Schroder Investment Management Group reduced its stake in shares of Pengrowth Energy Corp (NYSE:PGH) (TSE:PGF) by 4.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,889,900 shares of the oil and gas company’s stock after selling 80,300 shares during the quarter. Schroder Investment Management Group owned 0.34% of Pengrowth Energy worth $1,569,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in PGH. Mackenzie Financial Corp grew its stake in shares of Pengrowth Energy by 4,161.5% in the fourth quarter. Mackenzie Financial Corp now owns 2,322,500 shares of the oil and gas company’s stock worth $1,845,000 after purchasing an additional 2,268,000 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Pengrowth Energy by 150.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 219,591 shares of the oil and gas company’s stock worth $174,000 after purchasing an additional 131,903 shares during the last quarter. Finally, Deutsche Bank AG grew its stake in shares of Pengrowth Energy by 26.8% in the fourth quarter. Deutsche Bank AG now owns 378,707 shares of the oil and gas company’s stock worth $301,000 after purchasing an additional 80,065 shares during the last quarter. 14.35% of the stock is currently owned by hedge funds and other institutional investors.
Pengrowth Energy traded down $0.01, hitting $0.73, during trading hours on Friday, Marketbeat Ratings reports. 351,390 shares of the stock traded hands, compared to its average volume of 397,369. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.37 and a current ratio of 0.37. The stock has a market cap of $405.07 million, a price-to-earnings ratio of -0.70 and a beta of 2.10. Pengrowth Energy Corp has a one year low of $0.54 and a one year high of $1.23.
Several analysts recently issued reports on PGH shares. Zacks Investment Research cut Pengrowth Energy from a “hold” rating to a “sell” rating in a research note on Saturday, May 5th. AltaCorp Capital cut Pengrowth Energy from a “sector perform” rating to an “underperform” rating in a research note on Wednesday, May 2nd. Finally, ValuEngine raised Pengrowth Energy from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 2nd. Five research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The stock currently has a consensus rating of “Sell” and an average target price of $1.00.
Pengrowth Energy Profile
Pengrowth Energy Corporation engages in the acquisition, exploration, development, and production of oil and natural gas assets in Alberta, British Columbia, Saskatchewan, and Nova Scotia provinces in Canada. The company explores for crude oil, bitumen, natural gas, shale gas, and natural gas liquids.
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