Shares of Sandridge Mississippian Trust I (NYSE:SDT) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.79 and traded as high as $0.58. Sandridge Mississippian Trust I shares last traded at $0.55, with a volume of 5,526 shares trading hands.

The company has a fifty day moving average price of $0.57 and a two-hundred day moving average price of $0.79.

Sandridge Mississippian Trust I (NYSE:SDT) last posted its quarterly earnings data on Tuesday, August 13th. The oil and gas producer reported $0.04 earnings per share for the quarter. The business had revenue of $1.80 million during the quarter. Sandridge Mississippian Trust I had a return on equity of 18.22% and a net margin of 61.69%.

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were issued a dividend of $0.026 per share. This represents a $0.10 annualized dividend and a dividend yield of 18.57%. The ex-dividend date of this dividend was Thursday, August 8th.

An institutional investor recently raised its position in Sandridge Mississippian Trust I stock. Deutsche Bank AG increased its stake in shares of Sandridge Mississippian Trust I (NYSE:SDT) by 55.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,556 shares of the oil and gas producer’s stock after purchasing an additional 12,256 shares during the quarter. Deutsche Bank AG owned 0.12% of Sandridge Mississippian Trust I worth $27,000 as of its most recent SEC filing.

Sandridge Mississippian Trust I Company Profile (NYSE:SDT)

SandRidge Mississippian Trust I, a statutory trust, holds royalty interests in specified oil and natural gas properties located in the Mississippian formation in Alfalfa, Garfield, Grant, and Woods counties in Oklahoma. As of December 31, 2017, the company's properties comprised royalty interests in the initial wells; and 121 additional wells that were drilled and perforated by the company.

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