Parametric Portfolio Associates LLC lowered its stake in shares of Sanchez Energy Corp (NYSE:SN) by 19.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 125,241 shares of the energy producer’s stock after selling 30,014 shares during the period. Parametric Portfolio Associates LLC owned about 0.16% of Sanchez Energy worth $899,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of SN. Legal & General Group Plc increased its stake in Sanchez Energy by 27.4% during the 1st quarter. Legal & General Group Plc now owns 17,348 shares of the energy producer’s stock worth $165,000 after buying an additional 3,733 shares during the period. Capital Fund Management S.A. purchased a new stake in shares of Sanchez Energy in the 2nd quarter valued at approximately $174,000. Cambridge Investment Research Advisors Inc. increased its position in shares of Sanchez Energy by 6.9% in the 2nd 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 during the last quarter. Stonebridge Capital Management Inc. purchased a new stake in shares of Sanchez Energy in the 2nd quarter valued at approximately $186,000. Finally, HAP Trading LLC purchased a new stake in shares of Sanchez Energy in the 2nd quarter valued at approximately $211,000. Hedge funds and other institutional investors own 59.48% of the company’s stock.
Several research firms have recently commented on SN. BMO Capital Markets set a $5.00 price target on shares of Sanchez Energy and gave the stock a “hold” rating in a report on Tuesday, October 10th. SunTrust Banks reissued a “hold” rating and issued a $5.00 target price on shares of Sanchez Energy in a research report on Friday, October 20th. Piper Jaffray Companies reissued a “neutral” rating and issued a $6.00 target price (down from $14.00) on shares of Sanchez Energy in a research report on Monday, September 18th. Stifel Nicolaus set a $5.00 target price on shares of Sanchez Energy and gave the stock a “hold” rating in a research report on Thursday, October 5th. Finally, Seaport Global Securities raised shares of Sanchez Energy from a “sell” rating to a “neutral” rating and set a $4.50 price target on the stock in a research report on Wednesday, October 4th. Three 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. The stock currently has an average rating of “Hold” and an average target price of $10.44.
Shares of Sanchez Energy Corp (NYSE SN) traded down $0.34 during midday trading on Monday, reaching $5.26. 3,895,041 shares of the company’s stock were exchanged, compared to its average volume of 3,606,844. Sanchez Energy Corp has a 52 week low of $3.58 and a 52 week high of $14.39. The company has a debt-to-equity ratio of -3.72, a current ratio of 0.88 and a quick ratio of 0.88.
In other 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 stock was acquired at an average cost of $4.45 per share, for a total transaction of $445,000.00. Following the completion of the purchase, the chief executive officer now owns 1,494,783 shares of the company’s stock, valued at approximately $6,651,784.35. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Patricio D. Sanchez purchased 320,000 shares of the stock in a transaction dated Friday, September 15th. The shares were acquired at an average cost of $4.55 per share, with a total value of $1,456,000.00. Following the acquisition, the insider now directly owns 473,485 shares in the company, valued at approximately $2,154,356.75. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 742,000 shares of company stock worth $3,379,220. Corporate insiders own 14.70% of the company’s stock.
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About Sanchez Energy
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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