Royce & Associates LP Boosts Stake in SandRidge Energy, Inc. (NYSE:SD)

Royce & Associates LP grew its position in shares of SandRidge Energy, Inc. (NYSE:SD - Free Report) by 279.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 621,244 shares of the oil and natural gas company's stock after acquiring an additional 457,500 shares during the period. Royce & Associates LP owned about 1.67% of SandRidge Energy worth $7,598,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its holdings in SandRidge Energy by 19.4% in the second quarter. American Century Companies Inc. now owns 763,356 shares of the oil and natural gas company's stock worth $9,870,000 after buying an additional 123,890 shares during the last quarter. Denali Advisors LLC increased its stake in shares of SandRidge Energy by 69.4% in the 2nd quarter. Denali Advisors LLC now owns 292,800 shares of the oil and natural gas company's stock worth $3,786,000 after purchasing an additional 120,000 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of SandRidge Energy by 88.4% during the 1st quarter. Russell Investments Group Ltd. now owns 227,320 shares of the oil and natural gas company's stock valued at $3,312,000 after buying an additional 106,667 shares in the last quarter. Caxton Associates LP grew its holdings in SandRidge Energy by 690.0% during the 1st quarter. Caxton Associates LP now owns 118,492 shares of the oil and natural gas company's stock valued at $1,726,000 after buying an additional 103,493 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of SandRidge Energy by 5.5% in the second quarter. Renaissance Technologies LLC now owns 1,524,312 shares of the oil and natural gas company's stock worth $19,709,000 after buying an additional 79,400 shares in the last quarter. 61.84% of the stock is owned by hedge funds and other institutional investors.

SandRidge Energy Stock Performance

Shares of NYSE:SD traded up $0.22 on Monday, reaching $11.67. The company's stock had a trading volume of 285,755 shares, compared to its average volume of 347,889. The company has a market cap of $434.24 million, a P/E ratio of 8.95 and a beta of 2.10. The company has a 50-day simple moving average of $11.85 and a 200 day simple moving average of $12.73. SandRidge Energy, Inc. has a 52-week low of $10.94 and a 52-week high of $15.31.

SandRidge Energy (NYSE:SD - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The oil and natural gas company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.27 by ($0.08). The firm had revenue of $30.06 million for the quarter. 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 declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 3.77%. The ex-dividend date is Friday, November 15th. SandRidge Energy's dividend payout ratio is presently 34.38%.

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.