Vanguard Group Inc. Sells 79,881 Shares of SandRidge Energy, Inc. (NYSE:SD)

Vanguard Group Inc. decreased its position in SandRidge Energy, Inc. (NYSE:SD - Free Report) by 3.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,266,198 shares of the oil and natural gas company's stock after selling 79,881 shares during the quarter. Vanguard Group Inc. owned 6.09% of SandRidge Energy worth $26,537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Fox Run Management L.L.C. purchased a new position in shares of SandRidge Energy during the 4th quarter worth about $132,000. Commonwealth Equity Services LLC bought a new position in shares of SandRidge Energy during the fourth quarter valued at approximately $148,000. Quantinno Capital Management LP purchased a new stake in shares of SandRidge Energy in the third quarter worth approximately $186,000. BNP Paribas Financial Markets boosted its holdings in SandRidge Energy by 34.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 23,502 shares of the oil and natural gas company's stock valued at $287,000 after acquiring an additional 5,967 shares during the period. Finally, Exchange Traded Concepts LLC increased its stake in SandRidge Energy by 10.6% in the fourth 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 period. 61.84% of the stock is owned by hedge funds and other institutional investors.

SandRidge Energy Trading Up 2.4 %

Shares of NYSE SD traded up $0.23 during mid-day trading on Friday, reaching $9.62. The company had a trading volume of 242,591 shares, compared to its average volume of 302,198. SandRidge Energy, Inc. has a 52 week low of $8.81 and a 52 week high of $14.85. The business's 50-day moving average is $11.03 and its 200-day moving average is $11.49. The stock has a market cap of $357.33 million, a price-to-earnings ratio of 7.52 and a beta of 1.66.

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

SandRidge Energy Announces Dividend

The company 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. The ex-dividend date was Thursday, March 20th. This represents a $0.44 annualized dividend and a dividend yield of 4.57%. SandRidge Energy's payout ratio is currently 25.88%.

About SandRidge Energy

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.