Guggenheim Capital LLC lessened its stake in shares of SandRidge Energy, Inc. (NYSE:SD) by 30.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,929,735 shares of the oil and natural gas company’s stock after selling 1,305,169 shares during the period. Guggenheim Capital LLC owned 8.21% of SandRidge Energy worth $61,734,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in SD. Northern Trust Corp grew its holdings in SandRidge Energy by 844.8% during the second quarter. Northern Trust Corp now owns 372,897 shares of the oil and natural gas company’s stock valued at $6,417,000 after purchasing an additional 333,428 shares during the period. Vanguard Group Inc. boosted its stake in shares of SandRidge Energy by 26.9% in the second quarter. Vanguard Group Inc. now owns 1,323,094 shares of the oil and natural gas company’s stock worth $22,770,000 after acquiring an additional 280,634 shares during the period. California Public Employees Retirement System boosted its stake in shares of SandRidge Energy by 79.6% in the second quarter. California Public Employees Retirement System now owns 20,300 shares of the oil and natural gas company’s stock worth $349,000 after acquiring an additional 9,000 shares during the period. Dimensional Fund Advisors LP bought a new position in shares of SandRidge Energy in the second quarter worth about $1,186,000. Finally, Voya Investment Management LLC bought a new position in shares of SandRidge Energy in the second quarter worth about $295,000. 86.81% of the stock is owned by institutional investors and hedge funds.
In other SandRidge Energy news, insider James Donald Bennett sold 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $21.12, for a total transaction of $2,112,000.00. Following the sale, the insider now directly owns 359,148 shares in the company, valued at $7,585,205.76. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Philip T. Warman sold 13,351 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $21.21, for a total value of $283,174.71. Following the sale, the senior vice president now owns 50,267 shares in the company, valued at $1,066,163.07. The disclosure for this sale can be found here. Over the last three months, insiders have sold 138,527 shares of company stock valued at $2,917,714. 3.60% of the stock is owned by corporate insiders.
SandRidge Energy (NYSE:SD) last announced its quarterly earnings results on Wednesday, February 21st. The oil and natural gas company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.15. SandRidge Energy had a return on equity of 6.18% and a net margin of 13.17%. The company had revenue of $93.21 million during the quarter, compared to analyst estimates of $86.70 million. research analysts forecast that SandRidge Energy, Inc. will post 1.08 EPS for the current year.
SD has been the subject of a number of recent analyst reports. ValuEngine raised SandRidge Energy from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research lowered SandRidge Energy from a “buy” rating to a “strong sell” rating in a research note on Wednesday, February 21st. Finally, Mizuho lowered SandRidge Energy from a “buy” rating to a “neutral” rating and set a $25.00 price objective for the company. in a research note on Tuesday, January 16th.
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.
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