Klein Pavlis & Peasley Financial Inc. Increases Stock Position in SandRidge Energy, Inc. (NYSE:SD)

Klein Pavlis & Peasley Financial Inc. grew its position in shares of SandRidge Energy, Inc. (NYSE:SD) by 8.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 97,112 shares of the oil and natural gas company’s stock after purchasing an additional 7,947 shares during the quarter. Klein Pavlis & Peasley Financial Inc. owned approximately 0.26% of SandRidge Energy worth $1,137,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company increased its position in SandRidge Energy by 6.4% during the second quarter. The Manufacturers Life Insurance Company now owns 12,496 shares of the oil and natural gas company’s stock worth $162,000 after buying an additional 756 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of SandRidge Energy in the 2nd quarter valued at $471,000. Exchange Traded Concepts LLC purchased a new stake in SandRidge Energy in the 3rd quarter valued at $305,000. Creative Planning boosted its stake in SandRidge Energy by 47.8% during 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 period. Finally, nVerses Capital LLC grew its position in 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 worth $37,000 after purchasing an additional 1,100 shares during the last quarter. Institutional investors and hedge funds own 61.84% of the company’s stock.

SandRidge Energy Stock Performance

NYSE SD opened at $12.01 on Thursday. SandRidge Energy, Inc. has a one year low of $10.31 and a one year high of $15.31. The firm has a market cap of $446.97 million, a PE ratio of 9.38 and a beta of 2.06. The firm’s fifty day moving average is $11.68 and its two-hundred day moving average is $12.07.

SandRidge Energy (NYSE:SD) last posted its quarterly earnings data on Wednesday, November 6th. The oil and natural gas company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.08). SandRidge Energy had a net margin of 39.25% and a return on equity of 7.92%. The company had revenue of $30.06 million for the quarter.

About SandRidge Energy

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.