Nuveen LLC Purchases Shares of 256,706 SandRidge Energy, Inc. $SD

Nuveen LLC purchased a new stake in SandRidge Energy, Inc. (NYSE:SD) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 256,706 shares of the oil and natural gas company’s stock, valued at approximately $2,932,000. Nuveen LLC owned approximately 0.70% of SandRidge Energy as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. D. E. Shaw & Co. Inc. acquired a new stake in shares of SandRidge Energy in the fourth quarter valued at approximately $1,248,000. Millennium Management LLC raised its holdings in shares of SandRidge Energy by 90.7% in the fourth quarter. Millennium Management LLC now owns 171,442 shares of the oil and natural gas company’s stock valued at $2,008,000 after purchasing an additional 81,560 shares during the last quarter. Nuveen Asset Management LLC raised its holdings in shares of SandRidge Energy by 281.7% in the fourth quarter. Nuveen Asset Management LLC now owns 304,067 shares of the oil and natural gas company’s stock valued at $3,561,000 after purchasing an additional 224,410 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of SandRidge Energy by 1.9% in the first quarter. Rhumbline Advisers now owns 77,536 shares of the oil and natural gas company’s stock valued at $885,000 after purchasing an additional 1,421 shares during the last quarter. Finally, Azarias Capital Management L.P. acquired a new stake in shares of SandRidge Energy in the first quarter valued at approximately $816,000. Institutional investors own 61.84% of the company’s stock.

SandRidge Energy Stock Up 1.5%

NYSE SD opened at $11.87 on Friday. SandRidge Energy, Inc. has a 12-month low of $8.81 and a 12-month high of $13.52. The company has a market capitalization of $436.25 million, a PE ratio of 5.82 and a beta of 0.95. The firm’s 50 day moving average is $10.84 and its 200-day moving average is $10.72.

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

SandRidge Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 22nd will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 4.0%. This is an increase from SandRidge Energy’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Monday, September 22nd. SandRidge Energy’s payout ratio is currently 23.53%.

Insider Transactions at SandRidge Energy

In other news, Director Vincent J. Intrieri purchased 25,000 shares of the company’s stock in a transaction on Monday, August 18th. The shares were purchased at an average cost of $10.96 per share, with a total value of $274,000.00. Following the completion of the transaction, the director owned 46,976 shares of the company’s stock, valued at $514,856.96. The trade was a 113.76% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.50% of the company’s stock.

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.