Strs Ohio Has $714,000 Stake in SandRidge Energy Inc. (SD)

Strs Ohio increased its holdings in SandRidge Energy Inc. (NYSE:SD) by 584.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 65,700 shares of the oil and natural gas company’s stock after acquiring an additional 56,100 shares during the period. Strs Ohio’s holdings in SandRidge Energy were worth $714,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Wells Fargo & Company MN grew its holdings in SandRidge Energy by 7.0% during the 1st quarter. Wells Fargo & Company MN now owns 140,081 shares of the oil and natural gas company’s stock valued at $2,033,000 after buying an additional 9,190 shares in the last quarter. Northern Trust Corp grew its holdings in SandRidge Energy by 4.4% during the 1st quarter. Northern Trust Corp now owns 405,930 shares of the oil and natural gas company’s stock valued at $5,891,000 after buying an additional 17,126 shares in the last quarter. BlackRock Inc. grew its holdings in SandRidge Energy by 2.9% during the 1st quarter. BlackRock Inc. now owns 2,306,679 shares of the oil and natural gas company’s stock valued at $33,469,000 after buying an additional 64,271 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in SandRidge Energy by 388.2% during the 1st quarter. JPMorgan Chase & Co. now owns 98,284 shares of the oil and natural gas company’s stock valued at $1,426,000 after buying an additional 78,154 shares in the last quarter. Finally, California Public Employees Retirement System grew its holdings in shares of SandRidge Energy by 20.0% during the first quarter. California Public Employees Retirement System now owns 43,095 shares of the oil and natural gas company’s stock worth $625,000 after purchasing an additional 7,177 shares in the last quarter. Institutional investors own 16.84% of the company’s stock.

Shares of NYSE SD opened at $9.90 on Thursday. SandRidge Energy Inc. has a 12 month low of $8.69 and a 12 month high of $21.90. The stock has a market cap of $329.24 million, a PE ratio of 11.77 and a beta of 1.15.

SandRidge Energy (NYSE:SD) last issued its quarterly earnings data on Wednesday, August 8th. The oil and natural gas company reported ($0.05) EPS for the quarter. SandRidge Energy had a positive return on equity of 3.30% and a negative net margin of 30.00%. The business had revenue of $79.46 million for the quarter.

Separately, ValuEngine lowered SandRidge Energy from a “hold” rating to a “sell” rating in a report on Tuesday, September 4th.

COPYRIGHT VIOLATION WARNING: This report was originally reported by WKRB News and is the sole property of of WKRB News. If you are viewing this report on another publication, it was illegally copied and reposted in violation of United States & international trademark & copyright laws. The legal version of this report can be viewed at https://www.wkrb13.com/2018/11/08/strs-ohio-has-714000-stake-in-sandridge-energy-inc-sd.html.

SandRidge Energy Company Profile

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.

Featured Article: What Factors Can Affect Return on Equity?

Want to see what other hedge funds are holding SD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SandRidge Energy Inc. (NYSE:SD).

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

Receive News & Ratings for SandRidge Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SandRidge Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply