Morgan Stanley is Buying Jones Energy Inc. (NYSE:JONE) Shares

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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Jones Energy Inc. (NYSE:JONE) reported that Morgan Stanley has picked up 3,942,777 of common stock as of 2017-07-03.

The acquisition brings the aggregate amount owned by Morgan Stanley to a total of 3,942,777 representing a 5.8% stake in the company.

For those not familiar with the company, 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. The Company’s oil is generally sold under short-term, extendable and cancellable agreements with unaffiliated purchasers. The Company’s natural gas is sold at delivery points at or near producing wells to natural gas gathering and marketing companies. Its total estimated proved reserves are approximately 101.7 million barrels of oil equivalent (MMBoe). Approximately 25% of its total estimated proved reserves consist of oil, over 32% consist of natural gas liquids (NGLs) and over 43% consist of natural gas. Its properties include over 1,020 gross producing wells.

A glance at Jones Energy Inc. (NYSE:JONE)’s key stats reveals a current market capitalization of $147.81 Million based on $63.37 Million shares outstanding and a price at last close of $1.55 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-08-26, Jvl picked up 9,025,270 at a purchase price of $2.77. This brings their total holding to 15,629,320 as of the date of the filing.

On the sell side, the most recent transaction saw Mcconnell unload 38,927 shares at a sale price of $1.95. This brings their total holding to 336,853.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an Jones Energy Inc. (NYSE:JONE) as things move forward to see if its progress aligns with these transactions.

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