Raymond James Financial Inc. Takes Position in SandRidge Energy, Inc. (NYSE:SD)

Raymond James Financial Inc. acquired a new position in shares of SandRidge Energy, Inc. (NYSE:SD - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 160,205 shares of the oil and natural gas company's stock, valued at approximately $1,876,000. Raymond James Financial Inc. owned 0.43% of SandRidge Energy at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of SD. Bank of New York Mellon Corp increased its stake in shares of SandRidge Energy by 19.1% during the fourth quarter. Bank of New York Mellon Corp now owns 580,529 shares of the oil and natural gas company's stock worth $6,798,000 after buying an additional 92,950 shares during the period. Empowered Funds LLC grew its holdings in SandRidge Energy by 5.1% during the 4th quarter. Empowered Funds LLC now owns 136,679 shares of the oil and natural gas company's stock worth $1,601,000 after acquiring an additional 6,664 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. increased its position in shares of SandRidge Energy by 8.9% in the 4th quarter. Klein Pavlis & Peasley Financial Inc. now owns 97,112 shares of the oil and natural gas company's stock valued at $1,137,000 after purchasing an additional 7,947 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of SandRidge Energy by 10.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 27,570 shares of the oil and natural gas company's stock valued at $323,000 after purchasing an additional 2,634 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of SandRidge Energy by 3.0% during the 4th quarter. SG Americas Securities LLC now owns 59,526 shares of the oil and natural gas company's stock worth $697,000 after purchasing an additional 1,738 shares during the last quarter. 61.84% of the stock is currently owned by institutional investors and hedge funds.

SandRidge Energy Price Performance

Shares of SD traded down $0.95 during mid-day trading on Friday, reaching $9.63. The company's stock had a trading volume of 705,691 shares, compared to its average volume of 294,464. SandRidge Energy, Inc. has a 12-month low of $9.50 and a 12-month high of $15.31. The stock has a market cap of $357.52 million, a PE ratio of 7.52 and a beta of 1.66. The company's 50 day moving average is $11.66 and its 200 day moving average is $11.70.

SandRidge Energy (NYSE:SD - Get Free Report) last issued 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). 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders 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 dividend yield of 4.57%. SandRidge Energy's dividend payout ratio (DPR) is 25.88%.

SandRidge Energy Company 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.