Dimensional Fund Advisors LP increased its position in shares of SRC Energy Inc (NYSEAMERICAN:SRCI) by 18.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,659,732 shares of the oil and natural gas company’s stock after acquiring an additional 1,690,467 shares during the quarter. Dimensional Fund Advisors LP owned approximately 5.30% of SRC Energy worth $103,079,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Schwab Charles Investment Management Inc. lifted its position in SRC Energy by 22.6% in the third quarter. Schwab Charles Investment Management Inc. now owns 964,650 shares of the oil and natural gas company’s stock valued at $9,329,000 after buying an additional 177,652 shares during the last quarter. Campbell & CO Investment Adviser LLC lifted its position in SRC Energy by 323.4% in the third quarter. Campbell & CO Investment Adviser LLC now owns 44,296 shares of the oil and natural gas company’s stock valued at $428,000 after buying an additional 33,835 shares during the last quarter. Wells Fargo & Company MN lifted its position in SRC Energy by 5.2% in the third quarter. Wells Fargo & Company MN now owns 719,747 shares of the oil and natural gas company’s stock valued at $6,960,000 after buying an additional 35,771 shares during the last quarter. Schroder Investment Management Group lifted its position in SRC Energy by 3.8% in the third quarter. Schroder Investment Management Group now owns 1,883,380 shares of the oil and natural gas company’s stock valued at $18,062,000 after buying an additional 69,014 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in SRC Energy by 1.1% in the third quarter. JPMorgan Chase & Co. now owns 11,864,084 shares of the oil and natural gas company’s stock valued at $113,776,000 after buying an additional 129,611 shares during the last quarter.

A number of research analysts have commented on SRCI shares. SunTrust Banks reaffirmed a “buy” rating and issued a $12.00 target price on shares of SRC Energy in a research report on Friday, October 27th. Royal Bank of Canada reiterated a “buy” rating and set a $13.00 price target on shares of SRC Energy in a research note on Tuesday, November 7th. Zacks Investment Research lowered shares of SRC Energy from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Robert W. Baird reiterated a “buy” rating and set a $12.00 price target on shares of SRC Energy in a research note on Friday, September 1st. Finally, Jefferies Group started coverage on shares of SRC Energy in a research note on Monday, October 9th. They set a “buy” rating and a $12.00 price target on the stock. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $11.73.

SRC Energy Inc (SRCI) opened at $8.15 on Wednesday. SRC Energy Inc has a one year low of $6.19 and a one year high of $10.22.

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SRC Energy 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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Institutional Ownership by Quarter for SRC Energy (NYSEAMERICAN:SRCI)

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