Teacher Retirement System of Texas lessened its position in SRC Energy Inc (NYSEAMERICAN:SRCI) by 34.2% in the first quarter, HoldingsChannel.com reports. The fund owned 52,142 shares of the oil and natural gas company’s stock after selling 27,118 shares during the period. Teacher Retirement System of Texas’ holdings in SRC Energy were worth $492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in SRCI. Schwab Charles Investment Management Inc. grew its position in shares of SRC Energy by 16.0% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,118,763 shares of the oil and natural gas company’s stock valued at $9,544,000 after acquiring an additional 154,113 shares during the period. Comerica Bank grew its position in shares of SRC Energy by 51.6% in the 4th quarter. Comerica Bank now owns 323,001 shares of the oil and natural gas company’s stock valued at $3,101,000 after acquiring an additional 109,896 shares during the period. Aperio Group LLC grew its position in shares of SRC Energy by 15.6% in the 4th quarter. Aperio Group LLC now owns 86,351 shares of the oil and natural gas company’s stock valued at $737,000 after acquiring an additional 11,638 shares during the period. CIBC Asset Management Inc grew its position in shares of SRC Energy by 69.4% in the 4th quarter. CIBC Asset Management Inc now owns 29,511 shares of the oil and natural gas company’s stock valued at $252,000 after acquiring an additional 12,091 shares during the period. Finally, M&T Bank Corp grew its position in shares of SRC Energy by 18.4% in the 4th quarter. M&T Bank Corp now owns 48,764 shares of the oil and natural gas company’s stock valued at $416,000 after acquiring an additional 7,568 shares during the period.

Shares of SRC Energy opened at $10.99 on Wednesday, Marketbeat reports. SRC Energy Inc has a twelve month low of $6.19 and a twelve month high of $13.32.

SRC Energy (NYSEAMERICAN:SRCI) last issued its quarterly earnings data on Wednesday, May 2nd. The oil and natural gas company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. SRC Energy had a net margin of 36.53% and a return on equity of 18.08%. The business had revenue of $147.23 million during the quarter, compared to analysts’ expectations of $146.40 million.

Several analysts recently commented on SRCI shares. Zacks Investment Research downgraded shares of SRC Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 21st. Stifel Nicolaus set a $13.00 target price on shares of SRC Energy and gave the stock a “buy” rating in a report on Wednesday, March 28th. Stephens reaffirmed a “buy” rating and set a $14.00 target price on shares of SRC Energy in a report on Thursday, March 15th. Jefferies Financial Group set a $13.00 target price on shares of SRC Energy and gave the stock a “buy” rating in a report on Monday, March 19th. Finally, Roth Capital downgraded shares of SRC Energy from a “buy” rating to a “neutral” rating and set a $12.00 target price for the company. in a report on Monday, April 30th. One analyst has rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $12.26.

About SRC Energy

SRC Energy Inc, an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids primarily in the Denver-Julesburg Basin of Colorado. As of December 31, 2017, it had net proved oil and natural gas reserves of 69.4 million barrels of oil and condensate, 559.9 billion cubic feet of natural gas, and 64.0 million barrels of natural gas liquids; and operated 551 net producing wells, as well as had 98,600 gross and 88,300 net acres under lease in the Wattenberg Field.

Want to see what other hedge funds are holding SRCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SRC Energy Inc (NYSEAMERICAN:SRCI).

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

Receive News & Ratings for SRC Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SRC Energy and related companies with MarketBeat.com's FREE daily email newsletter.