Stratos Wealth Partners LTD. Grows Holdings in Sanchez Energy Corporation (SN)
Stratos Wealth Partners LTD. raised its position in shares of Sanchez Energy Corporation (NYSE:SN) by 31.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,535 shares of the energy producer’s stock after purchasing an additional 12,700 shares during the period. Stratos Wealth Partners LTD. owned approximately 0.06% of Sanchez Energy Corporation worth $258,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SN. Legal & General Group Plc raised its position in Sanchez Energy Corporation by 27.4% during the first quarter. Legal & General Group Plc now owns 17,348 shares of the energy producer’s stock valued at $165,000 after purchasing an additional 3,733 shares in the last quarter. Capital Fund Management S.A. purchased a new stake in Sanchez Energy Corporation during the second quarter valued at about $174,000. Cambridge Investment Research Advisors Inc. raised its position in Sanchez Energy Corporation by 6.9% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 25,400 shares of the energy producer’s stock valued at $182,000 after purchasing an additional 1,650 shares in the last quarter. Stonebridge Capital Management Inc. purchased a new stake in Sanchez Energy Corporation during the second quarter valued at about $186,000. Finally, HAP Trading LLC purchased a new stake in Sanchez Energy Corporation during the second quarter valued at about $211,000. Institutional investors and hedge funds own 69.32% of the company’s stock.
Shares of Sanchez Energy Corporation (SN) opened at $4.99 on Monday. The company has a debt-to-equity ratio of -3.72, a quick ratio of 0.88 and a current ratio of 0.88. Sanchez Energy Corporation has a 12 month low of $3.58 and a 12 month high of $14.39.
In other Sanchez Energy Corporation news, CEO Antonio R. Sanchez III bought 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The shares were bought at an average cost of $4.45 per share, with a total value of $445,000.00. Following the completion of the purchase, the chief executive officer now directly owns 1,494,783 shares of the company’s stock, valued at $6,651,784.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Howard J. Sr Thill, Sr. sold 16,499 shares of the firm’s stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $4.27, for a total value of $70,450.73. The disclosure for this sale can be found here. Insiders purchased 742,000 shares of company stock worth $3,379,220 over the last three months. 14.70% of the stock is owned by insiders.
A number of equities research analysts have weighed in on the company. Capital One Financial Corporation downgraded Sanchez Energy Corporation from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, July 26th. BidaskClub cut Sanchez Energy Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Stifel Nicolaus set a $5.00 price objective on Sanchez Energy Corporation and gave the company a “hold” rating in a research note on Thursday, October 5th. Seaport Global Securities raised Sanchez Energy Corporation from a “sell” rating to a “neutral” rating and set a $4.50 price objective on the stock in a research note on Wednesday, October 4th. Finally, J P Morgan Chase & Co assumed coverage on Sanchez Energy Corporation in a research note on Friday, September 15th. They set a “neutral” rating on the stock. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $10.44.
Sanchez Energy Corporation Company Profile
Sanchez Energy Corporation is an independent exploration and production company. The Company is focused on the acquisition and development of the United States onshore unconventional oil and natural gas resources. The Company primarily focuses on the Eagle Ford Shale in South Texas. The Company also holds an undeveloped acreage position in the Tuscaloosa Marine Shale (TMS) in Mississippi and Louisiana.
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