Schroder Investment Management Group Purchases 69,014 Shares of SRC Energy Inc (SRCI)

Schroder Investment Management Group grew its position in shares of SRC Energy Inc (NYSEAMERICAN:SRCI) by 3.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,883,380 shares of the oil and natural gas company’s stock after purchasing an additional 69,014 shares during the quarter. Schroder Investment Management Group owned approximately 0.94% of SRC Energy worth $18,062,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Teacher Retirement System of Texas grew its stake in SRC Energy by 3.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 15,503 shares of the oil and natural gas company’s stock valued at $104,000 after acquiring an additional 502 shares during the period. Texas Permanent School Fund grew its stake in SRC Energy by 0.9% in the 2nd quarter. Texas Permanent School Fund now owns 146,626 shares of the oil and natural gas company’s stock valued at $987,000 after acquiring an additional 1,336 shares during the period. Ameritas Investment Partners Inc. grew its stake in SRC Energy by 9.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 17,639 shares of the oil and natural gas company’s stock valued at $119,000 after acquiring an additional 1,584 shares during the period. Municipal Employees Retirement System of Michigan grew its stake in SRC Energy by 3.7% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 47,380 shares of the oil and natural gas company’s stock valued at $319,000 after acquiring an additional 1,670 shares during the period. Finally, Amalgamated Bank grew its stake in SRC Energy by 9.1% in the 2nd quarter. Amalgamated Bank now owns 27,551 shares of the oil and natural gas company’s stock valued at $185,000 after acquiring an additional 2,305 shares during the period.

Several equities research analysts have issued reports on the stock. SunTrust Banks reaffirmed a “buy” rating and set a $12.00 target price on shares of SRC Energy in a research note on Friday, October 27th. BidaskClub cut shares of SRC Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Stephens reaffirmed an “overweight” rating and set a $12.00 target price (up previously from $11.00) on shares of SRC Energy in a research note on Saturday, September 30th. Imperial Capital assumed coverage on shares of SRC Energy in a research note on Thursday, September 28th. They set an “outperform” rating and a $11.00 target price on the stock. Finally, BMO Capital Markets set a $9.00 target price on shares of SRC Energy and gave the stock a “hold” rating in a research note on Sunday, August 13th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $11.88.

Shares of SRC Energy Inc (NYSEAMERICAN SRCI) traded down $0.12 during mid-day trading on Wednesday, hitting $8.74. 2,616,800 shares of the stock traded hands, compared to its average volume of 2,979,933. SRC Energy Inc has a 1 year low of $6.19 and a 1 year high of $10.38.

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About SRC Energy

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.

Institutional Ownership by Quarter for SRC Energy (NYSEAMERICAN:SRCI)

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