Raymond James Financial Inc. Makes New Investment in SandRidge Energy, Inc. (NYSE:SD)

Raymond James Financial Inc. bought a new stake in shares of SandRidge Energy, Inc. (NYSE:SD) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 160,205 shares of the oil and natural gas company’s stock, valued at approximately $1,876,000. Raymond James Financial Inc. owned approximately 0.43% of SandRidge Energy at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Royce & Associates LP raised its holdings in SandRidge Energy by 76.2% in the 4th quarter. Royce & Associates LP now owns 1,094,786 shares of the oil and natural gas company’s stock worth $12,820,000 after acquiring an additional 473,542 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of SandRidge Energy by 305.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 129,361 shares of the oil and natural gas company’s stock worth $1,515,000 after purchasing an additional 97,481 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of SandRidge Energy by 19.1% during the fourth quarter. Bank of New York Mellon Corp now owns 580,529 shares of the oil and natural gas company’s stock worth $6,798,000 after buying an additional 92,950 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of SandRidge Energy by 145.4% during the fourth quarter. JPMorgan Chase & Co. now owns 150,733 shares of the oil and natural gas company’s stock worth $1,765,000 after buying an additional 89,313 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of SandRidge Energy by 9.6% in the fourth quarter. American Century Companies Inc. now owns 958,573 shares of the oil and natural gas company’s stock valued at $11,225,000 after acquiring an additional 84,263 shares during the period. Institutional investors and hedge funds own 61.84% of the company’s stock.

SandRidge Energy Trading Up 2.2 %

Shares of SD stock opened at $9.31 on Friday. The firm has a market capitalization of $345.82 million, a P/E ratio of 7.27 and a beta of 1.66. SandRidge Energy, Inc. has a 1 year low of $8.81 and a 1 year high of $14.24. The firm’s fifty day simple moving average is $10.51 and its 200 day simple moving average is $11.29.

SandRidge Energy (NYSE:SD) last posted its quarterly earnings results on Monday, March 10th. The oil and natural gas company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.14). SandRidge Energy had a net margin of 39.25% and a return on equity of 7.92%. The firm had revenue of $38.97 million during the quarter, compared to analyst estimates of $50.27 million.

SandRidge Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.44 dividend on an annualized basis and a yield of 4.73%. 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.