Creative Planning Buys 185,334 Shares of SandRidge Energy, Inc. $SD

Creative Planning increased its stake in shares of SandRidge Energy, Inc. (NYSE:SD) by 347.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 238,639 shares of the oil and natural gas company’s stock after acquiring an additional 185,334 shares during the period. Creative Planning owned about 0.65% of SandRidge Energy worth $2,582,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. First Wilshire Securities Management Inc. raised its stake in shares of SandRidge Energy by 0.5% during the 1st quarter. First Wilshire Securities Management Inc. now owns 1,154,622 shares of the oil and natural gas company’s stock worth $13,186,000 after purchasing an additional 6,092 shares in the last quarter. American Century Companies Inc. increased its holdings in SandRidge Energy by 8.0% during the first quarter. American Century Companies Inc. now owns 1,034,804 shares of the oil and natural gas company’s stock worth $11,817,000 after buying an additional 76,231 shares during the last quarter. Geode Capital Management LLC raised its position in SandRidge Energy by 8.1% during the second quarter. Geode Capital Management LLC now owns 823,191 shares of the oil and natural gas company’s stock worth $8,909,000 after acquiring an additional 61,586 shares in the last quarter. Azarias Capital Management L.P. lifted its stake in SandRidge Energy by 384.2% in the second quarter. Azarias Capital Management L.P. now owns 346,070 shares of the oil and natural gas company’s stock valued at $3,744,000 after acquiring an additional 274,594 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of SandRidge Energy by 0.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 259,948 shares of the oil and natural gas company’s stock valued at $2,969,000 after acquiring an additional 1,143 shares during the period. 61.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on SD shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of SandRidge Energy in a report on Monday, November 17th. Wall Street Zen cut SandRidge Energy from a “buy” rating to a “hold” rating in a research report on Sunday, November 16th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, SandRidge Energy currently has an average rating of “Hold”.

SandRidge Energy Price Performance

SD opened at $14.22 on Tuesday. The business has a fifty day simple moving average of $12.21 and a 200 day simple moving average of $11.33. SandRidge Energy, Inc. has a 1 year low of $8.81 and a 1 year high of $14.62. The company has a market capitalization of $522.74 million, a PE ratio of 6.97 and a beta of 0.91.

SandRidge Energy (NYSE:SD) last posted its earnings results on Wednesday, November 5th. The oil and natural gas company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.10. The company had revenue of $39.82 million during the quarter, compared to the consensus estimate of $38.80 million. SandRidge Energy had a return on equity of 10.05% and a net margin of 51.77%.

SandRidge Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be paid a $0.12 dividend. The ex-dividend date is Friday, November 14th. This represents a $0.48 annualized dividend and a yield of 3.4%. SandRidge Energy’s payout ratio is 26.97%.

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.