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.
TRADEMARK VIOLATION NOTICE: “Dimensional Fund Advisors LP Buys New Position in Stone Energy Co. (SGY)” was originally reported by Community Financial News and is owned by of Community Financial News. If you are viewing this news story on another site, it was copied illegally and republished in violation of international trademark & copyright laws. The legal version of this news story can be read at https://www.com-unik.info/2018/02/08/dimensional-fund-advisors-lp-buys-new-position-in-stone-energy-co-sgy.html.
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.
Want to see what other hedge funds are holding SGY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stone Energy Co. (NYSE:SGY).
Receive News & Ratings for Stone Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stone Energy and related companies with MarketBeat.com's FREE daily email newsletter.