Dimensional Fund Advisors LP Takes $2.49 Million Position in Stone Energy Co. (SGY)

Dimensional Fund Advisors LP acquired a new stake in Stone Energy Co. (NYSE:SGY) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 85,539 shares of the oil and natural gas company’s stock, valued at approximately $2,486,000. Dimensional Fund Advisors LP owned 0.43% of Stone Energy at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SGY. State Street Corp boosted its stake in shares of Stone Energy by 2,548.1% during the 2nd quarter. State Street Corp now owns 308,242 shares of the oil and natural gas company’s stock valued at $5,669,000 after purchasing an additional 296,602 shares in the last quarter. Northern Trust Corp bought a new stake in shares of Stone Energy during the 2nd quarter valued at about $3,650,000. Schwab Charles Investment Management Inc. boosted its stake in shares of Stone Energy by 25.1% during the 3rd 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 purchasing an additional 23,793 shares in the last quarter. TIAA CREF Investment Management LLC bought a new stake in shares of Stone Energy during the 2nd quarter valued at about $1,572,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Stone Energy during the 2nd quarter valued at about $1,497,000. Hedge funds and other institutional investors own 97.27% of the company’s stock.

Stone Energy Co. (NYSE SGY) traded down $1.45 during trading hours on Thursday, reaching $30.66. 64,619 shares of the company traded hands, compared to its average volume of 185,459. Stone Energy Co. has a 1-year low of $16.50 and a 1-year high of $39.70. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.20 and a current ratio of 2.20.

SGY has been the topic of a number of research reports. National Securities lowered shares of Stone Energy from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 28th. Zacks Investment Research raised shares of Stone Energy from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research note on Wednesday, December 20th. ValuEngine raised shares of Stone Energy from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 31st. BMO Capital Markets reaffirmed a “buy” rating and set a $2.75 target price on shares of Stone Energy in a research note on Wednesday, November 15th. Finally, Canaccord Genuity reissued a “buy” rating and set a $3.25 price objective on shares of Stone Energy in a research note on Thursday, December 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. Stone Energy currently has a consensus rating of “Hold” and a consensus price target 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.

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

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