SRC Energy Inc (NYSEAMERICAN:SRCI) Shares Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd boosted its stake in shares of SRC Energy Inc (NYSEAMERICAN:SRCI) by 274.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,980 shares of the oil and natural gas company’s stock after purchasing an additional 35,892 shares during the quarter. WINTON GROUP Ltd’s holdings in SRC Energy were worth $243,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its position in SRC Energy by 10.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 16,318,394 shares of the oil and natural gas company’s stock worth $76,695,000 after acquiring an additional 1,497,267 shares during the period. Geode Capital Management LLC boosted its position in SRC Energy by 3.9% during the 4th quarter. Geode Capital Management LLC now owns 2,495,123 shares of the oil and natural gas company’s stock worth $11,727,000 after acquiring an additional 93,958 shares during the period. Principal Financial Group Inc. boosted its position in SRC Energy by 1.4% during the 4th quarter. Principal Financial Group Inc. now owns 2,110,943 shares of the oil and natural gas company’s stock worth $9,921,000 after acquiring an additional 28,998 shares during the period. Metropolitan Life Insurance Co. NY boosted its position in SRC Energy by 380.6% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 80,456 shares of the oil and natural gas company’s stock worth $378,000 after acquiring an additional 63,714 shares during the period. Finally, Municipal Employees Retirement System of Michigan acquired a new position in SRC Energy during the 4th quarter worth $376,000.

NYSEAMERICAN SRCI traded up $0.14 on Friday, reaching $4.16. The stock had a trading volume of 7,318,006 shares, compared to its average volume of 4,298,814. SRC Energy Inc has a 1 year low of $3.17 and a 1 year high of $11.68.

SRC Energy (NYSEAMERICAN:SRCI) last issued its earnings results on Wednesday, July 31st. The oil and natural gas company reported $0.22 EPS for the quarter, meeting analysts’ consensus estimates of $0.22. The firm had revenue of $162.60 million during the quarter, compared to analysts’ expectations of $179.12 million.

A number of analysts have recently commented on the company. Pivotal Research assumed coverage on SRC Energy in a research note on Wednesday, May 29th. They issued a “buy” rating and a $37.29 price objective on the stock. Wells Fargo & Co assumed coverage on SRC Energy in a research note on Monday, May 20th. They issued an “outperform” rating and a $8.00 price objective on the stock. Ifs Securities raised SRC Energy from an “outperform” rating to a “strong-buy” rating in a research note on Tuesday, April 23rd. Raymond James reissued a “strong-buy” rating and issued a $6.00 price objective (down previously from $7.00) on shares of SRC Energy in a research note on Friday. Finally, Cowen assumed coverage on SRC Energy in a research note on Tuesday, April 9th. They issued an “outperform” rating and a $8.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. SRC Energy presently has a consensus rating of “Buy” and an average price target of $11.44.

SRC Energy Profile

SRC Energy Inc, an oil and natural gas company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids primarily in the Denver-Julesburg Basin of Colorado. As of December 31, 2018, it had net proved oil and natural gas reserves of 88 million barrels of oil and condensate, 771.9 billion cubic feet of natural gas, and 89.1 million barrels of natural gas liquids; and operated 985 net producing wells, as well as had 95,200 gross and 86,200 net acres under lease in the Wattenberg Field.

See Also: Technical Analysis of Stocks and What It Means

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.