Raymond James Financial Inc. Buys Shares of 160,205 SandRidge Energy, Inc. (NYSE:SD)

Raymond James Financial Inc. purchased 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 13F filing with the Securities and Exchange Commission. The institutional investor purchased 160,205 shares of the oil and natural gas company's stock, valued at approximately $1,876,000. Raymond James Financial Inc. owned about 0.43% of SandRidge Energy as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Geode Capital Management LLC raised its holdings in SandRidge Energy by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 742,169 shares of the oil and natural gas company's stock valued at $9,079,000 after acquiring an additional 11,300 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of SandRidge Energy by 19.1% in the fourth quarter. Bank of New York Mellon Corp now owns 580,529 shares of the oil and natural gas company's stock valued at $6,798,000 after purchasing an additional 92,950 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in SandRidge Energy by 3.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 263,004 shares of the oil and natural gas company's stock worth $3,217,000 after buying an additional 9,471 shares in the last quarter. Empowered Funds LLC boosted its stake in SandRidge Energy by 5.1% during the fourth quarter. Empowered Funds LLC now owns 136,679 shares of the oil and natural gas company's stock worth $1,601,000 after buying an additional 6,664 shares during the last quarter. Finally, Private Client Services LLC grew its holdings in SandRidge Energy by 63.8% in the 4th quarter. Private Client Services LLC now owns 100,456 shares of the oil and natural gas company's stock valued at $1,176,000 after buying an additional 39,109 shares in the last quarter. 61.84% of the stock is owned by hedge funds and other institutional investors.

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SandRidge Energy Stock Performance

Shares of NYSE SD traded down $0.78 during trading on Thursday, hitting $10.61. 422,730 shares of the company were exchanged, compared to its average volume of 292,691. The company has a fifty day moving average price of $11.74 and a 200-day moving average price of $11.73. The firm has a market capitalization of $393.92 million, a PE ratio of 8.29 and a beta of 2.03. SandRidge Energy, Inc. has a 12-month low of $10.31 and a 12-month high of $15.31.

SandRidge Energy (NYSE:SD - Get Free Report) last issued its earnings results on Monday, March 10th. The oil and natural gas company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.48 by ($0.14). The firm had revenue of $38.97 million for the quarter, compared to analysts' expectations of $50.27 million. SandRidge Energy had a return on equity of 7.92% and a net margin of 39.25%.

SandRidge Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date was Thursday, March 20th. SandRidge Energy's dividend 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.