Denali Advisors LLC Cuts Stake in SandRidge Energy, Inc. (NYSE:SD)

Denali Advisors LLC reduced its position in SandRidge Energy, Inc. (NYSE:SD) by 3.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 334,983 shares of the oil and natural gas company’s stock after selling 10,711 shares during the period. Denali Advisors LLC’s holdings in SandRidge Energy were worth $3,923,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp grew its holdings in shares of SandRidge Energy by 19.1% during the fourth quarter. Bank of New York Mellon Corp now owns 580,529 shares of the oil and natural gas company’s stock valued at $6,798,000 after buying an additional 92,950 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of SandRidge Energy by 5.1% during the fourth quarter. Empowered Funds LLC now owns 136,679 shares of the oil and natural gas company’s stock valued at $1,601,000 after buying an additional 6,664 shares during the last quarter. Klein Pavlis & Peasley Financial Inc. grew its holdings in shares of SandRidge Energy by 8.9% during the fourth quarter. Klein Pavlis & Peasley Financial Inc. now owns 97,112 shares of the oil and natural gas company’s stock valued at $1,137,000 after buying an additional 7,947 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of SandRidge Energy by 10.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 27,570 shares of the oil and natural gas company’s stock valued at $323,000 after buying an additional 2,634 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of SandRidge Energy by 3.0% during the fourth quarter. SG Americas Securities LLC now owns 59,526 shares of the oil and natural gas company’s stock valued at $697,000 after buying an additional 1,738 shares during the last quarter. 61.84% of the stock is owned by hedge funds and other institutional investors.

SandRidge Energy Price Performance

Shares of SD opened at $11.89 on Wednesday. The firm has a market capitalization of $442.44 million, a PE ratio of 9.29 and a beta of 2.06. SandRidge Energy, Inc. has a 1-year low of $10.31 and a 1-year high of $15.31. The company’s fifty day moving average price is $11.91 and its 200-day moving average price is $11.98.

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.