Sanchez Energy Corporation (SN) Position Raised by Voya Investment Management LLC

Voya Investment Management LLC boosted its position in Sanchez Energy Corporation (NYSE:SN) by 16.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 33,214 shares of the energy producer’s stock after purchasing an additional 4,770 shares during the period. Voya Investment Management LLC’s holdings in Sanchez Energy Corporation were worth $238,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its stake in Sanchez Energy Corporation by 644.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 668,025 shares of the energy producer’s stock valued at $6,373,000 after purchasing an additional 578,236 shares during the last quarter. SG Americas Securities LLC lifted its stake in Sanchez Energy Corporation by 485.9% in the 2nd quarter. SG Americas Securities LLC now owns 180,093 shares of the energy producer’s stock valued at $1,293,000 after purchasing an additional 149,355 shares during the last quarter. Tudor Investment Corp ET AL acquired a new stake in Sanchez Energy Corporation in the 1st quarter valued at about $265,000. Sei Investments Co. lifted its stake in Sanchez Energy Corporation by 8.2% in the 2nd quarter. Sei Investments Co. now owns 156,185 shares of the energy producer’s stock valued at $1,121,000 after purchasing an additional 11,863 shares during the last quarter. Finally, Baker Avenue Asset Management LP lifted its stake in Sanchez Energy Corporation by 41.1% in the 2nd quarter. Baker Avenue Asset Management LP now owns 160,856 shares of the energy producer’s stock valued at $1,155,000 after purchasing an additional 46,841 shares during the last quarter. Institutional investors and hedge funds own 67.54% of the company’s stock.

Sanchez Energy Corporation (NYSE:SN) opened at $4.99 on Friday. Sanchez Energy Corporation has a fifty-two week low of $3.58 and a fifty-two week high of $14.39. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of -3.72.

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In other news, VP Howard J. Sr Thill, Sr. sold 16,499 shares of the firm’s stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $4.27, for a total transaction of $70,450.73. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Eduardo Augusto Sanchez bought 100,000 shares of the stock in a transaction dated Thursday, September 14th. The shares were acquired at an average cost of $4.77 per share, for a total transaction of $477,000.00. Following the completion of the acquisition, the president now directly owns 1,235,981 shares of the company’s stock, valued at approximately $5,895,629.37. The disclosure for this purchase can be found here. Insiders have bought 742,000 shares of company stock worth $3,379,220 over the last ninety days. Insiders own 14.70% of the company’s stock.

SN has been the subject of several recent analyst reports. Seaport Global Securities upgraded shares of Sanchez Energy Corporation from a “sell” rating to a “neutral” rating and set a $4.50 target price for the company in a research note on Wednesday, October 4th. BMO Capital Markets set a $5.00 target price on shares of Sanchez Energy Corporation and gave the company a “hold” rating in a research note on Tuesday, October 10th. Piper Jaffray Companies reiterated a “neutral” rating and issued a $6.00 target price (down from $14.00) on shares of Sanchez Energy Corporation in a research note on Monday, September 18th. Zacks Investment Research upgraded shares of Sanchez Energy Corporation from a “hold” rating to a “buy” rating and set a $4.75 target price for the company in a research note on Thursday, October 19th. Finally, BidaskClub downgraded shares of Sanchez Energy Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. Sanchez Energy Corporation currently has a consensus rating of “Hold” and a consensus price target of $10.44.

Sanchez Energy Corporation 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.

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

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