Assenagon Asset Management S.A. grew its holdings in SandRidge Energy, Inc. (NYSE:SD - Free Report) by 62.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 133,952 shares of the oil and natural gas company's stock after buying an additional 51,583 shares during the period. Assenagon Asset Management S.A. owned 0.36% of SandRidge Energy worth $1,638,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. nVerses Capital LLC acquired a new position in SandRidge Energy during the second quarter worth $25,000. Quarry LP acquired a new position in shares of SandRidge Energy during the 2nd quarter valued at about $25,000. Copeland Capital Management LLC acquired a new position in shares of SandRidge Energy during the 3rd quarter valued at about $36,000. The Manufacturers Life Insurance Company grew its holdings in shares of SandRidge Energy by 6.4% in the second quarter. The Manufacturers Life Insurance Company now owns 12,496 shares of the oil and natural gas company's stock valued at $162,000 after purchasing an additional 756 shares during the period. Finally, Lakewood Asset Management LLC increased its position in SandRidge Energy by 9.0% during the third quarter. Lakewood Asset Management LLC now owns 15,265 shares of the oil and natural gas company's stock worth $187,000 after purchasing an additional 1,265 shares during the last quarter. 61.84% of the stock is owned by hedge funds and other institutional investors.
SandRidge Energy Stock Down 0.2 %
NYSE:SD traded down $0.02 on Friday, hitting $11.07. The stock had a trading volume of 287,690 shares, compared to its average volume of 290,844. The company has a fifty day moving average price of $12.11 and a two-hundred day moving average price of $12.94. SandRidge Energy, Inc. has a 1-year low of $10.94 and a 1-year high of $16.24. The stock has a market cap of $411.60 million, a price-to-earnings ratio of 10.16 and a beta of 2.10.
SandRidge Energy (NYSE:SD - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The oil and natural gas company reported $0.17 EPS for the quarter. The firm had revenue of $25.98 million for the quarter. SandRidge Energy had a return on equity of 9.88% and a net margin of 31.47%.
SandRidge Energy Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date of this dividend was Friday, August 16th. SandRidge Energy's dividend payout ratio is presently 40.37%.
SandRidge Energy Company Profile
(
Free Report)
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.
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