Strs Ohio Grows Stock Position in SandRidge Energy, Inc. (NYSE:SD)

Strs Ohio lifted its stake in shares of SandRidge Energy, Inc. (NYSE:SD) by 18.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,700 shares of the oil and natural gas company’s stock after purchasing an additional 6,800 shares during the quarter. Strs Ohio owned about 0.12% of SandRidge Energy worth $583,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Copeland Capital Management LLC purchased a new position in SandRidge Energy in the fourth quarter worth $27,000. ORG Partners LLC purchased a new position in SandRidge Energy in the third quarter worth $50,000. Quantbot Technologies LP purchased a new position in SandRidge Energy in the third quarter worth $103,000. SG Americas Securities LLC purchased a new position in SandRidge Energy in the third quarter worth $193,000. Finally, WINTON GROUP Ltd purchased a new position in shares of SandRidge Energy in the third quarter valued at $228,000. Hedge funds and other institutional investors own 61.84% of the company’s stock.

Wall Street Analyst Weigh In

Separately, TheStreet lowered SandRidge Energy from a “b” rating to a “c+” rating in a research note on Wednesday, March 6th.

SandRidge Energy Stock Down 0.5 %

SD opened at $14.55 on Friday. The business’s fifty day simple moving average is $14.03 and its 200 day simple moving average is $14.18. SandRidge Energy, Inc. has a 52 week low of $11.51 and a 52 week high of $17.80. The firm has a market cap of $539.63 million, a P/E ratio of 8.87 and a beta of 2.15.

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

SandRidge Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend was Thursday, March 14th. SandRidge Energy’s dividend payout ratio is currently 26.83%.

SandRidge Energy Profile

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.