36,300 Shares in SandRidge Energy, Inc. (NYSE:SD) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new position in shares of SandRidge Energy, Inc. (NYSE:SD - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 36,300 shares of the oil and natural gas company's stock, valued at approximately $425,000. KLP Kapitalforvaltning AS owned approximately 0.10% of SandRidge Energy at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SD. American Century Companies Inc. increased its stake in 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 worth $11,225,000 after purchasing an additional 84,263 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in shares of SandRidge Energy by 1.0% during the fourth quarter. Teacher Retirement System of Texas now owns 143,881 shares of the oil and natural gas company's stock valued at $1,685,000 after acquiring an additional 1,474 shares during the period. Koss Olinger Consulting LLC boosted its stake in SandRidge Energy by 21.6% in 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 period. Royce & Associates LP boosted its stake in SandRidge Energy by 76.2% in the 4th quarter. Royce & Associates LP now owns 1,094,786 shares of the oil and natural gas company's stock worth $12,820,000 after purchasing an additional 473,542 shares during the period. Finally, Commonwealth Equity Services LLC purchased a new stake in shares of SandRidge Energy in the fourth quarter valued at $148,000. 61.84% of the stock is currently owned by institutional investors and hedge funds.

SandRidge Energy Stock Performance

Shares of SD stock traded up $0.84 on Wednesday, reaching $9.91. 603,867 shares of the company's stock traded hands, compared to its average volume of 298,930. The company has a market capitalization of $368.11 million, a P/E ratio of 7.74 and a beta of 1.66. SandRidge Energy, Inc. has a 12-month low of $8.84 and a 12-month high of $15.31. The business's 50 day moving average price is $11.40 and its two-hundred day moving average price is $11.61.

SandRidge Energy (NYSE:SD - Get Free Report) last released its earnings results on Monday, March 10th. The oil and natural gas company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.14). The business had revenue of $38.97 million for the quarter, compared to analysts' expectations 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 business 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. The ex-dividend date was Thursday, March 20th. This represents a $0.44 dividend on an annualized basis and a yield of 4.44%. SandRidge Energy's payout ratio is 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.