Empowered Funds LLC cut its holdings in shares of SandRidge Energy, Inc. (NYSE:SD - Free Report) by 41.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 130,015 shares of the oil and natural gas company's stock after selling 90,382 shares during the quarter. Empowered Funds LLC owned 0.35% of SandRidge Energy worth $1,590,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. nVerses Capital LLC acquired a new position in shares of SandRidge Energy in the 2nd quarter valued at $25,000. Quarry LP acquired a new position in shares of SandRidge Energy in the 2nd quarter valued at $25,000. Copeland Capital Management LLC acquired a new position in shares of SandRidge Energy in the 3rd quarter valued at $36,000. The Manufacturers Life Insurance Company lifted its stake in shares of SandRidge Energy by 6.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,496 shares of the oil and natural gas company's stock valued at $162,000 after purchasing an additional 756 shares during the period. Finally, Lakewood Asset Management LLC lifted its stake in shares of SandRidge Energy by 9.0% in the 3rd quarter. Lakewood Asset Management LLC now owns 15,265 shares of the oil and natural gas company's stock valued at $187,000 after purchasing an additional 1,265 shares during the period. 61.84% of the stock is owned by hedge funds and other institutional investors.
SandRidge Energy Trading Up 3.2 %
NYSE:SD traded up $0.38 during trading hours on Friday, reaching $12.13. 229,454 shares of the company were exchanged, compared to its average volume of 347,457. The stock's 50-day moving average is $11.83 and its 200-day moving average is $12.69. The firm has a market cap of $451.36 million, a PE ratio of 9.18 and a beta of 2.10. SandRidge Energy, Inc. has a twelve month low of $10.94 and a twelve month high of $15.31.
SandRidge Energy (NYSE:SD - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The oil and natural gas company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.27 by ($0.08). The company had revenue of $30.06 million for the quarter. SandRidge Energy had a return on equity of 7.92% and a net margin of 39.25%.
SandRidge Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date is Friday, November 15th. SandRidge Energy's dividend payout ratio is presently 34.38%.
About SandRidge Energy
(
Free Report)
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.
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