NWQ Investment Management Company LLC cut its holdings in shares of SRC Energy Inc (NYSEAMERICAN:SRCI) by 29.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,276,907 shares of the oil and natural gas company’s stock after selling 1,342,743 shares during the quarter. NWQ Investment Management Company LLC owned about 1.63% of SRC Energy worth $31,688,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SRCI. Ameriprise Financial Inc. lifted its position in SRC Energy by 135.5% during the third quarter. Ameriprise Financial Inc. now owns 4,270,736 shares of the oil and natural gas company’s stock worth $41,300,000 after buying an additional 2,457,602 shares during the period. Fine Capital Partners L.P. lifted its position in SRC Energy by 21.5% during the second quarter. Fine Capital Partners L.P. now owns 10,234,909 shares of the oil and natural gas company’s stock worth $68,881,000 after buying an additional 1,813,361 shares during the period. Dimensional Fund Advisors LP lifted its position in SRC Energy by 18.8% during the third quarter. Dimensional Fund Advisors LP now owns 10,659,732 shares of the oil and natural gas company’s stock worth $103,079,000 after buying an additional 1,690,467 shares during the period. JPMorgan Chase & Co. lifted its position in SRC Energy by 13.8% during the second quarter. JPMorgan Chase & Co. now owns 11,734,473 shares of the oil and natural gas company’s stock worth $78,972,000 after buying an additional 1,420,495 shares during the period. Finally, Westwood Holdings Group Inc. lifted its position in SRC Energy by 70.9% during the second quarter. Westwood Holdings Group Inc. now owns 2,931,999 shares of the oil and natural gas company’s stock worth $19,732,000 after buying an additional 1,216,866 shares during the period.

SRC Energy Inc (NYSEAMERICAN SRCI) traded down $0.63 during mid-day trading on Thursday, hitting $8.11. The stock had a trading volume of 2,561,600 shares, compared to its average volume of 2,978,153. SRC Energy Inc has a fifty-two week low of $6.19 and a fifty-two week high of $10.38.

A number of research firms have recently commented on SRCI. BMO Capital Markets set a $9.00 price objective on SRC Energy and gave the stock a “hold” rating in a report on Sunday, August 13th. BidaskClub upgraded SRC Energy from a “hold” rating to a “buy” rating in a report on Tuesday, October 3rd. Imperial Capital restated an “outperform” rating on shares of SRC Energy in a report on Thursday, September 28th. Citigroup raised their price objective on SRC Energy from $8.00 to $8.50 and gave the stock a “neutral” rating in a report on Tuesday, August 15th. Finally, Stephens restated an “overweight” rating and issued a $12.00 price objective (up from $11.00) on shares of SRC Energy in a report on Saturday, September 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $11.88.

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SRC Energy Company Profile

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.

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

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