Bank of New York Mellon Corp raised its stake in SandRidge Energy, Inc. (NYSE:SD) by 17.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,238 shares of the oil and natural gas company’s stock after buying an additional 2,588 shares during the period. Bank of New York Mellon Corp’s holdings in SandRidge Energy were worth $319,000 as of its most recent filing with the SEC.

Separately, UBS Asset Management Americas Inc. acquired a new position in shares of SandRidge Energy during the fourth quarter valued at about $326,000. Institutional investors and hedge funds own 20.88% of the company’s stock.

SandRidge Energy, Inc. (SD) opened at 18.06 on Tuesday. The firm has a 50 day moving average of $18.13 and a 200 day moving average of $18.97. SandRidge Energy, Inc. has a one year low of $15.03 and a one year high of $26.85. The firm has a market capitalization of $646.49 million and a PE ratio of 1.80.

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SD has been the topic of several recent research reports. Zacks Investment Research cut shares of SandRidge Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 26th. Mizuho initiated coverage on shares of SandRidge Energy in a research note on Tuesday, April 25th. They issued a “buy” rating and a $25.00 price objective on the stock. Finally, Seaport Global Securities cut shares of SandRidge Energy from a “buy” rating to a “neutral” rating and set a $17.00 price objective on the stock. in a research note 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.

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

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