Cwm LLC Acquires 4,640 Shares of SandRidge Energy, Inc. $SD

Cwm LLC boosted its holdings in shares of SandRidge Energy, Inc. (NYSE:SD) by 2,109.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,860 shares of the oil and natural gas company’s stock after purchasing an additional 4,640 shares during the quarter. Cwm LLC’s holdings in SandRidge Energy were worth $53,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Signaturefd LLC raised its holdings in SandRidge Energy by 229.3% in the 2nd quarter. Signaturefd LLC now owns 3,056 shares of the oil and natural gas company’s stock valued at $33,000 after acquiring an additional 2,128 shares in the last quarter. Parallel Advisors LLC raised its holdings in SandRidge Energy by 344.3% in the 2nd quarter. Parallel Advisors LLC now owns 8,366 shares of the oil and natural gas company’s stock valued at $91,000 after acquiring an additional 6,483 shares in the last quarter. Ballentine Partners LLC acquired a new position in SandRidge Energy in the 2nd quarter valued at approximately $109,000. SCS Capital Management LLC acquired a new position in SandRidge Energy in the 1st quarter valued at approximately $114,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in SandRidge Energy in the 2nd quarter valued at approximately $140,000. Institutional investors own 61.84% of the company’s stock.

Insiders Place Their Bets

In other SandRidge Energy news, Director Vincent J. Intrieri purchased 25,000 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was purchased at an average cost of $10.96 per share, with a total value of $274,000.00. Following the acquisition, the director directly owned 46,976 shares of the company’s stock, valued at approximately $514,856.96. This trade represents a 113.76% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 1.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of SandRidge Energy in a report on Tuesday, October 14th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

SandRidge Energy Trading Down 1.4%

Shares of SD opened at $11.88 on Wednesday. SandRidge Energy, Inc. has a 1 year low of $8.81 and a 1 year high of $13.00. The stock has a 50 day simple moving average of $11.64 and a 200-day simple moving average of $10.90. The stock has a market cap of $436.54 million, a PE ratio of 5.82 and a beta of 0.90.

SandRidge Energy (NYSE:SD) last issued its earnings results on Wednesday, August 6th. The oil and natural gas company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. SandRidge Energy had a return on equity of 10.05% and a net margin of 51.77%.The business had revenue of $34.53 million during the quarter, compared to analysts’ expectations of $37.30 million.

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.