Connor Clark & Lunn Investment Management Ltd. Acquires Shares of 13,503 SandRidge Energy, Inc. $SD

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of SandRidge Energy, Inc. (NYSE:SD) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 13,503 shares of the oil and natural gas company’s stock, valued at approximately $154,000.

Other institutional investors have also modified their holdings of the company. Quarry LP purchased a new position in shares of SandRidge Energy during the 4th quarter valued at about $41,000. Point72 Asset Management L.P. acquired a new stake in SandRidge Energy in the fourth quarter valued at approximately $86,000. NewEdge Advisors LLC grew its holdings in SandRidge Energy by 100.0% in the fourth quarter. NewEdge Advisors LLC now owns 9,000 shares of the oil and natural gas company’s stock valued at $105,000 after purchasing an additional 4,500 shares during the period. GAMMA Investing LLC grew its holdings in SandRidge Energy by 4,607.7% in the first quarter. GAMMA Investing LLC now owns 10,404 shares of the oil and natural gas company’s stock valued at $119,000 after purchasing an additional 10,183 shares during the period. Finally, Tower Research Capital LLC TRC grew its holdings in SandRidge Energy by 2,650.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 11,138 shares of the oil and natural gas company’s stock valued at $130,000 after purchasing an additional 10,733 shares during the period. Hedge funds and other institutional investors own 61.84% of the company’s stock.

Insider Buying and Selling

In other news, Director Vincent J. Intrieri acquired 25,000 shares of the business’s stock in a transaction on Monday, August 18th. The stock was bought at an average cost of $10.96 per share, for a total transaction of $274,000.00. Following the purchase, the director owned 46,976 shares in the company, valued at approximately $514,856.96. This represents a 113.76% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.50% of the company’s stock.

SandRidge Energy Trading Up 4.2%

Shares of SD opened at $11.0660 on Thursday. SandRidge Energy, Inc. has a 12 month low of $8.81 and a 12 month high of $13.72. The stock’s 50 day moving average is $10.86 and its two-hundred day moving average is $10.73. The firm has a market cap of $406.68 million, a P/E ratio of 5.42 and a beta of 0.95.

SandRidge Energy (NYSE:SD) last issued its quarterly earnings data on Wednesday, August 6th. The oil and natural gas company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.29 by $0.04. SandRidge Energy had a return on equity of 10.05% and a net margin of 51.77%.The company had revenue of $34.53 million for the quarter, compared to analyst estimates of $37.30 million.

SandRidge Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 22nd will be paid a dividend of $0.12 per share. This is an increase from SandRidge Energy’s previous quarterly dividend of $0.11. The ex-dividend date is Monday, September 22nd. This represents a $0.48 annualized dividend and a yield of 4.3%. SandRidge Energy’s dividend payout ratio (DPR) is presently 21.57%.

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.