First Wilshire Securities Management Inc. Lowers Stake in SandRidge Energy, Inc. (NYSE:SD)

First Wilshire Securities Management Inc. reduced its holdings in shares of SandRidge Energy, Inc. (NYSE:SD - Free Report) by 33.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,148,530 shares of the oil and natural gas company's stock after selling 566,709 shares during the period. SandRidge Energy accounts for about 3.6% of First Wilshire Securities Management Inc.'s investment portfolio, making the stock its 11th largest holding. First Wilshire Securities Management Inc. owned about 3.09% of SandRidge Energy worth $13,449,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SD. Royce & Associates LP increased its holdings in shares of SandRidge Energy by 76.2% during the fourth quarter. Royce & Associates LP now owns 1,094,786 shares of the oil and natural gas company's stock valued at $12,820,000 after acquiring an additional 473,542 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in SandRidge Energy during the 4th quarter valued at about $1,876,000. Arrowstreet Capital Limited Partnership increased its stake in SandRidge Energy by 305.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 129,361 shares of the oil and natural gas company's stock valued at $1,515,000 after purchasing an additional 97,481 shares in the last quarter. Bank of New York Mellon Corp increased its stake in SandRidge Energy by 19.1% during the 4th quarter. Bank of New York Mellon Corp now owns 580,529 shares of the oil and natural gas company's stock valued at $6,798,000 after purchasing an additional 92,950 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in SandRidge Energy by 145.4% in the fourth quarter. JPMorgan Chase & Co. now owns 150,733 shares of the oil and natural gas company's stock worth $1,765,000 after buying an additional 89,313 shares during the last quarter. Hedge funds and other institutional investors own 61.84% of the company's stock.

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SandRidge Energy Stock Performance

Shares of NYSE:SD traded down $0.78 during trading on Thursday, reaching $10.61. 422,730 shares of the stock traded hands, compared to its average volume of 292,665. The stock has a market cap of $393.92 million, a P/E ratio of 8.29 and a beta of 2.03. The stock has a 50-day moving average of $11.71 and a two-hundred day moving average of $11.72. SandRidge Energy, Inc. has a 52-week low of $10.31 and a 52-week high of $15.31.

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

SandRidge Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date of this dividend was Thursday, March 20th. SandRidge Energy's dividend payout ratio (DPR) is 25.88%.

SandRidge Energy Company Profile

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.