Zurcher Kantonalbank Zurich Cantonalbank Buys 4,325 Shares of SandRidge Energy, Inc. (NYSE:SD)

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in SandRidge Energy, Inc. (NYSE:SD) by 114.2% during the 4th quarter, Holdings Channel reports. The fund owned 8,113 shares of the oil and natural gas company’s stock after acquiring an additional 4,325 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in SandRidge Energy were worth $111,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Strs Ohio boosted its position in shares of SandRidge Energy by 18.9% in the fourth quarter. Strs Ohio now owns 42,700 shares of the oil and natural gas company’s stock valued at $583,000 after acquiring an additional 6,800 shares during the period. LB Partners LLC bought a new stake in SandRidge Energy in the 4th quarter valued at about $1,070,000. Denali Advisors LLC grew its position in shares of SandRidge Energy by 217.2% during the 4th quarter. Denali Advisors LLC now owns 92,300 shares of the oil and natural gas company’s stock worth $1,262,000 after purchasing an additional 63,200 shares in the last quarter. Copeland Capital Management LLC bought a new position in shares of SandRidge Energy during the fourth quarter worth approximately $27,000. Finally, Assenagon Asset Management S.A. raised its position in shares of SandRidge Energy by 115.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 105,561 shares of the oil and natural gas company’s stock valued at $1,443,000 after buying an additional 56,580 shares in the last quarter. 61.84% of the stock is currently owned by institutional investors and hedge funds.

SandRidge Energy Stock Up 1.4 %

SD opened at $13.58 on Friday. The stock has a market capitalization of $504.09 million, a price-to-earnings ratio of 8.28 and a beta of 2.16. SandRidge Energy, Inc. has a twelve month low of $11.51 and a twelve month high of $17.80. The company has a 50-day simple moving average of $14.17 and a 200 day simple moving average of $14.03.

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 for the quarter. The company had revenue of $33.93 million during the quarter. SandRidge Energy had a net margin of 40.94% and a return on equity of 14.50%.

SandRidge Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date is Thursday, May 16th. SandRidge Energy’s dividend payout ratio is presently 26.83%.

Analysts Set New Price Targets

Separately, TheStreet lowered SandRidge Energy from a “b” rating to a “c+” rating in a research note 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.