Virginia Retirement Systems ET AL Sells 70,748 Shares of SRC Energy Inc (SRCI)

Virginia Retirement Systems ET AL lowered its position in SRC Energy Inc (NYSEAMERICAN:SRCI) by 25.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 211,574 shares of the oil and natural gas company’s stock after selling 70,748 shares during the quarter. Virginia Retirement Systems ET AL owned about 0.11% of SRC Energy worth $2,046,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. UBS Group AG purchased a new stake in SRC Energy in the 1st quarter worth about $101,000. Teacher Retirement System of Texas boosted its stake in SRC Energy by 3.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 15,503 shares of the oil and natural gas company’s stock worth $104,000 after purchasing an additional 502 shares during the period. Carnick & Kubik Group LLC bought a new position in SRC Energy in the 3rd quarter worth about $106,000. Ameritas Investment Partners Inc. boosted its stake in SRC Energy by 9.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 17,639 shares of the oil and natural gas company’s stock worth $119,000 after purchasing an additional 1,584 shares during the period. Finally, GSA Capital Partners LLP bought a new position in SRC Energy in the 2nd quarter worth about $133,000.

Shares of SRC Energy Inc (NYSEAMERICAN:SRCI) traded down $0.25 during trading on Tuesday, reaching $8.86. The company’s stock had a trading volume of 3,280,700 shares, compared to its average volume of 2,981,492. SRC Energy Inc has a 1-year low of $6.19 and a 1-year high of $10.38.

Several research analysts have commented on the company. Stephens restated an “overweight” rating and issued a $12.00 target price (up previously from $11.00) on shares of SRC Energy in a research note on Saturday, September 30th. Imperial Capital restated an “outperform” rating on shares of SRC Energy in a research note on Thursday, September 28th. BidaskClub upgraded SRC Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, October 3rd. Roth Capital restated a “buy” rating and issued a $11.00 target price on shares of SRC Energy in a research note on Monday, October 2nd. Finally, Stifel Nicolaus set a $10.00 target price on SRC Energy and gave the stock a “buy” rating in a research note on Thursday, October 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have assigned a buy rating to the stock. SRC Energy presently has a consensus rating of “Buy” and a consensus target price of $11.88.

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SRC Energy 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.

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

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