SandRidge Energy, Inc. (NYSE:SD) Shares Purchased by Royce & Associates LP

Royce & Associates LP grew its stake in SandRidge Energy, Inc. (NYSE:SD) by 76.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,094,786 shares of the oil and natural gas company’s stock after acquiring an additional 473,542 shares during the quarter. Royce & Associates LP owned about 2.94% of SandRidge Energy worth $12,820,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. SG Americas Securities LLC increased its stake in shares of SandRidge Energy by 3.0% in 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 acquiring an additional 1,738 shares during the last quarter. Exchange Traded Concepts LLC increased its stake 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 worth $323,000 after acquiring an additional 2,634 shares during the last quarter. Sanctuary Advisors LLC increased its stake in shares of SandRidge Energy by 9.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 39,895 shares of the oil and natural gas company’s stock worth $483,000 after acquiring an additional 3,451 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of SandRidge Energy by 8.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 61,420 shares of the oil and natural gas company’s stock worth $751,000 after acquiring an additional 4,868 shares during the last quarter. Finally, 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. 61.84% of the stock is owned by institutional investors and hedge funds.

SandRidge Energy Stock Up 1.1 %

Shares of SD opened at $11.55 on Tuesday. The stock has a fifty day simple moving average of $11.96 and a two-hundred day simple moving average of $11.80. The company has a market capitalization of $428.84 million, a PE ratio of 9.02 and a beta of 2.03. SandRidge Energy, Inc. has a 52-week low of $10.31 and a 52-week high of $15.31.

SandRidge Energy (NYSE:SD) 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 Announces Dividend

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 3.81%. The ex-dividend date of this dividend is Thursday, March 20th. SandRidge Energy’s payout ratio is 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.