Assenagon Asset Management SA increases its stake in SandRidge Energy, Inc. (NYSE:SD)


Assenagon Asset Management SA increased its position in SandRidge Energy, Inc. (NYSE: SD – Get Rating) by 61.2% during the 1st quarter, reports Holdings Channel.com. The company owned 220,711 shares of the oil and gas company after purchasing an additional 83,791 shares during the period. Assenagon Asset Management SA’s holdings in SandRidge Energy were worth $3,536,000 when it last filed with the SEC.

A number of other hedge funds and other institutional investors have also recently increased or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in SandRidge Energy by 10.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,216,901 shares of the oil and gas company worth $12,729,000 after buying 111,565 additional shares in the last quarter. Thompson Siegel & Walmsley LLC bought a new position in SandRidge Energy in the fourth quarter worth $5,927,000. Renaissance Technologies LLC increased its stake in shares of SandRidge Energy by 88.7% during the fourth quarter. Renaissance Technologies LLC now owns 480,524 shares of the oil and gas company worth $5,026,000 after purchasing an additional 225,859 shares during the period. Key Square Capital Management LLC acquired a new stake in shares of SandRidge Energy during the fourth quarter at a value of $3,930,000. Finally, First Trust Advisors LP acquired a new equity stake in SandRidge Energy during the fourth quarter at a value of $1,769,000. 38.96% of the shares are currently held by institutional investors and hedge funds.

Separately, StockNews.com downgraded SandRidge Energy shares from a “buy” rating to a “hold” rating in a Tuesday, May 10 research rating.

NYSE SD opened at $16.33 on Tuesday. The company has a market capitalization of $599.74 million, a PE ratio of 5.20 and a beta of 2.47. The company has a fifty-day moving average of $20.40 and a 200-day moving average of $16.24. SandRidge Energy, Inc. has a 1-year low of $4.90 and a 1-year high of $29.28.

SandRidge Energy (NYSE:SD – Get Rating) last released its results on Wednesday, May 4. The oil and gas company reported earnings per share (EPS) of $0.94 for the quarter. The company had revenue of $57.49 million in the quarter. SandRidge Energy had a net margin of 60.40% and a return on equity of 49.84%.

About SandRidge Energy (Get a rating)

SandRidge Energy, Inc. engages in the acquisition, development, and production of oil and natural gas primarily in the midcontinent of the Americas. As of December 31, 2021, it held an interest in 817.0 net producing wells; and operated approximately 368,000 net leasehold acres in Oklahoma and Kansas, along with total proven reserves estimated at 71.3 million barrels of oil equivalent.

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Want to see what other hedge funds hold SD? Visit HoldingsChannel.com for the latest 13F filings and insider trading for SandRidge Energy, Inc. (NYSE:SD – Get Rating).

Institutional ownership by quarter for SandRidge Energy (NYSE:SD)



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