Russell Investments Group Ltd. Lowers Holdings in SandRidge Energy, Inc. (NYSE:SD)

Russell Investments Group Ltd. lowered its holdings in SandRidge Energy, Inc. (NYSE:SD) by 15.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 89,530 shares of the oil and natural gas company’s stock after selling 15,768 shares during the quarter. Russell Investments Group Ltd. owned 0.24% of SandRidge Energy worth $1,048,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Barclays PLC increased its holdings in SandRidge Energy by 87.3% in the 3rd quarter. Barclays PLC now owns 86,752 shares of the oil and natural gas company’s stock valued at $1,062,000 after purchasing an additional 40,427 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of SandRidge Energy by 1.5% in the third quarter. Geode Capital Management LLC now owns 742,169 shares of the oil and natural gas company’s stock valued at $9,079,000 after buying an additional 11,300 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in shares of SandRidge Energy by 9.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 39,895 shares of the oil and natural gas company’s stock valued at $483,000 after buying an additional 3,451 shares during the period. JPMorgan Chase & Co. lifted its stake in SandRidge Energy by 8.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 61,420 shares of the oil and natural gas company’s stock worth $751,000 after acquiring an additional 4,868 shares in the last quarter. Finally, Private Client Services LLC boosted its holdings in SandRidge Energy by 63.8% during the 4th quarter. Private Client Services LLC now owns 100,456 shares of the oil and natural gas company’s stock valued at $1,176,000 after acquiring an additional 39,109 shares during the period. Hedge funds and other institutional investors own 61.84% of the company’s stock.

SandRidge Energy Price Performance

Shares of NYSE:SD opened at $9.31 on Tuesday. The firm’s 50-day moving average is $10.98 and its two-hundred day moving average is $11.45. SandRidge Energy, Inc. has a 1 year low of $8.81 and a 1 year high of $14.85. The firm has a market capitalization of $345.82 million, a PE ratio of 7.27 and a beta of 1.66.

SandRidge Energy (NYSE:SD) last announced its earnings results on Monday, March 10th. The oil and natural gas company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.14). The business had revenue of $38.97 million for the quarter, compared to analysts’ expectations of $50.27 million. SandRidge Energy had a return on equity of 7.92% and a net margin of 39.25%.

SandRidge Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date was Thursday, March 20th. SandRidge Energy’s dividend payout ratio is currently 25.88%.

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.