Dalton Greiner Hartman Maher & Co. increased its holdings in shares of SandRidge Energy, Inc. (NYSE:SD) by 75.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 170,001 shares of the oil and natural gas company’s stock after purchasing an additional 72,895 shares during the quarter. Dalton Greiner Hartman Maher & Co.’s holdings in SandRidge Energy were worth $3,582,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the company. California Public Employees Retirement System grew its holdings in shares of SandRidge Energy by 41.2% during the third quarter. California Public Employees Retirement System now owns 28,658 shares of the oil and natural gas company’s stock valued at $576,000 after buying an additional 8,358 shares in the last quarter. Jane Street Group LLC purchased a new position in SandRidge Energy in the third quarter valued at about $300,000. Dimensional Fund Advisors LP grew its stake in SandRidge Energy by 258.1% in the third quarter. Dimensional Fund Advisors LP now owns 246,695 shares of the oil and natural gas company’s stock valued at $4,956,000 after purchasing an additional 177,798 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in SandRidge Energy by 36.0% in the third quarter. Schwab Charles Investment Management Inc. now owns 134,661 shares of the oil and natural gas company’s stock valued at $2,706,000 after purchasing an additional 35,637 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in SandRidge Energy by 29.5% in the third quarter. Wells Fargo & Company MN now owns 115,717 shares of the oil and natural gas company’s stock valued at $2,325,000 after purchasing an additional 26,358 shares in the last quarter. Institutional investors and hedge funds own 85.28% of the company’s stock.
In related news, major shareholder Carl C. Icahn purchased 869,184 shares of SandRidge Energy stock in a transaction on Monday, November 20th. The stock was bought at an average price of $16.11 per share, with a total value of $14,002,554.24. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Philip T. Warman sold 13,351 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $21.21, for a total value of $283,174.71. Following the completion of the sale, the senior vice president now directly owns 50,267 shares of the company’s stock, valued at approximately $1,066,163.07. The disclosure for this sale can be found here. Insiders sold 138,527 shares of company stock worth $2,917,714 in the last 90 days. Corporate insiders own 3.60% of the company’s stock.
SandRidge Energy, Inc. (NYSE SD) opened at $21.28 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.12 and a quick ratio of 1.12. SandRidge Energy, Inc. has a 52 week low of $14.65 and a 52 week high of $22.90. The company has a market capitalization of $745.42 and a PE ratio of -1.36.
SandRidge Energy (NYSE:SD) last issued its earnings results on Wednesday, November 1st. The oil and natural gas company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.13. SandRidge Energy had a positive return on equity of 9.09% and a negative net margin of 73.96%. The firm had revenue of $80.89 million for the quarter, compared to the consensus estimate of $77.60 million. equities research analysts forecast that SandRidge Energy, Inc. will post 1.45 EPS for the current fiscal year.
About SandRidge Energy
SandRidge Energy, Inc is an oil and natural gas company. The Company is engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. It operates through two segments: exploration and production, which is engaged in the exploration and production of oil and natural gas properties and includes its proportionate share of the activities of the SandRidge Mississippian Trust I, SandRidge Mississippian Trust II and SandRidge Permian Trust (the Royalty Trusts), and midstream services, which coordinates the delivery of electricity to its exploration and production operations in the Mid-Continent.
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