Schwab Charles Investment Management Inc. lifted its holdings in shares of Stone Energy Co. (NYSE:SGY) by 56.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 185,714 shares of the oil and natural gas company’s stock after purchasing an additional 67,257 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.93% of Stone Energy worth $5,973,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of SGY. Nationwide Fund Advisors purchased a new stake in Stone Energy in the second quarter worth approximately $204,000. New York State Common Retirement Fund purchased a new stake in Stone Energy in the second quarter worth approximately $384,000. Northern Trust Corp purchased a new stake in Stone Energy in the second quarter worth approximately $3,650,000. Parametric Portfolio Associates LLC purchased a new stake in Stone Energy in the second quarter worth approximately $386,000. Finally, State Street Corp boosted its stake in Stone Energy by 2,548.1% in the second quarter. State Street Corp now owns 308,242 shares of the oil and natural gas company’s stock worth $5,669,000 after buying an additional 296,602 shares in the last quarter. 98.82% of the stock is owned by institutional investors.
Shares of Stone Energy Co. (NYSE:SGY) opened at $36.36 on Tuesday. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.81. Stone Energy Co. has a 12-month low of $16.76 and a 12-month high of $39.70.
About Stone Energy
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.
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