SandRidge Mississippian Trust II (SDR) Trading Down 9.9%
SandRidge Mississippian Trust II (NYSE:SDR) was down 9.9% on Friday . The stock traded as low as $0.90 and last traded at $0.91. Approximately 664,435 shares were traded during mid-day trading, an increase of 318% from the average daily volume of 159,072 shares. The stock had previously closed at $1.01.
Separately, ValuEngine raised shares of SandRidge Mississippian Trust II from a “hold” rating to a “buy” rating in a research note on Friday, December 1st.
The company has a market cap of $62.78, a P/E ratio of 4.25 and a beta of 0.99.
A hedge fund recently raised its stake in SandRidge Mississippian Trust II stock. Virtu KCG Holdings LLC grew its position in SandRidge Mississippian Trust II (NYSE:SDR) by 645.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 110,372 shares of the oil and gas producer’s stock after acquiring an additional 95,556 shares during the quarter. Virtu KCG Holdings LLC owned about 0.22% of SandRidge Mississippian Trust II worth $158,000 at the end of the most recent reporting period. Institutional investors own 0.74% of the company’s stock.
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About SandRidge Mississippian Trust II
SandRidge Mississippian Trust II is a statutory trust. The royalty interests conveyed by SandRidge Energy, Inc (SandRidge) from its interests in certain properties in the Mississippian formation in northern Oklahoma and southern Kansas and held by the Trust are referred to as the Royalty Interests. The Trust holds Royalty Interests in specified oil and natural gas properties.
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