Dimensional Fund Advisors LP Buys New Position in Stone Energy Co. (SGY)

Dimensional Fund Advisors LP acquired a new stake in Stone Energy Co. (NYSE:SGY) in the 3rd quarter, HoldingsChannel reports. The fund acquired 85,539 shares of the oil and natural gas company’s stock, valued at approximately $2,486,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Nationwide Fund Advisors acquired a new position in Stone Energy in the second quarter valued at $204,000. New York State Common Retirement Fund acquired a new position in Stone Energy in the second quarter valued at $384,000. Parametric Portfolio Associates LLC acquired a new position in Stone Energy in the second quarter valued at $386,000. Schwab Charles Investment Management Inc. boosted its stake in Stone Energy by 25.1% in the third quarter. Schwab Charles Investment Management Inc. now owns 118,457 shares of the oil and natural gas company’s stock valued at $3,443,000 after acquiring an additional 23,793 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. acquired a new position in Stone Energy in the second quarter valued at $627,000. Institutional investors own 97.43% of the company’s stock.

Shares of Stone Energy Co. (NYSE SGY) opened at $32.02 on Thursday. Stone Energy Co. has a 1-year low of $16.50 and a 1-year high of $39.70. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.81.

Several equities analysts have issued reports on SGY shares. Zacks Investment Research downgraded shares of Stone Energy from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. ValuEngine upgraded shares of Stone Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, January 16th. BMO Capital Markets restated a “buy” rating and issued a $2.75 price objective on shares of Stone Energy in a research note on Wednesday, November 15th. Canaccord Genuity restated a “buy” rating and issued a $3.25 price objective on shares of Stone Energy in a research note on Thursday, December 14th. Finally, National Securities downgraded shares of Stone Energy from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $12.10.

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Stone Energy Company Profile

Stone Energy Corporation is an independent oil and natural gas company. The Company is engaged in the acquisition, exploration, exploitation, development and operation of oil and gas properties. The Company operates in the Gulf of Mexico (GOM) basin. It has leveraged its operations in the GOM conventional shelf and has its reserve base in the prolific basins of the GOM deep water, Gulf Coast deep gas, and the Marcellus and Utica shales in Appalachia.

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Institutional Ownership by Quarter for Stone Energy (NYSE:SGY)

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