Vanguard Group Inc. Raises Stock Position in SandRidge Energy, Inc. (NYSE:SD)

Vanguard Group Inc. boosted its holdings in SandRidge Energy, Inc. (NYSE:SD) by 1.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 1,683,520 shares of the oil and natural gas company’s stock after purchasing an additional 28,616 shares during the quarter. Vanguard Group Inc.’s holdings in SandRidge Energy were worth $26,364,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. First Capital Advisors Group LLC. bought a new position in shares of SandRidge Energy during the 2nd quarter valued at about $30,000. ORG Partners LLC bought a new position in shares of SandRidge Energy during the 3rd quarter valued at about $50,000. NewEdge Advisors LLC bought a new position in shares of SandRidge Energy during the 1st quarter valued at about $50,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of SandRidge Energy during the 2nd quarter valued at about $59,000. Finally, UBS Group AG boosted its holdings in shares of SandRidge Energy by 5,147.7% during the 3rd quarter. UBS Group AG now owns 5,615 shares of the oil and natural gas company’s stock valued at $92,000 after purchasing an additional 5,508 shares during the last quarter. Hedge funds and other institutional investors own 61.84% of the company’s stock.

SandRidge Energy Trading Down 1.2 %

Shares of NYSE:SD opened at $14.89 on Friday. SandRidge Energy, Inc. has a 12 month low of $11.51 and a 12 month high of $17.80. The company has a 50-day moving average price of $13.60 and a 200 day moving average price of $14.23. The company has a market cap of $552.43 million, a price-to-earnings ratio of 9.08 and a beta of 2.13.

SandRidge Energy (NYSE:SD) last announced its quarterly earnings results on Wednesday, March 6th. The oil and natural gas company reported $0.35 EPS for the quarter. SandRidge Energy had a net margin of 40.94% and a return on equity of 14.50%. The firm had revenue of $33.93 million during the quarter.

SandRidge Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date was Thursday, March 14th. SandRidge Energy’s payout ratio is 24.39%.

Analyst Upgrades and Downgrades

Separately, TheStreet downgraded shares of SandRidge Energy from a “b” rating to a “c+” rating in a report on Wednesday, March 6th.

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.