First Wilshire Securities Management Inc. Sells 566,709 Shares of SandRidge Energy, Inc. (NYSE:SD)

First Wilshire Securities Management Inc. decreased its stake in SandRidge Energy, Inc. (NYSE:SD - Free Report) by 33.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,148,530 shares of the oil and natural gas company's stock after selling 566,709 shares during the quarter. SandRidge Energy makes up 3.6% of First Wilshire Securities Management Inc.'s portfolio, making the stock its 11th biggest holding. First Wilshire Securities Management Inc. owned 3.09% of SandRidge Energy worth $13,449,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Diametric Capital LP purchased a new stake in shares of SandRidge Energy in the fourth quarter worth $185,000. Arrowstreet Capital Limited Partnership boosted its holdings in SandRidge Energy by 305.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 129,361 shares of the oil and natural gas company's stock worth $1,515,000 after buying an additional 97,481 shares during the period. JPMorgan Chase & Co. increased its stake in SandRidge Energy by 145.4% in the 4th 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 in the last quarter. Fox Run Management L.L.C. bought a new stake in SandRidge Energy during the fourth quarter valued at about $132,000. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of SandRidge Energy in the fourth quarter valued at about $425,000. Institutional investors own 61.84% of the company's stock.

SandRidge Energy Price Performance

Shares of NYSE:SD traded down $0.95 during trading on Friday, hitting $9.63. 705,691 shares of the company's stock were exchanged, compared to its average volume of 294,464. The business's 50-day simple moving average is $11.66 and its 200 day simple moving average is $11.70. The company has a market cap of $357.52 million, a price-to-earnings ratio of 7.52 and a beta of 1.66. SandRidge Energy, Inc. has a 52-week low of $9.50 and a 52-week high of $15.31.

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

SandRidge Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were issued a $0.11 dividend. The ex-dividend date was Thursday, March 20th. This represents a $0.44 dividend on an annualized basis and a yield of 4.57%. SandRidge Energy's dividend payout ratio is currently 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.