SandRidge Energy, Inc. (NYSE:SD) Stock Position Boosted by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of SandRidge Energy, Inc. (NYSE:SD) by 114.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,113 shares of the oil and natural gas company’s stock after buying an additional 4,325 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in SandRidge Energy were worth $111,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in SD. Copeland Capital Management LLC bought a new stake in SandRidge Energy in the fourth quarter worth about $27,000. ORG Partners LLC acquired a new stake in SandRidge Energy during the third quarter valued at approximately $50,000. Quantbot Technologies LP bought a new stake in SandRidge Energy during the third quarter worth approximately $103,000. SG Americas Securities LLC acquired a new position in SandRidge Energy in the third quarter worth approximately $193,000. Finally, WINTON GROUP Ltd bought a new position in shares of SandRidge Energy in the third quarter valued at $228,000. 61.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, TheStreet cut SandRidge Energy from a “b” rating to a “c+” rating in a report on Wednesday, March 6th.

SandRidge Energy Price Performance

SandRidge Energy stock opened at $13.58 on Friday. SandRidge Energy, Inc. has a fifty-two week low of $11.51 and a fifty-two week high of $17.80. The firm’s 50 day simple moving average is $14.17 and its 200-day simple moving average is $14.03. The company has a market cap of $504.09 million, a P/E ratio of 8.28 and a beta of 2.16.

SandRidge Energy (NYSE:SD) last announced its earnings results on Wednesday, March 6th. The oil and natural gas company reported $0.35 earnings per share (EPS) for the quarter. The company had revenue of $33.93 million for the quarter. SandRidge Energy had a net margin of 40.94% and a return on equity of 14.50%.

SandRidge Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.24%. SandRidge Energy’s dividend payout ratio is 26.83%.

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.