M&T Bank Corp Increases Position in SRC Energy Inc (SRCI)

M&T Bank Corp boosted its position in shares of SRC Energy Inc (NYSEAMERICAN:SRCI) by 18.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,764 shares of the oil and natural gas company’s stock after buying an additional 7,568 shares during the period. M&T Bank Corp’s holdings in SRC Energy were worth $416,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SRCI. JPMorgan Chase & Co. lifted its stake in shares of SRC Energy by 1.1% in the 3rd 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 purchasing an additional 129,611 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of SRC Energy by 3.8% in the 4th quarter. Victory Capital Management Inc. now owns 10,944,544 shares of the oil and natural gas company’s stock valued at $93,357,000 after purchasing an additional 397,554 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of SRC Energy by 5.4% in the 2nd quarter. Vanguard Group Inc. now owns 10,901,745 shares of the oil and natural gas company’s stock valued at $73,369,000 after purchasing an additional 558,923 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of SRC Energy by 18.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 10,659,732 shares of the oil and natural gas company’s stock valued at $103,079,000 after purchasing an additional 1,690,467 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of SRC Energy by 135.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,270,736 shares of the oil and natural gas company’s stock valued at $41,300,000 after purchasing an additional 2,457,602 shares during the last quarter.

SRCI has been the subject of a number of research analyst reports. Zacks Investment Research lowered SRC Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Citigroup decreased their price target on SRC Energy from $10.00 to $9.50 and set a “neutral” rating for the company in a research note on Tuesday, February 13th. Imperial Capital reissued an “outperform” rating and set a $16.00 price target (up from $14.00) on shares of SRC Energy in a research note on Thursday, February 1st. Credit Suisse Group raised SRC Energy from an “underperform” rating to a “neutral” rating and set a $8.00 price target for the company in a research note on Wednesday, January 31st. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $14.00 price target on shares of SRC Energy in a research note on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company’s stock. SRC Energy presently has an average rating of “Buy” and a consensus target price of $12.13.

SRC Energy Inc (SRCI) opened at $8.88 on Friday. The company has a market capitalization of $2,150.00, a price-to-earnings ratio of 18.50 and a beta of 1.57. SRC Energy Inc has a fifty-two week low of $6.19 and a fifty-two week high of $10.44.

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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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