Meeder Asset Management Inc. Grows Holdings in SandRidge Energy Inc. (NYSE:SD)
Meeder Asset Management Inc. raised its position in shares of SandRidge Energy Inc. (NYSE:SD) by 840.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,534 shares of the oil and natural gas company’s stock after purchasing an additional 8,520 shares during the quarter. Meeder Asset Management Inc.’s holdings in SandRidge Energy were worth $104,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of SD. Russell Investments Group Ltd. acquired a new position in shares of SandRidge Energy in the 2nd quarter valued at about $3,360,000. Strs Ohio acquired a new position in SandRidge Energy in the 2nd quarter worth about $170,000. Jane Street Group LLC acquired a new position in SandRidge Energy in the 2nd quarter worth about $247,000. Citadel Advisors LLC raised its holdings in SandRidge Energy by 505.5% in the 2nd quarter. Citadel Advisors LLC now owns 176,611 shares of the oil and natural gas company’s stock worth $3,133,000 after purchasing an additional 147,444 shares during the period. Finally, Point72 Asset Management L.P. acquired a new position in SandRidge Energy in the 2nd quarter worth about $763,000. Institutional investors and hedge funds own 59.13% of the company’s stock.
NYSE:SD traded up $0.16 during trading hours on Friday, hitting $9.73. 409,658 shares of the stock were exchanged, compared to its average volume of 351,329. SandRidge Energy Inc. has a 52-week low of $8.69 and a 52-week high of $21.90. The firm has a market cap of $341.59 million, a P/E ratio of 12.76 and a beta of 1.24.
Separately, ValuEngine upgraded SandRidge Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, November 10th.
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, 2017, it had 2,096.8 net producing wells; approximately 643,000 net acres under lease; and two rigs drilling in the Mid-Continent and two rigs drilling in the North Park Basin, as well as total estimated proved reserves of 177.6 million barrels of oil equivalent.
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