Royce & Associates LP grew its holdings in shares of SandRidge Energy, Inc. (NYSE:SD - Free Report) by 76.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,094,786 shares of the oil and natural gas company's stock after purchasing an additional 473,542 shares during the period. Royce & Associates LP owned approximately 2.94% of SandRidge Energy worth $12,820,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the business. Commonwealth Equity Services LLC acquired a new stake in SandRidge Energy in the fourth quarter worth approximately $148,000. Quantinno Capital Management LP bought a new stake in shares of SandRidge Energy in the 3rd quarter worth $186,000. Cornercap Investment Counsel Inc. acquired a new stake in shares of SandRidge Energy in the third quarter valued at $248,000. BNP Paribas Financial Markets boosted its stake in SandRidge Energy by 34.0% during the third quarter. BNP Paribas Financial Markets now owns 23,502 shares of the oil and natural gas company's stock valued at $287,000 after buying an additional 5,967 shares in the last quarter. Finally, Lavaca Capital LLC bought a new position in SandRidge Energy during the third quarter valued at about $306,000. 61.84% of the stock is owned by institutional investors and hedge funds.
SandRidge Energy Stock Down 3.1 %
SandRidge Energy stock traded down $0.36 during midday trading on Friday, hitting $11.32. The company's stock had a trading volume of 1,077,396 shares, compared to its average volume of 284,417. SandRidge Energy, Inc. has a 12 month low of $10.31 and a 12 month high of $15.31. The company has a market capitalization of $420.37 million, a PE ratio of 8.84 and a beta of 2.03. The stock's 50-day moving average price is $11.93 and its 200-day moving average price is $11.79.
SandRidge Energy (NYSE:SD - Get Free Report) last announced 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 business had revenue of $38.97 million during the quarter, compared to analyst estimates of $50.27 million.
SandRidge Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.89%. SandRidge Energy's dividend payout ratio (DPR) is presently 25.88%.
About SandRidge Energy
(
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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