Sanchez Energy Corp (SN) Stake Lifted by Phoenix Investment Adviser LLC

Phoenix Investment Adviser LLC lifted its position in shares of Sanchez Energy Corp (NYSE:SN) by 7,766.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 118,000 shares of the energy producer’s stock after acquiring an additional 116,500 shares during the quarter. Sanchez Energy comprises 0.6% of Phoenix Investment Adviser LLC’s holdings, making the stock its 25th biggest position. Phoenix Investment Adviser LLC’s holdings in Sanchez Energy were worth $627,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. increased its stake in shares of Sanchez Energy by 0.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 50,374 shares of the energy producer’s stock worth $362,000 after acquiring an additional 231 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in Sanchez Energy by 6.9% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 25,400 shares of the energy producer’s stock worth $182,000 after buying an additional 1,650 shares during the period. Schwab Charles Investment Management Inc. grew its position in Sanchez Energy by 1.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 301,467 shares of the energy producer’s stock worth $2,165,000 after buying an additional 3,725 shares during the period. Voya Investment Management LLC grew its position in Sanchez Energy by 16.8% during the second quarter. Voya Investment Management LLC now owns 33,214 shares of the energy producer’s stock worth $238,000 after buying an additional 4,770 shares during the period. Finally, California Public Employees Retirement System grew its position in Sanchez Energy by 2.2% during the second quarter. California Public Employees Retirement System now owns 294,800 shares of the energy producer’s stock worth $2,117,000 after buying an additional 6,400 shares during the period. Institutional investors and hedge funds own 59.05% of the company’s stock.

Shares of Sanchez Energy Corp (NYSE:SN) traded down $0.09 during midday trading on Friday, hitting $5.46. 3,189,028 shares of the company’s stock traded hands, compared to its average volume of 3,238,869. Sanchez Energy Corp has a 12 month low of $3.58 and a 12 month high of $14.39. The stock has a market capitalization of $457.66, a P/E ratio of 19.50 and a beta of 1.72. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of -3.72.

Sanchez Energy (NYSE:SN) last announced its quarterly earnings results on Thursday, November 2nd. The energy producer reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.07. equities research analysts expect that Sanchez Energy Corp will post -0.99 earnings per share for the current fiscal year.

Several brokerages have weighed in on SN. Zacks Investment Research lowered shares of Sanchez Energy from a “buy” rating to a “hold” rating in a research report on Friday. SunTrust Banks restated a “hold” rating and set a $5.00 target price on shares of Sanchez Energy in a research report on Friday, October 20th. Piper Jaffray Companies restated a “hold” rating and set a $8.00 target price on shares of Sanchez Energy in a research report on Tuesday, January 9th. BMO Capital Markets set a $5.00 target price on shares of Sanchez Energy and gave the stock a “hold” rating in a research report on Tuesday, November 14th. Finally, Seaport Global Securities upgraded shares of Sanchez Energy from a “sell” rating to a “neutral” rating and set a $4.50 target price on the stock in a research report on Wednesday, October 4th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. Sanchez Energy presently has an average rating of “Hold” and a consensus target price of $8.58.

In related news, Chairman Antonio R. Sanchez, Jr. sold 66,536 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $5.22, for a total transaction of $347,317.92. Following the transaction, the chairman now owns 1,642,316 shares of the company’s stock, valued at $8,572,889.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Christopher Heinson sold 19,903 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $5.22, for a total transaction of $103,893.66. Following the transaction, the chief operating officer now directly owns 579,022 shares in the company, valued at approximately $3,022,494.84. The disclosure for this sale can be found here. Insiders sold 605,022 shares of company stock worth $2,880,942 in the last ninety days. Insiders own 14.70% of the company’s stock.

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Sanchez Energy Company Profile

Sanchez Energy Corporation is an independent exploration and production company. The Company is focused on the acquisition and development of the United States onshore unconventional oil and natural gas resources. The Company primarily focuses on the Eagle Ford Shale in South Texas. The Company also holds an undeveloped acreage position in the Tuscaloosa Marine Shale (TMS) in Mississippi and Louisiana.

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Institutional Ownership by Quarter for Sanchez Energy (NYSE:SN)

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