SandRidge Energy, Inc. (NYSE:SD) Shares Purchased by Northern Trust Corp

Northern Trust Corp grew its position in shares of SandRidge Energy, Inc. (NYSE:SD) by 0.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 296,302 shares of the oil and natural gas company’s stock after acquiring an additional 1,294 shares during the quarter. Northern Trust Corp owned about 0.80% of SandRidge Energy worth $3,470,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of SD. Raymond James Financial Inc. bought a new stake in shares of SandRidge Energy during the fourth quarter valued at about $1,876,000. Arrowstreet Capital Limited Partnership raised its holdings in SandRidge Energy by 305.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 129,361 shares of the oil and natural gas company’s stock worth $1,515,000 after buying an additional 97,481 shares during the period. SG Americas Securities LLC raised its holdings in SandRidge Energy by 3.0% during the 4th quarter. SG Americas Securities LLC now owns 59,526 shares of the oil and natural gas company’s stock worth $697,000 after buying an additional 1,738 shares during the period. Royce & Associates LP raised its holdings in 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 period. Finally, Empowered Funds LLC grew its stake in SandRidge Energy by 5.1% during the 4th quarter. Empowered Funds LLC now owns 136,679 shares of the oil and natural gas company’s stock valued at $1,601,000 after acquiring an additional 6,664 shares in the last quarter. Institutional investors and hedge funds own 61.84% of the company’s stock.

SandRidge Energy Price Performance

NYSE:SD opened at $9.64 on Friday. SandRidge Energy, Inc. has a fifty-two week low of $8.81 and a fifty-two week high of $14.04. The stock’s 50-day moving average is $10.04 and its two-hundred day moving average is $11.14. The stock has a market cap of $353.48 million, a PE ratio of 7.53 and a beta of 0.84.

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

SandRidge Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $0.44 dividend on an annualized basis and a yield of 4.57%. SandRidge Energy’s payout ratio is currently 25.14%.

SandRidge Energy Company 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.