Jones Energy, Inc. (JONE) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. trimmed its position in Jones Energy, Inc. (NYSE:JONE) by 30.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,694,901 shares of the oil and gas producer’s stock after selling 750,525 shares during the period. Vanguard Group Inc. owned approximately 2.55% of Jones Energy worth $2,712,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in Jones Energy by 382.6% in the first quarter. Bank of America Corp DE now owns 41,062 shares of the oil and gas producer’s stock worth $105,000 after purchasing an additional 32,554 shares during the period. Parametric Portfolio Associates LLC lifted its position in Jones Energy by 11.1% in the first quarter. Parametric Portfolio Associates LLC now owns 41,601 shares of the oil and gas producer’s stock worth $106,000 after purchasing an additional 4,170 shares during the period. TIAA CREF Investment Management LLC increased its holdings in shares of Jones Energy by 4.1% in the first quarter. TIAA CREF Investment Management LLC now owns 150,239 shares of the oil and gas producer’s stock valued at $383,000 after buying an additional 5,947 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Jones Energy by 358.0% in the first quarter. Goldman Sachs Group Inc. now owns 177,531 shares of the oil and gas producer’s stock valued at $453,000 after buying an additional 138,766 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Jones Energy by 15.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 221,239 shares of the oil and gas producer’s stock valued at $565,000 after buying an additional 28,901 shares in the last quarter. Hedge funds and other institutional investors own 59.41% of the company’s stock.

Jones Energy, Inc. (NYSE JONE) traded down $0.05 during midday trading on Wednesday, hitting $0.97. The company’s stock had a trading volume of 1,078,700 shares, compared to its average volume of 1,154,606. Jones Energy, Inc. has a 52 week low of $0.85 and a 52 week high of $5.34. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.07.

In other Jones Energy news, major shareholder Metalmark Capital Ii Llc sold 62,981 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $1.01, for a total value of $63,610.81. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold 3,239,891 shares of company stock worth $4,172,754 in the last ninety days. 37.20% of the stock is owned by corporate insiders.

Several research firms have issued reports on JONE. Zacks Investment Research cut Jones Energy from a “hold” rating to a “sell” rating in a report on Tuesday, November 28th. ValuEngine raised Jones Energy from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. Stephens cut Jones Energy from an “overweight” rating to an “equal weight” rating in a report on Wednesday, November 8th. Finally, Barclays dropped their price target on Jones Energy from $1.50 to $0.50 and set an “underweight” rating on the stock in a report on Monday, November 20th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $3.75.

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Jones Energy Profile

Jones Energy, Inc is an independent oil and gas company engaged in the exploration, development, production and acquisition of oil and natural gas properties. The Company’s assets are located within the Anadarko and Arkoma basins of Texas and Oklahoma. It owns leasehold interests in oil and natural gas producing properties, as well as in undeveloped acreage, located in the Anadarko and Arkoma basins in Texas and Oklahoma.

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Institutional Ownership by Quarter for Jones Energy (NYSE:JONE)

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