SandRidge Energy, Inc. (NYSE:SD) Shares Sold by Financial Advocates Investment Management

Financial Advocates Investment Management lessened its stake in SandRidge Energy, Inc. (NYSE:SD) by 15.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,450 shares of the oil and natural gas company’s stock after selling 2,100 shares during the quarter. Financial Advocates Investment Management’s holdings in SandRidge Energy were worth $134,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Copeland Capital Management LLC bought a new stake in shares of SandRidge Energy during the 3rd quarter valued at about $36,000. nVerses Capital LLC grew its position in shares of SandRidge Energy by 57.9% during the 3rd quarter. nVerses Capital LLC now owns 3,000 shares of the oil and natural gas company’s stock valued at $37,000 after buying an additional 1,100 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of SandRidge Energy by 6.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,496 shares of the oil and natural gas company’s stock valued at $162,000 after buying an additional 756 shares during the last quarter. Quantinno Capital Management LP bought a new position in SandRidge Energy in the 3rd quarter worth about $186,000. Finally, Creative Planning grew its position in SandRidge Energy by 47.8% in the 3rd quarter. Creative Planning now owns 15,685 shares of the oil and natural gas company’s stock worth $192,000 after purchasing an additional 5,073 shares during the last quarter. Institutional investors and hedge funds own 61.84% of the company’s stock.

SandRidge Energy Trading Up 4.0 %

NYSE SD opened at $12.25 on Tuesday. SandRidge Energy, Inc. has a 52 week low of $10.31 and a 52 week high of $15.31. The stock has a market cap of $455.67 million, a price-to-earnings ratio of 9.57 and a beta of 2.06. The company has a 50-day moving average price of $11.70 and a two-hundred day moving average price of $12.02.

SandRidge Energy Profile

SandRidge Energy, Inc engages in the acquisition, development, and production of oil, natural gas, and natural gas liquids in the United States Mid-Continent. The company was incorporated in 2006 and is headquartered in Oklahoma City, Oklahoma.