Inlight Wealth Management LLC Buys Shares of 46,997 SandRidge Energy, Inc. (NYSE:SD)

Inlight Wealth Management LLC acquired a new position in shares of SandRidge Energy, Inc. (NYSE:SD - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 46,997 shares of the oil and natural gas company's stock, valued at approximately $550,000. Inlight Wealth Management LLC owned about 0.13% of SandRidge Energy as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of SD. Fox Run Management L.L.C. bought a new stake in SandRidge Energy in the 4th quarter valued at $132,000. Commonwealth Equity Services LLC acquired a new position in SandRidge Energy in the fourth quarter worth about $148,000. Diametric Capital LP bought a new position in shares of SandRidge Energy during the 4th quarter worth approximately $185,000. Quantinno Capital Management LP acquired a new stake in SandRidge Energy in the 3rd quarter valued at $186,000. Finally, Dynamic Technology Lab Private Ltd raised its stake in SandRidge Energy by 3.7% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 24,397 shares of the oil and natural gas company's stock worth $286,000 after acquiring an additional 870 shares in the last quarter. Institutional investors and hedge funds own 61.84% of the company's stock.

SandRidge Energy Stock Performance

Shares of NYSE:SD traded up $0.20 on Wednesday, hitting $9.37. The stock had a trading volume of 132,949 shares, compared to its average volume of 309,332. The company has a market capitalization of $348.05 million, a price-to-earnings ratio of 7.32 and a beta of 1.66. The firm's 50 day moving average price is $11.19 and its 200-day moving average price is $11.54. SandRidge Energy, Inc. has a twelve month low of $8.81 and a twelve month high of $14.85.

SandRidge Energy (NYSE:SD - Get Free Report) last announced 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). The business had revenue of $38.97 million during the quarter, compared to analyst estimates of $50.27 million. SandRidge Energy had a net margin of 39.25% and a return on equity of 7.92%.

SandRidge Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were given a $0.11 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.44 dividend on an annualized basis and a yield of 4.70%. SandRidge Energy's payout ratio is 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.