Wells Fargo & Company MN Increases Stock Holdings in SandRidge Energy, Inc. (NYSE:SD)

Wells Fargo & Company MN boosted its position in shares of SandRidge Energy, Inc. (NYSE:SD) by 5.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,158 shares of the oil and natural gas company’s stock after purchasing an additional 2,411 shares during the period. Wells Fargo & Company MN owned approximately 0.12% of SandRidge Energy worth $517,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of SD. Royce & Associates LP increased its holdings in shares of SandRidge Energy by 76.2% during 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 buying an additional 473,542 shares during the last quarter. Raymond James Financial Inc. purchased a new position in SandRidge Energy in the fourth quarter worth approximately $1,876,000. Arrowstreet Capital Limited Partnership increased its stake in SandRidge Energy by 305.8% during 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 acquiring an additional 97,481 shares during the last quarter. Bank of New York Mellon Corp raised its position in SandRidge Energy by 19.1% in the fourth quarter. Bank of New York Mellon Corp now owns 580,529 shares of the oil and natural gas company’s stock valued at $6,798,000 after purchasing an additional 92,950 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of SandRidge Energy by 145.4% in the 4th quarter. JPMorgan Chase & Co. now owns 150,733 shares of the oil and natural gas company’s stock valued at $1,765,000 after purchasing an additional 89,313 shares during the last quarter. 61.84% of the stock is owned by hedge funds and other institutional investors.

SandRidge Energy Trading Up 1.7 %

Shares of NYSE:SD opened at $9.45 on Friday. The company has a market capitalization of $351.02 million, a price-to-earnings ratio of 7.38 and a beta of 1.66. SandRidge Energy, Inc. has a 12-month low of $8.81 and a 12-month high of $14.24. The business has a 50-day moving average price of $10.46 and a 200 day moving average price of $11.27.

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 company 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 company also recently announced 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 4.66%. The ex-dividend date of this dividend was Thursday, March 20th. SandRidge Energy’s payout ratio is 25.88%.

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.