Teacher Retirement System of Texas Sells 75,082 Shares of SandRidge Energy, Inc. (NYSE:SD)

Teacher Retirement System of Texas lessened its stake in shares of SandRidge Energy, Inc. (NYSE:SD) by 52.2% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 68,799 shares of the oil and natural gas company’s stock after selling 75,082 shares during the period. Teacher Retirement System of Texas owned about 0.19% of SandRidge Energy worth $786,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Bank of New York Mellon Corp grew its stake in SandRidge Energy by 19.1% during the 4th 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 last quarter. Raymond James Financial Inc. purchased a new stake in SandRidge Energy in the fourth quarter valued at approximately $1,876,000. Commonwealth Equity Services LLC acquired a new position in SandRidge Energy in the 4th quarter worth approximately $148,000. Royce & Associates LP increased 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 buying an additional 473,542 shares during the period. Finally, Koss Olinger Consulting LLC increased its holdings in SandRidge Energy by 21.6% in the 4th quarter. Koss Olinger Consulting LLC now owns 43,838 shares of the oil and natural gas company’s stock worth $513,000 after buying an additional 7,793 shares during the period. Institutional investors own 61.84% of the company’s stock.

SandRidge Energy Price Performance

Shares of NYSE SD opened at $10.79 on Tuesday. The stock has a market capitalization of $395.70 million, a price-to-earnings ratio of 6.16 and a beta of 0.93. SandRidge Energy, Inc. has a 12 month low of $8.81 and a 12 month high of $14.04. The firm’s 50 day simple moving average is $10.62 and its 200-day simple moving average is $11.02.

SandRidge Energy (NYSE:SD) last announced its quarterly earnings data on Wednesday, May 7th. The oil and natural gas company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). SandRidge Energy had a net margin of 47.17% and a return on equity of 9.05%. The firm had revenue of $42.60 million during the quarter, compared to analysts’ expectations of $43.32 million.

SandRidge Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were paid a $0.11 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $0.44 dividend on an annualized basis and a yield of 4.08%. SandRidge Energy’s dividend payout ratio is currently 25.14%.

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.