Chartwell Investment Partners LLC Decreases Position in SRC Energy Inc (SRCI)
Chartwell Investment Partners LLC cut its position in shares of SRC Energy Inc (NYSEAMERICAN:SRCI) by 2.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,517,400 shares of the oil and natural gas company’s stock after selling 40,600 shares during the quarter. Chartwell Investment Partners LLC owned 0.75% of SRC Energy worth $14,673,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of SRCI. UBS Group AG bought a new position in SRC Energy in the first quarter valued at approximately $101,000. Teacher Retirement System of Texas grew its stake in SRC Energy by 3.3% in the second quarter. Teacher Retirement System of Texas now owns 15,503 shares of the oil and natural gas company’s stock valued at $104,000 after purchasing an additional 502 shares in the last quarter. Carnick & Kubik Group LLC bought a new position in SRC Energy in the third quarter valued at approximately $106,000. OppenheimerFunds Inc. bought a new position in SRC Energy in the first quarter valued at approximately $118,000. Finally, Ameritas Investment Partners Inc. grew its stake in SRC Energy by 9.9% in the second quarter. Ameritas Investment Partners Inc. now owns 17,639 shares of the oil and natural gas company’s stock valued at $119,000 after purchasing an additional 1,584 shares in the last quarter.
A number of analysts have recently issued reports on the company. Stephens reaffirmed an “overweight” rating and issued a $12.00 price objective (up from $11.00) on shares of SRC Energy in a research report on Saturday, September 30th. Imperial Capital reaffirmed an “outperform” rating on shares of SRC Energy in a research report on Thursday, September 28th. BidaskClub raised SRC Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, October 3rd. Roth Capital reaffirmed a “buy” rating and issued a $11.00 price objective on shares of SRC Energy in a research report on Monday, October 2nd. Finally, Stifel Nicolaus set a $10.00 price objective on SRC Energy and gave the company a “buy” rating in a research report on Thursday, October 5th. One analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have issued a buy rating to the company. SRC Energy has a consensus rating of “Buy” and a consensus target price of $11.88.
Shares of SRC Energy Inc (NYSEAMERICAN:SRCI) traded down $0.14 on Tuesday, hitting $8.19. The stock had a trading volume of 2,051,600 shares, compared to its average volume of 2,994,955. SRC Energy Inc has a one year low of $6.19 and a one year high of $10.38.
SRC Energy Company Profile
SRC Energy Inc, formerly Synergy Resources Corporation, is an independent oil and natural gas company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in and around the Denver-Julesburg Basin (D-J Basin) of Colorado. The D-J Basin generally extends from the Denver metropolitan area throughout northeast Colorado into Wyoming, Nebraska, and Kansas.
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