Bank of New York Mellon Corp Purchases 92,950 Shares of SandRidge Energy, Inc. (NYSE:SD)

Bank of New York Mellon Corp grew its position in shares of SandRidge Energy, Inc. (NYSE:SD - Free Report) by 19.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 580,529 shares of the oil and natural gas company's stock after purchasing an additional 92,950 shares during the period. Bank of New York Mellon Corp owned about 1.56% of SandRidge Energy worth $6,798,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SD. Quantinno Capital Management LP bought a new stake in shares of SandRidge Energy in the 3rd quarter valued at about $186,000. Cornercap Investment Counsel Inc. bought a new stake in SandRidge Energy in the third quarter valued at approximately $248,000. BNP Paribas Financial Markets boosted its stake in shares of SandRidge Energy by 34.0% during the third quarter. BNP Paribas Financial Markets now owns 23,502 shares of the oil and natural gas company's stock valued at $287,000 after purchasing an additional 5,967 shares during the period. Lavaca Capital LLC bought a new position in shares of SandRidge Energy in the third quarter worth approximately $306,000. Finally, Exchange Traded Concepts LLC increased its stake in shares of SandRidge Energy by 10.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 27,570 shares of the oil and natural gas company's stock worth $323,000 after buying an additional 2,634 shares during the period. 61.84% of the stock is currently owned by hedge funds and other institutional investors.

SandRidge Energy Price Performance

SD traded down $0.08 during trading on Thursday, hitting $11.68. 166,468 shares of the stock traded hands, compared to its average volume of 281,453. The firm has a market capitalization of $433.67 million, a P/E ratio of 9.13 and a beta of 2.03. SandRidge Energy, Inc. has a 12-month low of $10.31 and a 12-month high of $15.31. The firm has a 50-day moving average of $11.94 and a 200 day moving average of $11.79.

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SandRidge Energy (NYSE:SD - Get Free Report) last posted its earnings results on Monday, March 10th. The oil and natural gas company reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.48 by ($0.14). SandRidge Energy had a return on equity of 7.92% and a net margin of 39.25%. The firm had revenue of $38.97 million for the quarter, compared to analysts' expectations of $50.27 million.

SandRidge Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.44 annualized dividend and a dividend yield of 3.77%. SandRidge Energy's dividend payout ratio (DPR) is presently 25.88%.

About SandRidge Energy

SandRidge Energy, Inc engages in the acquisition, development, and production of oil, natural gas, and natural gas liquids in the United States Mid-Continent. The company was incorporated in 2006 and is headquartered in Oklahoma City, Oklahoma.