Teacher Retirement System of Texas Buys 1,474 Shares of SandRidge Energy, Inc. (NYSE:SD)

Teacher Retirement System of Texas raised its position in SandRidge Energy, Inc. (NYSE:SD) by 1.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 143,881 shares of the oil and natural gas company’s stock after buying an additional 1,474 shares during the period. Teacher Retirement System of Texas’ holdings in SandRidge Energy were worth $1,685,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of SD. Victory Capital Management Inc. lifted its stake in shares of SandRidge Energy by 90.7% during the third quarter. Victory Capital Management Inc. now owns 33,019 shares of the oil and natural gas company’s stock valued at $404,000 after acquiring an additional 15,702 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in SandRidge Energy by 3.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 263,004 shares of the oil and natural gas company’s stock worth $3,217,000 after purchasing an additional 9,471 shares during the last quarter. Algert Global LLC lifted its position in SandRidge Energy by 70.5% during the 3rd quarter. Algert Global LLC now owns 39,490 shares of the oil and natural gas company’s stock valued at $483,000 after purchasing an additional 16,329 shares during the period. BNP Paribas Financial Markets boosted 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 valued at $287,000 after purchasing an additional 5,967 shares during the last quarter. Finally, Lavaca Capital LLC acquired a new stake in shares of SandRidge Energy during the 3rd quarter worth approximately $306,000. 61.84% of the stock is currently owned by institutional investors.

SandRidge Energy Price Performance

Shares of NYSE SD opened at $11.56 on Friday. SandRidge Energy, Inc. has a fifty-two week low of $10.31 and a fifty-two week high of $15.31. The firm has a market capitalization of $429.21 million, a P/E ratio of 9.03 and a beta of 2.03. The company’s 50 day simple moving average is $11.82 and its 200 day simple moving average is $11.74.

SandRidge Energy (NYSE:SD) 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 analysts’ consensus estimates of $0.48 by ($0.14). SandRidge Energy had a net margin of 39.25% and a return on equity of 7.92%. The company 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 announced 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 is Thursday, March 20th. This represents a $0.44 annualized dividend and a dividend yield of 3.81%. 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.