Nomura Asset Management Co. Ltd. cut its position in SandRidge Energy, Inc. (NYSE:SD) by 30.4% during the first quarter, Holdings Channel reports. The institutional investor owned 18,685 shares of the oil and natural gas company’s stock after selling 8,161 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in SandRidge Energy were worth $345,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in SD. Bank of New York Mellon Corp increased its stake in shares of SandRidge Energy by 17.7% in the first quarter. Bank of New York Mellon Corp now owns 17,238 shares of the oil and natural gas company’s stock worth $319,000 after buying an additional 2,588 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of SandRidge Energy by 6.0% in the first quarter. HighTower Advisors LLC now owns 70,338 shares of the oil and natural gas company’s stock worth $1,284,000 after buying an additional 4,000 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of SandRidge Energy by 11.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 40,468 shares of the oil and natural gas company’s stock worth $749,000 after buying an additional 4,104 shares in the last quarter. Kirr Marbach & Co. LLC IN bought a new position in shares of SandRidge Energy during the first quarter worth about $200,000. Finally, California Public Employees Retirement System bought a new position in shares of SandRidge Energy during the first quarter worth about $209,000. Institutional investors own 64.43% of the company’s stock.

SandRidge Energy, Inc. (NYSE SD) opened at 19.35 on Thursday. The firm has a market capitalization of $659.37 million and a PE ratio of 4.91. SandRidge Energy, Inc. has a one year low of $15.03 and a one year high of $26.85. The stock has a 50 day moving average price of $18.05 and a 200-day moving average price of $19.16.

TRADEMARK VIOLATION NOTICE: This article was first published by Daily Political and is owned by of Daily Political. If you are reading this article on another website, it was stolen and reposted in violation of United States & international copyright legislation. The correct version of this article can be read at https://www.dailypolitical.com/2017/07/20/nomura-asset-management-co-ltd-cuts-stake-in-sandridge-energy-inc-sd.html.

SD has been the subject of a number of recent research reports. Zacks Investment Research cut SandRidge Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 26th. Mizuho initiated coverage on SandRidge Energy in a report on Tuesday, April 25th. They issued a “buy” rating and a $25.00 target price for the company. Finally, Seaport Global Securities cut SandRidge Energy from a “buy” rating to a “neutral” rating and set a $17.00 target price for the company. in a report on Wednesday, June 21st.

About SandRidge Energy

SandRidge Energy, Inc is an oil and natural gas company. The Company is engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. It operates through two segments: exploration and production, which is engaged in the exploration and production of oil and natural gas properties and includes its proportionate share of the activities of the SandRidge Mississippian Trust I, SandRidge Mississippian Trust II and SandRidge Permian Trust (the Royalty Trusts), and midstream services, which coordinates the delivery of electricity to its exploration and production operations in the Mid-Continent.

Want to see what other hedge funds are holding SD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SandRidge Energy, Inc. (NYSE:SD).

Institutional Ownership by Quarter for SandRidge Energy (NYSE:SD)

Receive News & Ratings for SandRidge Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SandRidge Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.