Dupont Capital Management Corp Has $920,000 Holdings in SandRidge Energy Inc. (SD)
Dupont Capital Management Corp decreased its position in SandRidge Energy Inc. (NYSE:SD) by 12.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 84,603 shares of the oil and natural gas company’s stock after selling 12,243 shares during the period. Dupont Capital Management Corp owned 0.24% of SandRidge Energy worth $920,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. increased its position in shares of SandRidge Energy by 840.2% in the third quarter. Meeder Asset Management Inc. now owns 9,534 shares of the oil and natural gas company’s stock valued at $104,000 after acquiring an additional 8,520 shares during the period. Assenagon Asset Management S.A. purchased a new position in shares of SandRidge Energy in the third quarter valued at about $1,154,000. Strs Ohio increased its position in shares of SandRidge Energy by 584.4% in the third quarter. Strs Ohio now owns 65,700 shares of the oil and natural gas company’s stock valued at $714,000 after acquiring an additional 56,100 shares during the period. Dalton Greiner Hartman Maher & Co. increased its position in shares of SandRidge Energy by 13.1% in the third quarter. Dalton Greiner Hartman Maher & Co. now owns 294,032 shares of the oil and natural gas company’s stock valued at $3,196,000 after acquiring an additional 34,146 shares during the period. Finally, Cowen Inc. purchased a new position in shares of SandRidge Energy in the second quarter valued at about $231,000. Hedge funds and other institutional investors own 16.49% of the company’s stock.
Separately, ValuEngine lowered shares of SandRidge Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th.
SandRidge Energy (NYSE:SD) last announced its earnings results on Thursday, November 8th. The oil and natural gas company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.22. The firm had revenue of $97.66 million for the quarter. SandRidge Energy had a negative net margin of 22.94% and a positive return on equity of 3.23%.
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SandRidge Energy Profile
SandRidge Energy, Inc engages in the exploration, development, and production of oil, natural gas, and natural gas liquids primarily in the Mid-Continent and North Park Basin of the United States. As of December 31, 2017, it had 2,096.8 net producing wells; approximately 643,000 net acres under lease; and two rigs drilling in the Mid-Continent and two rigs drilling in the North Park Basin, as well as total estimated proved reserves of 177.6 million barrels of oil equivalent.
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