TIAA CREF Investment Management LLC bought a new stake in SandRidge Energy, Inc. (NYSE:SD) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 123,439 shares of the oil and natural gas company’s stock, valued at approximately $2,124,000. TIAA CREF Investment Management LLC owned approximately 0.34% of SandRidge Energy at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Federated Investors Inc. PA increased its holdings in SandRidge Energy by 16.0% in the second 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 buying an additional 80,495 shares in the last quarter. Kirr Marbach & Co. LLC IN increased its holdings in SandRidge Energy by 56.9% in the second 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 buying an additional 6,150 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in SandRidge Energy in the first quarter valued at about $4,614,000. Bank of New York Mellon Corp increased its holdings in SandRidge Energy by 853.5% in the second quarter. Bank of New York Mellon Corp now owns 164,369 shares of the oil and natural gas company’s stock valued at $2,828,000 after buying an additional 147,131 shares in the last quarter. Finally, Swiss National Bank purchased a new position in SandRidge Energy in the second quarter valued at about $926,000. 73.81% of the stock is owned by institutional investors.
A number of research analysts have issued reports on SD shares. Zacks Investment Research raised shares of SandRidge Energy from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. ValuEngine raised shares of SandRidge Energy from a “hold” rating to a “buy” rating in a report on Monday, October 2nd.
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SandRidge Energy, Inc. (SD) opened at 18.77 on Wednesday. The stock’s 50 day moving average is $19.20 and its 200-day moving average is $18.65. SandRidge Energy, Inc. has a 52 week low of $15.03 and a 52 week high of $26.00. The stock has a market capitalization of $641.58 million and a PE ratio of 1.88.
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.
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