SandRidge Energy, Inc. (NYSE:SD) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in SandRidge Energy, Inc. (NYSE:SD) by 3.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 263,004 shares of the oil and natural gas company’s stock after buying an additional 9,471 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.71% of SandRidge Energy worth $3,217,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Quest Partners LLC acquired a new position in SandRidge Energy in the third quarter worth $522,000. Assenagon Asset Management S.A. boosted its stake in SandRidge Energy by 62.6% in the third quarter. Assenagon Asset Management S.A. now owns 133,952 shares of the oil and natural gas company’s stock valued at $1,638,000 after acquiring an additional 51,583 shares during the period. Denali Advisors LLC grew its holdings in shares of SandRidge Energy by 69.4% during the second quarter. Denali Advisors LLC now owns 292,800 shares of the oil and natural gas company’s stock valued at $3,786,000 after purchasing an additional 120,000 shares during the last quarter. Royce & Associates LP raised its position in shares of SandRidge Energy by 279.4% during the 3rd quarter. Royce & Associates LP now owns 621,244 shares of the oil and natural gas company’s stock worth $7,598,000 after purchasing an additional 457,500 shares during the period. Finally, Privium Fund Management B.V. bought a new stake in shares of SandRidge Energy in the 2nd quarter worth approximately $299,000. Institutional investors and hedge funds own 61.84% of the company’s stock.

SandRidge Energy Price Performance

Shares of SD opened at $11.28 on Friday. SandRidge Energy, Inc. has a 12 month low of $10.77 and a 12 month high of $15.31. The stock has a fifty day moving average price of $11.62 and a 200 day moving average price of $12.43. The company has a market cap of $419.77 million, a P/E ratio of 8.81 and a beta of 2.13.

SandRidge Energy (NYSE:SD) last announced its quarterly earnings results on Wednesday, November 6th. The oil and natural gas company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.08). SandRidge Energy had a net margin of 39.25% and a return on equity of 7.92%. The firm had revenue of $30.06 million for the quarter.

SandRidge Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a $0.11 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.44 annualized dividend and a dividend yield of 3.90%. SandRidge Energy’s payout ratio is currently 34.38%.

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.