE:SWN) is an oil and gas explorer, producer, and developer that is based in Spring, Texas, United States. It has billions of cubic feet in natural gas reserves and focuses on reservoirs located in Pennsylvania, Virginia, Ohio, and Louisiana.

For its first fiscal quarter results, Southwestern Energy Company (NYSE:SWN) raked in $2.94 in revenue and $0.40 in non-GAAP EPS, in a strong set of results that beat Wall Street analyst estimates for both metrics. Citi raised its share price target to $8.25 from $6 in April 2022.

D.E. Shaw’s Q1 2022 investment in Southwestern Energy Company (NYSE:SWN) was worth $180 and it came in the form of 25 million shares. For the same time period, 35 of the 912 hedge funds profiled by Insider Monkey had invested in the firm.

David Iben’s Kopernik Global Investors is Southwestern Energy Company (NYSE:SWN)’s largest investor after D.E. Shaw through a $97 million stake that comes via 13 million shares.