Russell Investments Group Ltd. reduced its stake in Jones Energy, Inc. (NYSE:JONE) by 5.6% during the first quarter, Holdings Channel reports. The firm owned 633,054 shares of the oil and gas producer’s stock after selling 37,672 shares during the period. Russell Investments Group Ltd.’s holdings in Jones Energy were worth $1,614,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in JONE. Metropolitan Life Insurance Co. NY bought a new position in Jones Energy during the fourth quarter valued at approximately $237,000. Ellington Management Group LLC acquired a new stake in shares of Jones Energy during the fourth quarter valued at $384,000. Teachers Advisors LLC boosted its stake in shares of Jones Energy by 72.6% in the fourth quarter. Teachers Advisors LLC now owns 95,968 shares of the oil and gas producer’s stock valued at $480,000 after buying an additional 40,362 shares in the last quarter. Guggenheim Capital LLC boosted its stake in shares of Jones Energy by 0.4% in the fourth quarter. Guggenheim Capital LLC now owns 111,558 shares of the oil and gas producer’s stock valued at $558,000 after buying an additional 414 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Jones Energy by 4.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 243,006 shares of the oil and gas producer’s stock valued at $1,215,000 after buying an additional 11,027 shares in the last quarter.
Shares of Jones Energy, Inc. (JONE) opened at 1.70 on Tuesday. The company’s market cap is $111.41 million. Jones Energy, Inc. has a 12 month low of $1.60 and a 12 month high of $4.91. The company has a 50-day moving average of $2.06 and a 200 day moving average of $3.30.
Several equities research analysts recently weighed in on JONE shares. Stifel Nicolaus restated a “buy” rating and issued a $5.00 price target on shares of Jones Energy in a research report on Monday, April 17th. SunTrust Banks, Inc. restated a “buy” rating on shares of Jones Energy in a research report on Monday, March 13th. Barclays PLC restated an “underweight” rating and issued a $2.00 price target (down previously from $3.00) on shares of Jones Energy in a research report on Saturday, April 22nd. Finally, Zacks Investment Research cut shares of Jones Energy from a “buy” rating to a “hold” rating in a research report on Friday, April 21st. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. Jones Energy has a consensus rating of “Buy” and an average target price of $4.64.
In other news, President Mike Mcconnell sold 38,927 shares of the business’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $1.95, for a total transaction of $75,907.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Eric Niccum sold 40,000 shares of the business’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $1.91, for a total value of $76,400.00. The disclosure for this sale can be found here. 37.20% of the stock is currently owned by insiders.
About Jones Energy
Jones Energy, Inc is an independent oil and gas company engaged in the exploration, development, production and acquisition of oil and natural gas properties. The Company’s assets are located within the Anadarko and Arkoma basins of Texas and Oklahoma. It owns leasehold interests in oil and natural gas producing properties, as well as in undeveloped acreage, located in the Anadarko and Arkoma basins in Texas and Oklahoma.
Want to see what other hedge funds are holding JONE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jones Energy, Inc. (NYSE:JONE).
Receive News & Ratings for Jones Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jones Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.