Meeder Asset Management Inc. boosted its stake in SandRidge Energy, Inc. (NYSE:SD) by 3,252.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,772 shares of the oil and natural gas company’s stock after buying an additional 6,570 shares during the quarter. Meeder Asset Management Inc.’s holdings in SandRidge Energy were worth $142,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in SD. Legal & General Group Plc bought a new position in shares of SandRidge Energy during the 2nd quarter valued at $152,000. SG Americas Securities LLC bought a new position in shares of SandRidge Energy during the 3rd quarter valued at $191,000. UBS Asset Management Americas Inc. raised its holdings in shares of SandRidge Energy by 28.0% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 14,645 shares of the oil and natural gas company’s stock valued at $252,000 after purchasing an additional 3,200 shares in the last quarter. Voya Investment Management LLC bought a new position in shares of SandRidge Energy during the 2nd quarter valued at $295,000. Finally, Jane Street Group LLC bought a new position in shares of SandRidge Energy during the 3rd quarter valued at $300,000. Institutional investors own 10.74% of the company’s stock.

SandRidge Energy, Inc. (NYSE SD) opened at $15.83 on Tuesday. SandRidge Energy, Inc. has a 12 month low of $14.65 and a 12 month high of $21.90. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.04. The stock has a market cap of $574.22 and a price-to-earnings ratio of -1.04.

A number of research analysts recently issued reports on SD shares. Mizuho lowered shares of SandRidge Energy from a “buy” rating to a “neutral” rating and set a $25.00 target price on the stock. in a research note on Tuesday, January 16th. ValuEngine upgraded shares of SandRidge Energy from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Zacks Investment Research upgraded shares of SandRidge Energy from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Thursday, October 26th.

In other SandRidge Energy news, CFO Julian Mark Bott sold 2,373 shares of the firm’s stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $21.00, for a total value of $49,833.00. Following the sale, the chief financial officer now directly owns 157,641 shares in the company, valued at approximately $3,310,461. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Philip T. Warman sold 13,351 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $21.21, for a total transaction of $283,174.71. Following the completion of the sale, the senior vice president now owns 50,267 shares in the company, valued at $1,066,163.07. The disclosure for this sale can be found here. Insiders sold a total of 138,527 shares of company stock worth $2,917,714 over the last quarter. 3.60% of the stock is currently owned by company insiders.

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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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