SandRidge Energy, Inc. (SD) is Q Global Advisors LLC’s 9th Largest Position

Q Global Advisors LLC lowered its holdings in shares of SandRidge Energy, Inc. (NYSE:SD) by 95.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,000 shares of the oil and natural gas company’s stock after selling 420,487 shares during the quarter. SandRidge Energy makes up approximately 0.9% of Q Global Advisors LLC’s holdings, making the stock its 9th biggest position. Q Global Advisors LLC owned about 0.06% of SandRidge Energy worth $361,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Federated Investors Inc. PA increased its position in shares of SandRidge Energy by 16.0% during the 2nd quarter. Federated Investors Inc. PA now owns 582,650 shares of the oil and natural gas company’s stock valued at $10,027,000 after purchasing an additional 80,495 shares during the last quarter. Kirr Marbach & Co. LLC IN increased its position in shares of SandRidge Energy by 56.9% during the 2nd quarter. Kirr Marbach & Co. LLC IN now owns 16,955 shares of the oil and natural gas company’s stock valued at $292,000 after purchasing an additional 6,150 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of SandRidge Energy during the 1st quarter valued at about $4,614,000. Highbridge Capital Management LLC purchased a new stake in shares of SandRidge Energy during the 1st quarter valued at about $2,151,000. Finally, Vanguard Group Inc. increased its position in shares of SandRidge Energy by 84.1% during the 1st quarter. Vanguard Group Inc. now owns 1,042,460 shares of the oil and natural gas company’s stock valued at $19,275,000 after purchasing an additional 476,198 shares during the last quarter. 73.82% of the stock is owned by hedge funds and other institutional investors.

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SD has been the subject of several research reports. Seaport Global Securities lowered shares of SandRidge Energy from a “buy” rating to a “neutral” rating and set a $17.00 price target for the company. in a research report on Wednesday, June 21st. Zacks Investment Research downgraded SandRidge Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, ValuEngine downgraded SandRidge Energy from a “buy” rating to a “hold” rating in a research note on Friday, September 8th.

Shares of SandRidge Energy, Inc. (SD) traded down 1.67% on Tuesday, hitting $18.89. The company had a trading volume of 38,073 shares. The stock’s 50-day moving average is $19.00 and its 200 day moving average is $18.65. The company has a market capitalization of $645.68 million and a price-to-earnings ratio of 1.89. SandRidge Energy, Inc. has a 52 week low of $15.03 and a 52 week high of $26.85.

SandRidge Energy Profile

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.

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

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