Citigroup Inc. Buys 21,490 Shares of Stone Energy Co. (SGY)

Citigroup Inc. raised its holdings in shares of Stone Energy Co. (NYSE:SGY) by 64.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,810 shares of the oil and natural gas company’s stock after acquiring an additional 21,490 shares during the quarter. Citigroup Inc. owned approximately 0.27% of Stone Energy worth $2,033,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of SGY. Dimensional Fund Advisors LP bought a new stake in Stone Energy during the third quarter valued at about $2,486,000. Schwab Charles Investment Management Inc. grew its position in shares of Stone Energy by 56.8% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 185,714 shares of the oil and natural gas company’s stock valued at $5,973,000 after purchasing an additional 67,257 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in shares of Stone Energy during the fourth quarter valued at about $213,000. Swiss National Bank purchased a new position in shares of Stone Energy during the fourth quarter valued at about $1,097,000. Finally, Bank of New York Mellon Corp grew its position in shares of Stone Energy by 216.4% during the fourth quarter. Bank of New York Mellon Corp now owns 257,509 shares of the oil and natural gas company’s stock valued at $8,281,000 after purchasing an additional 176,110 shares in the last quarter. 98.94% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently weighed in on SGY. Zacks Investment Research lowered Stone Energy from a “buy” rating to a “hold” rating in a research report on Thursday, March 22nd. ValuEngine upgraded Stone Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $12.38.



Shares of Stone Energy stock opened at $35.49 on Friday. Stone Energy Co. has a twelve month low of $16.76 and a twelve month high of $40.16. The company has a quick ratio of 2.12, a current ratio of 2.96 and a debt-to-equity ratio of 0.72.

About Stone Energy

Stone Energy Corporation, an independent oil and natural gas company, engages in the acquisition, exploration, exploitation, development, and operation of oil and gas properties in the Gulf of Mexico. As of December 31, 2017, it had an estimated proved oil and natural gas reserves of approximately 32.5 million barrels of oil equivalent.

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

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