5 Best Cheap Stocks To Buy For Long Term

2. Southwestern Energy Company (NYSE:SWN)

Latest Price To Earnings Ratio: 6.34

Number of Hedge Fund Investors In Q3 2023: 44

Southwestern Energy Company (NYSE:SWN) is a Texas-based oil and gas exploration and production company. A slowdown in the natural gas industry was evident during its third quarter earnings, which saw net income drop substantially to $45 million from the year ago quarter’s $450 million.

For their third quarter of 2023 shareholdings, 44 out of the 910 hedge funds in Insider Monkey’s database were the firm’s investors. Southwestern Energy Company (NYSE:SWN)’s biggest shareholder in our database is D. E. Shaw’s D E Shaw as it owns $185 million worth of shares.

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