Ingalls & Snyder LLC Raises Stake in SandRidge Energy, Inc. (NYSE:SD)

Ingalls & Snyder LLC raised its position in shares of SandRidge Energy, Inc. (NYSE:SD) by 4.1% during the second quarter, according to its most recent filing with the SEC. The fund owned 15,612 shares of the oil and natural gas company’s stock after buying an additional 612 shares during the period. Ingalls & Snyder LLC’s holdings in SandRidge Energy were worth $269,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Kirr Marbach & Co. LLC IN acquired a new stake in shares of SandRidge Energy during the first quarter worth approximately $200,000. California Public Employees Retirement System acquired a new stake in shares of SandRidge Energy during the first quarter worth approximately $209,000. Laurion Capital Management LP acquired a new stake in shares of SandRidge Energy during the first quarter worth approximately $309,000. Bank of New York Mellon Corp boosted its stake in shares of SandRidge Energy by 17.7% in the first quarter. Bank of New York Mellon Corp now owns 17,238 shares of the oil and natural gas company’s stock worth $319,000 after buying an additional 2,588 shares during the period. Finally, UBS Asset Management Americas Inc. acquired a new stake in shares of SandRidge Energy during the fourth quarter worth approximately $326,000. Hedge funds and other institutional investors own 63.20% of the company’s stock.

Shares of SandRidge Energy, Inc. (SD) traded up 1.44% during trading on Friday, reaching $17.59. 238,426 shares of the company were exchanged. The firm has a market capitalization of $601.24 million and a P/E ratio of 1.76. The firm’s 50 day moving average is $18.50 and its 200 day moving average is $18.70. SandRidge Energy, Inc. has a 1-year low of $15.03 and a 1-year high of $26.85.

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A number of brokerages recently issued reports on SD. Zacks Investment Research cut shares of SandRidge Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 26th. Seaport Global Securities cut shares of SandRidge Energy from a “buy” rating to a “neutral” rating and set a $17.00 price target on the stock. in a research note on Wednesday, June 21st. Finally, Mizuho began coverage on shares of SandRidge Energy in a research note on Tuesday, April 25th. They issued a “buy” rating and a $25.00 price target on the stock.

SandRidge Energy Company 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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