Smith Asset Management Group LP acquired a new position in shares of Sanchez Energy Corp (NYSE:SN) during the second quarter, Holdings Channel reports. The institutional investor acquired 328,590 shares of the energy producer’s stock, valued at approximately $2,359,000.

Several other large investors have also modified their holdings of the stock. First Trust Advisors LP acquired a new stake in shares of Sanchez Energy Corp during the second quarter worth about $715,000. Schwab Charles Investment Management Inc. increased its stake in shares of Sanchez Energy Corp by 1.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 301,467 shares of the energy producer’s stock worth $2,165,000 after buying an additional 3,725 shares during the last quarter. Stratos Wealth Partners LTD. increased its stake in shares of Sanchez Energy Corp by 7.4% in the second quarter. Stratos Wealth Partners LTD. now owns 40,835 shares of the energy producer’s stock worth $293,000 after buying an additional 2,800 shares during the last quarter. Sei Investments Co. increased its stake in shares of Sanchez Energy Corp by 8.2% in the second quarter. Sei Investments Co. now owns 156,185 shares of the energy producer’s stock worth $1,121,000 after buying an additional 11,863 shares during the last quarter. Finally, Stonebridge Capital Management Inc. acquired a new stake in shares of Sanchez Energy Corp during the second quarter worth about $186,000. 76.19% of the stock is owned by hedge funds and other institutional investors.

Sanchez Energy Corp (NYSE SN) opened at 4.82 on Friday. Sanchez Energy Corp has a 1-year low of $4.38 and a 1-year high of $14.39. The stock’s market cap is $369.42 million. The company’s 50 day moving average is $6.01 and its 200-day moving average is $8.43.

Sanchez Energy Corp (NYSE:SN) last released its quarterly earnings results on Wednesday, August 9th. The energy producer reported ($0.30) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by $0.18. The company had revenue of $175.70 million for the quarter, compared to the consensus estimate of $178.97 million. The business’s revenue for the quarter was up 58.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($3.20) EPS. Equities research analysts forecast that Sanchez Energy Corp will post ($0.48) earnings per share for the current fiscal year.

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A number of equities research analysts have recently issued reports on the stock. Capital One Financial Corporation downgraded shares of Sanchez Energy Corp from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, July 26th. BidaskClub downgraded shares of Sanchez Energy Corp from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Royal Bank Of Canada reissued a “buy” rating and set a $10.00 price objective on shares of Sanchez Energy Corp in a research report on Thursday, July 20th. Zacks Investment Research downgraded shares of Sanchez Energy Corp from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, BMO Capital Markets reissued a “hold” rating and set a $5.00 price objective on shares of Sanchez Energy Corp in a research report on Tuesday, June 27th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $12.35.

In related news, VP Kirsten A. Hink sold 38,634 shares of the firm’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $5.02, for a total transaction of $193,942.68. Following the sale, the vice president now owns 178,390 shares in the company, valued at $895,517.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Thomas Brian Carney sold 10,204 shares of the firm’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $6.19, for a total transaction of $63,162.76. Following the sale, the director now owns 68,423 shares in the company, valued at approximately $423,538.37. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 84,926 shares of company stock worth $438,989. 14.70% of the stock is owned by company insiders.

About Sanchez Energy Corp

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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Institutional Ownership by Quarter for Sanchez Energy Corp (NYSE:SN)

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