Dimensional Fund Advisors LP Has $14.77 Million Position in SandRidge Energy, Inc. (NYSE:SD)

Dimensional Fund Advisors LP trimmed its stake in shares of SandRidge Energy, Inc. (NYSE:SD) by 0.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,260,951 shares of the oil and natural gas company’s stock after selling 2,957 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.39% of SandRidge Energy worth $14,765,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SD. First Trust Advisors LP increased its position in SandRidge Energy by 18.3% in the 4th quarter. First Trust Advisors LP now owns 384,664 shares of the oil and natural gas company’s stock valued at $4,504,000 after acquiring an additional 59,618 shares during the period. NewEdge Advisors LLC raised its position in SandRidge Energy by 100.0% during the 4th quarter. NewEdge Advisors LLC now owns 9,000 shares of the oil and natural gas company’s stock worth $105,000 after purchasing an additional 4,500 shares during the last quarter. XTX Topco Ltd acquired a new position in SandRidge Energy during the 4th quarter worth about $343,000. Mariner LLC bought a new stake in shares of SandRidge Energy in the 4th quarter valued at about $201,000. Finally, Barclays PLC increased its stake in shares of SandRidge Energy by 11.0% in the fourth quarter. Barclays PLC now owns 96,276 shares of the oil and natural gas company’s stock valued at $1,129,000 after buying an additional 9,524 shares during the period. Institutional investors own 61.84% of the company’s stock.

SandRidge Energy Price Performance

SandRidge Energy stock opened at $9.78 on Friday. The stock’s 50 day moving average is $10.29 and its 200 day moving average is $11.22. SandRidge Energy, Inc. has a one year low of $8.81 and a one year high of $14.24. The firm has a market cap of $358.77 million, a P/E ratio of 7.64 and a beta of 0.84.

SandRidge Energy (NYSE:SD) last posted its quarterly earnings data on Wednesday, May 7th. The oil and natural gas company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.04). The business had revenue of $42.60 million during the quarter, compared to the consensus estimate of $43.32 million. SandRidge Energy had a return on equity of 7.92% and a net margin of 39.25%.

SandRidge Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be issued a dividend of $0.11 per share. The ex-dividend date is Monday, May 19th. This represents a $0.44 annualized dividend and a dividend yield of 4.50%. 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.