SandRidge Energy, Inc. (NYSE:SD) Shares Bought by Rhumbline Advisers

Rhumbline Advisers boosted its holdings in shares of SandRidge Energy, Inc. (NYSE:SD) by 1.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,536 shares of the oil and natural gas company’s stock after buying an additional 1,421 shares during the period. Rhumbline Advisers owned approximately 0.21% of SandRidge Energy worth $885,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd grew its stake in SandRidge Energy by 3.7% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 24,397 shares of the oil and natural gas company’s stock valued at $286,000 after purchasing an additional 870 shares during the last quarter. Northern Trust Corp grew its stake in SandRidge Energy by 0.4% during the 4th quarter. Northern Trust Corp now owns 296,302 shares of the oil and natural gas company’s stock valued at $3,470,000 after purchasing an additional 1,294 shares during the last quarter. Teacher Retirement System of Texas grew its stake in SandRidge Energy by 1.0% during the 4th quarter. Teacher Retirement System of Texas now owns 143,881 shares of the oil and natural gas company’s stock valued at $1,685,000 after purchasing an additional 1,474 shares during the last quarter. Nebula Research & Development LLC grew its stake in SandRidge Energy by 7.4% during the 4th quarter. Nebula Research & Development LLC now owns 33,366 shares of the oil and natural gas company’s stock valued at $391,000 after purchasing an additional 2,307 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in SandRidge Energy by 5.8% during the 4th quarter. Wells Fargo & Company MN now owns 44,158 shares of the oil and natural gas company’s stock valued at $517,000 after purchasing an additional 2,411 shares during the last quarter. 61.84% of the stock is owned by institutional investors and hedge funds.

SandRidge Energy Stock Performance

SandRidge Energy stock opened at $11.90 on Friday. The business’s 50-day simple moving average is $10.13 and its two-hundred day simple moving average is $11.01. The company has a market cap of $436.65 million, a PE ratio of 6.80 and a beta of 0.91. SandRidge Energy, Inc. has a fifty-two week low of $8.81 and a fifty-two week high of $14.04.

SandRidge Energy (NYSE:SD) last posted its quarterly earnings results 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 firm had revenue of $42.60 million for the quarter, compared to analysts’ expectations of $43.32 million. SandRidge Energy had a net margin of 47.17% and a return on equity of 9.05%.

SandRidge Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were paid a dividend of $0.11 per share. The ex-dividend date was Monday, May 19th. This represents a $0.44 annualized dividend and a yield of 3.70%. SandRidge Energy’s payout ratio is presently 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.