Victory Capital Management Inc. Acquires 60,751 Shares of Earthstone Energy Inc (ESTE)

Victory Capital Management Inc. grew its holdings in shares of Earthstone Energy Inc (NYSE:ESTE) by 56.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 167,522 shares of the oil and gas producer’s stock after buying an additional 60,751 shares during the quarter. Victory Capital Management Inc. owned 0.26% of Earthstone Energy worth $1,781,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in Earthstone Energy by 8.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 35,607 shares of the oil and gas producer’s stock valued at $356,000 after purchasing an additional 2,787 shares during the last quarter. American International Group Inc. grew its holdings in Earthstone Energy by 109.0% during the 3rd quarter. American International Group Inc. now owns 12,796 shares of the oil and gas producer’s stock valued at $141,000 after purchasing an additional 6,673 shares during the last quarter. Parametric Portfolio Associates LLC grew its holdings in Earthstone Energy by 61.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 24,916 shares of the oil and gas producer’s stock valued at $249,000 after purchasing an additional 9,519 shares during the last quarter. New York State Common Retirement Fund grew its holdings in Earthstone Energy by 849.2% during the 2nd quarter. New York State Common Retirement Fund now owns 11,400 shares of the oil and gas producer’s stock valued at $114,000 after purchasing an additional 10,199 shares during the last quarter. Finally, Teachers Advisors LLC grew its holdings in Earthstone Energy by 144.8% during the 2nd quarter. Teachers Advisors LLC now owns 19,147 shares of the oil and gas producer’s stock valued at $192,000 after purchasing an additional 11,327 shares during the last quarter. Hedge funds and other institutional investors own 14.96% of the company’s stock.

Earthstone Energy Inc (ESTE) opened at $9.75 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.59 and a current ratio of 0.59. Earthstone Energy Inc has a one year low of $7.85 and a one year high of $15.00. The stock has a market cap of $611.43, a P/E ratio of -4.58 and a beta of 1.15.

ESTE has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Earthstone Energy from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Monday, January 8th. Northland Securities set a $14.00 target price on shares of Earthstone Energy and gave the stock a “buy” rating in a research note on Monday, December 11th. Seaport Global Securities upgraded shares of Earthstone Energy from a “neutral” rating to a “buy” rating and set a $11.00 target price on the stock in a research note on Tuesday, December 5th. Roth Capital set a $16.00 target price on shares of Earthstone Energy and gave the stock a “buy” rating in a research note on Monday, October 30th. Finally, SunTrust Banks restated a “buy” rating and issued a $14.00 target price on shares of Earthstone Energy in a research note on Tuesday, February 6th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $14.45.

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Earthstone Energy Profile

Earthstone Energy, Inc is an independent oil and natural gas development and production company. The Company is also engaged in corporate mergers and the acquisition of oil and natural gas properties that have production and future development opportunities. Its operations are all in the upstream segment of the oil and natural gas industry and all its properties are onshore in the United States.

Institutional Ownership by Quarter for Earthstone Energy (NYSE:ESTE)

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