SandRidge Energy, Inc. (NYSE:SD) Holdings Reduced by Financial Advocates Investment Management

Financial Advocates Investment Management decreased its position in SandRidge Energy, Inc. (NYSE:SD) by 15.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 11,450 shares of the oil and natural gas company’s stock after selling 2,100 shares during the period. Financial Advocates Investment Management’s holdings in SandRidge Energy were worth $134,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Copeland Capital Management LLC bought a new position in shares of SandRidge Energy in the third quarter valued at approximately $36,000. nVerses Capital LLC boosted its holdings in shares of SandRidge Energy by 57.9% in the third quarter. nVerses Capital LLC now owns 3,000 shares of the oil and natural gas company’s stock valued at $37,000 after acquiring an additional 1,100 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of SandRidge Energy by 6.4% in the second 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 acquiring an additional 756 shares in the last quarter. Quantinno Capital Management LP bought a new position in shares of SandRidge Energy in the third quarter valued at approximately $186,000. Finally, Creative Planning boosted its holdings in shares of SandRidge Energy by 47.8% in the third quarter. Creative Planning now owns 15,685 shares of the oil and natural gas company’s stock valued at $192,000 after acquiring an additional 5,073 shares in the last quarter. Institutional investors own 61.84% of the company’s stock.

SandRidge Energy Price Performance

SandRidge Energy stock opened at $12.25 on Tuesday. SandRidge Energy, Inc. has a 12-month low of $10.31 and a 12-month high of $15.31. The stock has a market capitalization of $455.67 million, a PE ratio of 9.57 and a beta of 2.06. The firm has a 50 day simple moving average of $11.70 and a 200-day simple moving average of $12.02.

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.