JPMorgan Chase & Co. Raises Holdings in SandRidge Energy, Inc. (NYSE:SD)

JPMorgan Chase & Co. grew its position in SandRidge Energy, Inc. (NYSE:SD - Free Report) by 145.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 150,733 shares of the oil and natural gas company's stock after buying an additional 89,313 shares during the quarter. JPMorgan Chase & Co. owned 0.41% of SandRidge Energy worth $1,765,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SD. Fox Run Management L.L.C. purchased a new position in SandRidge Energy during the fourth quarter valued at approximately $132,000. KLP Kapitalforvaltning AS bought a new stake in SandRidge Energy during the 4th quarter valued at $425,000. American Century Companies Inc. increased its holdings in shares of SandRidge Energy by 9.6% in the 4th quarter. American Century Companies Inc. now owns 958,573 shares of the oil and natural gas company's stock valued at $11,225,000 after acquiring an additional 84,263 shares during the period. Teacher Retirement System of Texas raised its position in shares of SandRidge Energy by 1.0% in the 4th quarter. Teacher Retirement System of Texas now owns 143,881 shares of the oil and natural gas company's stock worth $1,685,000 after acquiring an additional 1,474 shares in the last quarter. Finally, Koss Olinger Consulting LLC lifted its stake in shares of SandRidge Energy by 21.6% during the 4th quarter. Koss Olinger Consulting LLC now owns 43,838 shares of the oil and natural gas company's stock worth $513,000 after purchasing an additional 7,793 shares during the last quarter. Hedge funds and other institutional investors own 61.84% of the company's stock.

SandRidge Energy Stock Performance

SD traded down $0.13 on Monday, hitting $9.39. The company had a trading volume of 292,517 shares, compared to its average volume of 303,428. The stock has a market capitalization of $348.79 million, a price-to-earnings ratio of 7.34 and a beta of 1.66. The stock has a fifty day moving average price of $10.76 and a 200-day moving average price of $11.36. SandRidge Energy, Inc. has a 12-month low of $8.81 and a 12-month high of $14.54.

SandRidge Energy (NYSE:SD - Get Free Report) last released its quarterly 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 firm had revenue of $38.97 million during the quarter, compared to the consensus estimate of $50.27 million. SandRidge Energy had a net margin of 39.25% and a return on equity of 7.92%.

SandRidge Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 20th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date was Thursday, March 20th. SandRidge Energy's payout ratio is presently 25.88%.

SandRidge Energy 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.