Northern Trust Corp cut its position in SandRidge Energy Inc. (NYSE:SD) by 2.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 351,524 shares of the oil and natural gas company’s stock after selling 9,409 shares during the quarter. Northern Trust Corp’s holdings in SandRidge Energy were worth $2,433,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SD. PenderFund Capital Management Ltd. purchased a new stake in shares of SandRidge Energy during the 2nd quarter valued at $7,162,000. Charles Schwab Investment Management Inc. raised its position in SandRidge Energy by 40.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 337,773 shares of the oil and natural gas company’s stock worth $2,338,000 after purchasing an additional 97,775 shares during the period. Tieton Capital Management LLC raised its position in SandRidge Energy by 7.8% in the 2nd quarter. Tieton Capital Management LLC now owns 303,440 shares of the oil and natural gas company’s stock worth $2,100,000 after purchasing an additional 21,850 shares during the period. Russell Investments Group Ltd. raised its position in SandRidge Energy by 1.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 303,020 shares of the oil and natural gas company’s stock worth $2,095,000 after purchasing an additional 4,630 shares during the period. Finally, Renaissance Technologies LLC raised its position in SandRidge Energy by 61.1% in the 2nd quarter. Renaissance Technologies LLC now owns 223,700 shares of the oil and natural gas company’s stock worth $1,548,000 after purchasing an additional 84,800 shares during the period. Institutional investors and hedge funds own 23.46% of the company’s stock.

Separately, ValuEngine upgraded shares of SandRidge Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd.

NYSE:SD traded down $0.20 during trading hours on Monday, reaching $4.33. The company’s stock had a trading volume of 1,652 shares, compared to its average volume of 240,968. The firm has a market capitalization of $161.90 million, a price-to-earnings ratio of 21.57 and a beta of 1.67. SandRidge Energy Inc. has a 1 year low of $4.27 and a 1 year high of $11.62. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.57 and a current ratio of 0.57. The firm has a 50-day simple moving average of $4.96 and a 200-day simple moving average of $6.62.

SandRidge Energy (NYSE:SD) last announced its quarterly earnings results on Wednesday, August 7th. The oil and natural gas company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.41). The firm had revenue of $75.39 million during the quarter. SandRidge Energy had a return on equity of 0.85% and a net margin of 14.28%.

About SandRidge Energy

SandRidge Energy, Inc engages in the exploration, development, and production of oil, natural gas, and natural gas liquids primarily in the Mid-Continent and North Park Basin of the United States. As of December 31, 2018, it had 1,095.8 net producing wells; approximately 571,000 net acres under lease; and 2 rigs drilling in the Mid-Continent and 1 rig drilling in the North Park Basin, as well as total estimated proved reserves of 160.2 million barrels of oil equivalent.

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Institutional Ownership by Quarter for SandRidge Energy (NYSE:SD)

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