American Century Companies Inc. Grows Stock Holdings in SandRidge Energy, Inc. $SD

Key Points

• American Century Companies Inc. has increased its stake in SandRidge Energy, Inc. by 8.0%, holding 1,034,804 shares worth approximately $11.82 million.
• SandRidge Energy recently reported quarterly earnings with a net margin of 51.77%, surpassing analysts' expectations by reporting $0.33 earnings per share.
• The company declared a quarterly dividend of $0.12 per share, an increase from the previous $0.11, with a total annualized dividend yield of 4.1%.

American Century Companies Inc. lifted its position in SandRidge Energy, Inc. (NYSE:SD - Free Report) by 8.0% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,034,804 shares of the oil and natural gas company's stock after purchasing an additional 76,231 shares during the period. American Century Companies Inc. owned about 2.82% of SandRidge Energy worth $11,817,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Quarry LP bought a new position in SandRidge Energy in the fourth quarter worth $41,000. Point72 Asset Management L.P. bought a new position in shares of SandRidge Energy during the fourth quarter valued at $86,000. NewEdge Advisors LLC lifted its holdings in shares of SandRidge Energy by 100.0% during 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 in the last quarter. GAMMA Investing LLC increased its position in SandRidge Energy by 4,607.7% during 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 acquiring an additional 10,183 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of SandRidge Energy by 2,650.1% during the 4th 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 last quarter. Hedge funds and other institutional investors own 61.84% of the company's stock.

Insider Transactions at SandRidge Energy

In related news, Director Vincent J. Intrieri bought 25,000 shares of SandRidge Energy stock in a transaction dated Monday, August 18th. The shares were acquired 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 in the company, valued at $514,856.96. The trade was a 113.76% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.50% of the stock is currently owned by insiders.

SandRidge Energy Stock Up 1.5%

NYSE:SD traded up $0.18 during mid-day trading on Thursday, hitting $11.87. 234,403 shares of the company traded hands, compared to its average volume of 326,895. The stock's fifty day moving average price is $10.84 and its 200-day moving average price is $10.72. SandRidge Energy, Inc. has a one year low of $8.81 and a one year high of $13.52. The firm has a market cap of $436.22 million, a price-to-earnings ratio of 5.82 and a beta of 0.95.

SandRidge Energy (NYSE:SD - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The oil and natural gas company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.04. SandRidge Energy had a return on equity of 10.05% and a net margin of 51.77%.The firm had revenue of $34.53 million during 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 $0.12 dividend. The ex-dividend date of this dividend is Monday, September 22nd. This is an increase from SandRidge Energy's previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a yield of 4.0%. SandRidge Energy's payout ratio is 21.57%.

About SandRidge Energy

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.