Apollo Management Holdings L.P. maintained its position in SandRidge Energy, Inc. (NYSE:SD) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,209,552 shares of the oil and natural gas company’s stock at the close of the second quarter. SandRidge Energy accounts for 0.3% of Apollo Management Holdings L.P.’s investment portfolio, making the stock its 22nd biggest holding. Apollo Management Holdings L.P. owned about 3.38% of SandRidge Energy worth $20,816,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA acquired a new position in SandRidge Energy during the second quarter worth $119,000. Legal & General Group Plc acquired a new position in SandRidge Energy during the second quarter worth $152,000. California Public Employees Retirement System acquired a new position in SandRidge Energy during the first quarter worth $209,000. UBS Asset Management Americas Inc. grew its holdings in SandRidge Energy by 28.0% during the second quarter. UBS Asset Management Americas Inc. now owns 14,645 shares of the oil and natural gas company’s stock worth $252,000 after acquiring an additional 3,200 shares during the period. Finally, Ingalls & Snyder LLC grew its holdings in SandRidge Energy by 4.1% during the second quarter. Ingalls & Snyder LLC now owns 15,612 shares of the oil and natural gas company’s stock worth $269,000 after acquiring an additional 612 shares during the period. 70.93% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts recently weighed in on the company. ValuEngine lowered SandRidge Energy from a “buy” rating to a “hold” rating in a report on Friday, September 8th. Zacks Investment Research raised SandRidge Energy from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Finally, Seaport Global Securities lowered SandRidge Energy from a “buy” rating to a “neutral” rating and set a $17.00 price objective on the stock. in a report on Wednesday, June 21st.
Shares of SandRidge Energy, Inc. (SD) traded up 0.94% on Thursday, reaching $19.38. The company had a trading volume of 33,871 shares. The company has a market capitalization of $662.43 million and a price-to-earnings ratio of 1.94. The stock has a 50 day moving average price of $18.09 and a 200-day moving average price of $18.39. SandRidge Energy, Inc. has a 12 month low of $15.03 and a 12 month high of $26.85.
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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