Thompson Siegel & Walmsley LLC cut its stake in SandRidge Energy, Inc. (NYSE:SD - Free Report) by 60.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,756 shares of the oil and natural gas company's stock after selling 39,103 shares during the quarter. Thompson Siegel & Walmsley LLC owned about 0.07% of SandRidge Energy worth $302,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of SD. Quantinno Capital Management LP acquired 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 3rd quarter worth $248,000. BNP Paribas Financial Markets increased its stake in shares of SandRidge Energy by 34.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 23,502 shares of the oil and natural gas company's stock worth $287,000 after acquiring an additional 5,967 shares during the last quarter. Lavaca Capital LLC acquired a new stake in shares of SandRidge Energy during the 3rd quarter worth about $306,000. Finally, Exchange Traded Concepts LLC increased its position in shares of SandRidge Energy by 10.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 27,570 shares of the oil and natural gas company's stock worth $323,000 after purchasing an additional 2,634 shares during the last quarter. 61.84% of the stock is owned by institutional investors and hedge funds.
SandRidge Energy Price Performance
Shares of NYSE:SD traded up $0.17 during midday trading on Wednesday, reaching $11.86. 301,337 shares of the company's stock were exchanged, compared to its average volume of 282,537. The firm's 50 day simple moving average is $11.95 and its two-hundred day simple moving average is $11.79. The stock has a market cap of $440.35 million, a price-to-earnings ratio of 9.26 and a beta of 2.03. SandRidge Energy, Inc. has a fifty-two week low of $10.31 and a fifty-two week high of $15.31.
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 analysts' consensus estimates of $0.48 by ($0.14). The business had revenue of $38.97 million for the quarter, compared to analyst estimates 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 will be paid on Monday, March 31st. Investors of record on Thursday, March 20th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date is Thursday, March 20th. SandRidge Energy's payout ratio is 25.88%.
SandRidge Energy Company Profile
(
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.
See Also
Before you consider SandRidge Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SandRidge Energy wasn't on the list.
While SandRidge Energy currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
