JPMorgan Chase & Co. Decreases Position in Jones Energy, Inc. (JONE)

JPMorgan Chase & Co. Decreases Position in Jones Energy, Inc. (JONE)

JPMorgan Chase & Co. decreased its position in shares of Jones Energy, Inc. (NYSE:JONE) by 1.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 348,875 shares of the company’s stock after selling 6,700 shares during the period. JPMorgan Chase & Co.’s holdings in Jones Energy were worth $1,242,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. UBS Oconnor LLC boosted its position in Jones Energy by 32.6% in the second quarter. UBS Oconnor LLC now owns 403,770 shares of the company’s stock worth $1,664,000 after buying an additional 99,286 shares during the period. Teachers Advisors Inc. increased its position in shares of Jones Energy by 91.9% in the second quarter. Teachers Advisors Inc. now owns 55,606 shares of the company’s stock worth $229,000 after buying an additional 26,626 shares in the last quarter. Metalmark Management II LLC increased its position in shares of Jones Energy by 0.3% in the second quarter. Metalmark Management II LLC now owns 18,311,360 shares of the company’s stock worth $75,443,000 after buying an additional 55,930 shares in the last quarter. Globeflex Capital L P bought a new position in shares of Jones Energy during the second quarter worth approximately $424,000. Finally, BlackRock Institutional Trust Company N.A. increased its position in shares of Jones Energy by 7.2% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 476,815 shares of the company’s stock worth $1,964,000 after buying an additional 31,914 shares in the last quarter.

Jones Energy, Inc. (NYSE:JONE) traded down 0.521% on Friday, hitting $4.775. 105,326 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $4.97 and its 200-day moving average price is $3.99. The company’s market cap is $272.22 million. Jones Energy, Inc. has a 12-month low of $1.16 and a 12-month high of $5.34.

A number of equities analysts have recently issued reports on JONE shares. Stifel Nicolaus upgraded shares of Jones Energy from a “hold” rating to a “buy” rating and increased their price objective for the company from $3.00 to $6.00 in a research note on Wednesday, October 5th. SunTrust Banks, Inc. upgraded shares of Jones Energy from a “hold” rating to a “buy” rating and set a $7.00 price objective on the stock in a research note on Tuesday, January 17th. Zacks Investment Research upgraded shares of Jones Energy from a “hold” rating to a “buy” rating and set a $5.50 price objective on the stock in a research note on Tuesday, January 3rd. Iberia Capital reiterated an “outperform” rating and set a $9.00 price objective on shares of Jones Energy in a research note on Monday, December 19th. Finally, Stephens started coverage on shares of Jones Energy in a research note on Friday, December 16th. They set an “overweight” rating on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $5.36.

Jones Energy Company 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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