Sanchez Energy Corp (NYSE:SN) Shares Bought by Stonebridge Capital Management Inc.

Stonebridge Capital Management Inc. raised its holdings in Sanchez Energy Corp (NYSE:SN) by 61.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 305,600 shares of the energy producer’s stock after purchasing an additional 116,025 shares during the period. Stonebridge Capital Management Inc. owned about 0.35% of Sanchez Energy worth $31,000 as of its most recent SEC filing.

Separately, Geode Capital Management LLC raised its position in shares of Sanchez Energy by 14.9% during the 4th quarter. Geode Capital Management LLC now owns 1,174,896 shares of the energy producer’s stock valued at $316,000 after acquiring an additional 151,951 shares in the last quarter. Institutional investors own 39.90% of the company’s stock.

Shares of SN stock remained flat at $$0.08 on Wednesday. The company had a trading volume of 108,449 shares, compared to its average volume of 2,081,394. The company has a market cap of $6.74 million, a P/E ratio of -0.24 and a beta of 2.46. Sanchez Energy Corp has a twelve month low of $0.22 and a twelve month high of $5.13. The business’s fifty day moving average is $0.16.

About Sanchez Energy

Sanchez Energy Corporation, an independent exploration and production company, focuses on the acquisition and development of U.S. onshore unconventional oil and natural gas resources. It engages in the horizontal development of resources from the Eagle Ford Shale in South Texas. It also holds an undeveloped acreage position in the Tuscaloosa Marine Shale (TMS) in Mississippi and Louisiana.

Further Reading: Elliott Wave Theory

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

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