Private Client Services LLC Buys 39,109 Shares of SandRidge Energy, Inc. (NYSE:SD)

Private Client Services LLC lifted its stake in shares of SandRidge Energy, Inc. (NYSE:SD) by 63.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 100,456 shares of the oil and natural gas company’s stock after purchasing an additional 39,109 shares during the quarter. Private Client Services LLC owned 0.27% of SandRidge Energy worth $1,176,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SD. Quarry LP purchased a new position in shares of SandRidge Energy during the 2nd quarter valued at $25,000. Copeland Capital Management LLC bought a new stake in SandRidge Energy during the third quarter valued at approximately $36,000. nVerses Capital LLC grew its stake in SandRidge Energy by 57.9% in the 3rd quarter. nVerses Capital LLC now owns 3,000 shares of the oil and natural gas company’s stock worth $37,000 after buying an additional 1,100 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in SandRidge Energy by 6.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,496 shares of the oil and natural gas company’s stock worth $162,000 after buying an additional 756 shares in the last quarter. Finally, Quantinno Capital Management LP bought a new position in shares of SandRidge Energy in the 3rd quarter worth $186,000. Hedge funds and other institutional investors own 61.84% of the company’s stock.

SandRidge Energy Trading Down 0.5 %

Shares of SD stock traded down $0.06 during trading hours on Wednesday, hitting $12.14. 67,289 shares of the company’s stock were exchanged, compared to its average volume of 271,391. SandRidge Energy, Inc. has a 12-month low of $10.31 and a 12-month high of $15.31. The company has a market capitalization of $451.78 million, a PE ratio of 9.48 and a beta of 2.10. The business’s 50 day simple moving average is $11.42 and its 200-day simple moving average is $12.18.

SandRidge Energy (NYSE:SD) last announced its quarterly earnings results on Wednesday, November 6th. The oil and natural gas company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.08). SandRidge Energy had a return on equity of 7.92% and a net margin of 39.25%. The firm had revenue of $30.06 million during the quarter.

SandRidge Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 3.62%. The ex-dividend date was Friday, November 15th. SandRidge Energy’s dividend payout ratio is currently 34.38%.

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.