Prudential Financial Inc. Has $295,000 Holdings in SandRidge Energy, Inc. (NYSE:SD)

Prudential Financial Inc. decreased its position in shares of SandRidge Energy, Inc. (NYSE:SD - Free Report) by 75.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,160 shares of the oil and natural gas company's stock after selling 77,600 shares during the period. Prudential Financial Inc. owned 0.07% of SandRidge Energy worth $295,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Fox Run Management L.L.C. acquired a new position in SandRidge Energy in the 4th quarter valued at approximately $132,000. KLP Kapitalforvaltning AS acquired a new position in SandRidge Energy in the 4th quarter worth about $425,000. American Century Companies Inc. raised its stake in shares of SandRidge Energy by 9.6% during 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 lifted its holdings in shares of SandRidge Energy by 1.0% during the 4th 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 buying an additional 1,474 shares during the last quarter. Finally, Koss Olinger Consulting LLC grew its stake in shares of 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 valued at $513,000 after buying an additional 7,793 shares in the last quarter. 61.84% of the stock is currently owned by institutional investors and hedge funds.

SandRidge Energy Trading Up 3.0 %

SandRidge Energy stock traded up $0.28 during mid-day trading on Wednesday, hitting $9.45. 39,569 shares of the company's stock were exchanged, compared to its average volume of 300,093. The stock has a market cap of $350.83 million, a P/E ratio of 7.38 and a beta of 1.66. The stock has a 50 day moving average of $11.19 and a two-hundred day moving average of $11.54. SandRidge Energy, Inc. has a 1-year low of $8.81 and a 1-year high of $14.85.

SandRidge Energy (NYSE:SD - Get Free Report) last posted 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 the consensus estimate of $0.48 by ($0.14). SandRidge Energy had a return on equity of 7.92% and a net margin of 39.25%. The firm had revenue of $38.97 million for the quarter, compared to the consensus estimate of $50.27 million.

SandRidge Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.44 annualized dividend and a yield of 4.66%. SandRidge Energy's dividend 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.