Allianz Asset Management GmbH cut its holdings in Sanchez Energy Corp (NYSE:SN) by 17.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 214,784 shares of the energy producer’s stock after selling 44,256 shares during the period. Allianz Asset Management GmbH owned about 0.26% of Sanchez Energy worth $1,035,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC lifted its position in shares of Sanchez Energy by 485.9% in the 2nd quarter. SG Americas Securities LLC now owns 180,093 shares of the energy producer’s stock worth $1,293,000 after purchasing an additional 149,355 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Sanchez Energy by 44.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,789,224 shares of the energy producer’s stock worth $8,804,000 after purchasing an additional 554,240 shares during the period. Sei Investments Co. lifted its position in shares of Sanchez Energy by 8.2% in the 2nd quarter. Sei Investments Co. now owns 156,185 shares of the energy producer’s stock worth $1,121,000 after purchasing an additional 11,863 shares during the period. Baker Avenue Asset Management LP lifted its position in shares of Sanchez Energy by 41.1% in the 2nd quarter. Baker Avenue Asset Management LP now owns 160,856 shares of the energy producer’s stock worth $1,155,000 after purchasing an additional 46,841 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC bought a new position in shares of Sanchez Energy during the 2nd quarter worth approximately $32,388,000. Hedge funds and other institutional investors own 59.05% of the company’s stock.
In other Sanchez Energy news, insider Eduardo Augusto Sanchez sold 250,337 shares of Sanchez Energy stock in a transaction dated Thursday, December 13th. The shares were sold at an average price of $4.66, for a total transaction of $1,166,570.42. Following the completion of the sale, the insider now directly owns 985,644 shares in the company, valued at $4,593,101.04. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Gregory B. Kopel sold 7,960 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $5.61, for a total transaction of $44,655.60. Following the completion of the transaction, the vice president now directly owns 109,488 shares of the company’s stock, valued at approximately $614,227.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 605,022 shares of company stock valued at $2,880,942. 14.70% of the stock is owned by company insiders.
Shares of Sanchez Energy Corp (NYSE SN) opened at $5.99 on Friday. Sanchez Energy Corp has a 12-month low of $3.58 and a 12-month high of $14.39. The stock has a market cap of $503.93, a PE ratio of 21.39 and a beta of 1.72. The company has a debt-to-equity ratio of -3.72, a quick ratio of 0.88 and a current ratio of 0.88.
Several research analysts recently commented on the stock. Piper Jaffray Companies reiterated a “hold” rating and set a $8.00 price objective on shares of Sanchez Energy in a research note on Tuesday. SunTrust Banks restated a “hold” rating and set a $5.00 price target on shares of Sanchez Energy in a research note on Friday, October 20th. BMO Capital Markets set a $5.00 price objective on shares of Sanchez Energy and gave the stock a “hold” rating in a research note on Tuesday, November 14th. Zacks Investment Research upgraded shares of Sanchez Energy from a “hold” rating to a “buy” rating and set a $6.00 price objective on the stock in a research note on Wednesday, December 27th. 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 report on Wednesday, October 4th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. Sanchez Energy currently has a consensus rating of “Hold” and a consensus price target of $9.62.
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Sanchez Energy 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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