SilverBow Resources, Inc. (NYSE:SBOW) Director Marcus C. Rowland sold 7,938 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $28.74, for a total transaction of $228,138.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of SilverBow Resources, Inc. (NYSE:SBOW) traded up $0.36 on Monday, reaching $29.27. 31,091 shares of the company traded hands, compared to its average volume of 38,804. SilverBow Resources, Inc. has a 1 year low of $19.89 and a 1 year high of $33.21. The stock has a market cap of $335.36 and a P/E ratio of 4.74. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.56 and a current ratio of 0.56.
A number of institutional investors and hedge funds have recently made changes to their positions in SBOW. Teachers Advisors LLC purchased a new stake in SilverBow Resources during the 2nd quarter worth approximately $317,000. TIAA CREF Investment Management LLC purchased a new stake in SilverBow Resources during the 2nd quarter worth approximately $478,000. Nationwide Fund Advisors purchased a new stake in SilverBow Resources during the 2nd quarter worth approximately $104,000. New York State Common Retirement Fund purchased a new stake in SilverBow Resources during the 2nd quarter worth approximately $196,000. Finally, Northern Trust Corp purchased a new stake in SilverBow Resources during the 2nd quarter worth approximately $1,762,000. 67.03% of the stock is currently owned by hedge funds and other institutional investors.
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About SilverBow Resources
SilverBow Resources is a Houston-based energy company actively engaged in the exploration, development, and production of oil and gas from the Eagle Ford Shale in South Texas. With almost 30 years of history operating in South Texas, the Company possesses a significant understanding of regional reservoirs which they leverage to assemble drilling inventory.
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