Rhumbline Advisers raised its stake in shares of SRC Energy Inc (NYSEAMERICAN:SRCI) by 32.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 542,676 shares of the oil and natural gas company’s stock after buying an additional 134,117 shares during the quarter. Rhumbline Advisers’ holdings in SRC Energy were worth $4,629,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SRCI. M&T Bank Corp boosted its holdings in shares of SRC Energy by 18.4% during the 4th quarter. M&T Bank Corp now owns 48,764 shares of the oil and natural gas company’s stock valued at $416,000 after buying an additional 7,568 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of SRC Energy by 3.6% during the 3rd quarter. First Trust Advisors LP now owns 233,556 shares of the oil and natural gas company’s stock valued at $2,258,000 after buying an additional 8,034 shares in the last quarter. New York State Teachers Retirement System boosted its holdings in shares of SRC Energy by 1.9% during the 3rd quarter. New York State Teachers Retirement System now owns 429,974 shares of the oil and natural gas company’s stock valued at $4,158,000 after buying an additional 8,100 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of SRC Energy by 20.6% during the 4th quarter. State of Alaska Department of Revenue now owns 48,083 shares of the oil and natural gas company’s stock valued at $410,000 after buying an additional 8,210 shares in the last quarter. Finally, American International Group Inc. boosted its holdings in shares of SRC Energy by 5.8% during the 3rd quarter. American International Group Inc. now owns 159,122 shares of the oil and natural gas company’s stock valued at $1,539,000 after buying an additional 8,658 shares in the last quarter.

How to Become a New Pot Stock Millionaire

SRC Energy Inc (SRCI) opened at $9.18 on Monday. The stock has a market cap of $2,220.00, a PE ratio of 13.50 and a beta of 1.62. SRC Energy Inc has a one year low of $6.19 and a one year high of $10.44.

SRCI has been the topic of a number of research reports. Imperial Capital restated an “outperform” rating and set a $13.00 target price (up previously from $11.00) on shares of SRC Energy in a report on Monday, November 13th. BidaskClub cut shares of SRC Energy from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. BMO Capital Markets set a $10.00 target price on shares of SRC Energy and gave the company a “hold” rating in a report on Tuesday, November 14th. Credit Suisse Group initiated coverage on shares of SRC Energy in a report on Monday, December 11th. They set an “underperform” rating and a $8.00 target price on the stock. Finally, Robert W. Baird dropped their target price on shares of SRC Energy from $12.00 to $11.00 and set an “outperform” rating on the stock in a report on Monday, December 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $12.36.

TRADEMARK VIOLATION NOTICE: “SRC Energy Inc (SRCI) Shares Bought by Rhumbline Advisers” was published by Watch List News and is owned by of Watch List News. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. and international copyright law. The correct version of this report can be accessed at https://www.watchlistnews.com/src-energy-inc-srci-shares-bought-by-rhumbline-advisers/1925435.html.

About SRC Energy

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.

Want to see what other hedge funds are holding SRCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SRC Energy Inc (NYSEAMERICAN:SRCI).

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

Receive News & Ratings for SRC Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SRC Energy and related companies with MarketBeat.com's FREE daily email newsletter.