SRC Energy Inc (SRCI) Shares Sold by Keeley Teton Advisors LLC
Keeley Teton Advisors LLC cut its holdings in shares of SRC Energy Inc (NYSEAMERICAN:SRCI) by 22.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,736,349 shares of the oil and natural gas company’s stock after selling 494,421 shares during the period. Keeley Teton Advisors LLC owned about 0.86% of SRC Energy worth $16,790,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Miller Howard Investments Inc. NY acquired a new position in SRC Energy during the 3rd quarter worth $168,000. Northern Trust Corp lifted its holdings in SRC Energy by 6.3% during the 2nd quarter. Northern Trust Corp now owns 3,562,827 shares of the oil and natural gas company’s stock worth $23,977,000 after buying an additional 212,710 shares in the last quarter. Vivaldi Asset Management LLC acquired a new position in SRC Energy during the 2nd quarter worth $3,321,000. Prudential Financial Inc. lifted its holdings in SRC Energy by 78.7% during the 3rd quarter. Prudential Financial Inc. now owns 613,450 shares of the oil and natural gas company’s stock worth $5,932,000 after buying an additional 270,090 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in SRC Energy by 8.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 156,440 shares of the oil and natural gas company’s stock worth $1,053,000 after buying an additional 12,290 shares in the last quarter.
SRC Energy Inc (NYSEAMERICAN SRCI) traded down $0.63 during mid-day trading on Thursday, hitting $8.11. The stock had a trading volume of 2,561,600 shares, compared to its average volume of 2,978,153. SRC Energy Inc has a one year low of $6.19 and a one year high of $10.38.
Several research firms have issued reports on SRCI. BMO Capital Markets set a $9.00 price objective on SRC Energy and gave the stock a “hold” rating in a report on Sunday, August 13th. BidaskClub raised SRC Energy from a “hold” rating to a “buy” rating in a report on Tuesday, October 3rd. Imperial Capital reaffirmed an “outperform” rating on shares of SRC Energy in a report on Thursday, September 28th. Citigroup upped their price objective on SRC Energy from $8.00 to $8.50 and gave the stock a “neutral” rating in a report on Tuesday, August 15th. Finally, Stephens reaffirmed an “overweight” rating and set a $12.00 price objective (up previously from $11.00) on shares of SRC Energy in a report on Saturday, September 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $11.88.
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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