Jones Energy, Inc. (NYSE:JONE) Position Raised by Parametric Portfolio Associates LLC
Parametric Portfolio Associates LLC increased its stake in shares of Jones Energy, Inc. (NYSE:JONE) by 11.1% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 41,601 shares of the oil and gas producer’s stock after buying an additional 4,170 shares during the period. Parametric Portfolio Associates LLC’s holdings in Jones Energy were worth $106,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Guggenheim Capital LLC raised its position in Jones Energy by 0.4% in the fourth quarter. Guggenheim Capital LLC now owns 111,558 shares of the oil and gas producer’s stock worth $558,000 after buying an additional 414 shares during the period. Swiss National Bank raised its position in Jones Energy by 8.7% in the first quarter. Swiss National Bank now owns 97,215 shares of the oil and gas producer’s stock worth $248,000 after buying an additional 7,815 shares during the period. Dimensional Fund Advisors LP raised its position in Jones Energy by 4.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 243,006 shares of the oil and gas producer’s stock worth $1,215,000 after buying an additional 11,027 shares during the period. Chicago Equity Partners LLC raised its position in Jones Energy by 7.0% in the first quarter. Chicago Equity Partners LLC now owns 197,735 shares of the oil and gas producer’s stock worth $504,000 after buying an additional 12,860 shares during the period. Finally, Teachers Advisors LLC raised its position in Jones Energy by 72.6% in the fourth quarter. Teachers Advisors LLC now owns 95,968 shares of the oil and gas producer’s stock worth $480,000 after buying an additional 40,362 shares during the period.
Jones Energy, Inc. (NYSE JONE) opened at 1.30 on Thursday. The firm’s 50-day moving average is $1.46 and its 200 day moving average is $2.44. The stock’s market capitalization is $94.58 million. Jones Energy, Inc. has a 1-year low of $1.30 and a 1-year high of $5.34.
Jones Energy (NYSE:JONE) last issued its earnings results on Thursday, August 3rd. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.30. Jones Energy had a positive return on equity of 0.09% and a negative net margin of 79.19%. The business had revenue of $48.60 million during the quarter, compared to the consensus estimate of $53.93 million. During the same period last year, the company earned ($0.09) EPS. The company’s revenue for the quarter was up 67.0% on a year-over-year basis. Equities analysts anticipate that Jones Energy, Inc. will post ($0.42) EPS for the current fiscal year.
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A number of research analysts recently weighed in on the stock. J P Morgan Chase & Co lowered shares of Jones Energy from an “overweight” rating to a “neutral” rating and set a $1.50 target price for the company. in a report on Thursday, July 20th. Zacks Investment Research raised shares of Jones Energy from a “hold” rating to a “buy” rating and set a $2.25 target price for the company in a report on Wednesday, April 19th. Barclays PLC reissued an “underweight” rating and issued a $2.00 target price (down from $3.00) on shares of Jones Energy in a report on Saturday, April 22nd. Seaport Global Securities lowered shares of Jones Energy from a “buy” rating to a “neutral” rating and cut their target price for the company from $5.00 to $1.50 in a report on Wednesday, June 21st. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $5.00 target price on shares of Jones Energy in a report on Monday, April 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. Jones Energy currently has an average rating of “Hold” and an average price target of $3.91.
In other Jones Energy news, President Mike Mcconnell sold 38,927 shares of the firm’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $1.95, for a total value of $75,907.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Eric Niccum sold 40,000 shares of the firm’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $1.91, for a total value of $76,400.00. The disclosure for this sale can be found here. 37.20% of the stock is owned by company insiders.
Jones Energy Company Profile
Jones Energy, Inc is an independent oil and gas company engaged in the exploration, development, production and acquisition of oil and natural gas properties. The Company’s assets are located within the Anadarko and Arkoma basins of Texas and Oklahoma. It owns leasehold interests in oil and natural gas producing properties, as well as in undeveloped acreage, located in the Anadarko and Arkoma basins in Texas and Oklahoma.
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