Azarias Capital Management L.P. lessened its position in SandRidge Energy, Inc. (NYSE:SD - Free Report) by 14.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 410,574 shares of the oil and natural gas company's stock after selling 71,130 shares during the quarter. SandRidge Energy comprises 2.6% of Azarias Capital Management L.P.'s holdings, making the stock its 14th largest position. Azarias Capital Management L.P. owned 1.12% of SandRidge Energy worth $5,925,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in SD. Empowered Funds LLC lifted its position in shares of SandRidge Energy by 1.8% in the first quarter. Empowered Funds LLC now owns 139,197 shares of the oil and natural gas company's stock valued at $1,590,000 after acquiring an additional 2,518 shares in the last quarter. Franklin Resources Inc. lifted its position in SandRidge Energy by 18.9% during the second quarter. Franklin Resources Inc. now owns 21,355 shares of the oil and natural gas company's stock worth $231,000 after buying an additional 3,396 shares in the last quarter. Quantbot Technologies LP lifted its position in SandRidge Energy by 15.8% during the second quarter. Quantbot Technologies LP now owns 21,769 shares of the oil and natural gas company's stock worth $236,000 after buying an additional 2,977 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in SandRidge Energy by 69.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 268,517 shares of the oil and natural gas company's stock worth $2,905,000 after buying an additional 110,322 shares in the last quarter. Finally, Invesco Ltd. lifted its position in SandRidge Energy by 1.5% during the second quarter. Invesco Ltd. now owns 59,816 shares of the oil and natural gas company's stock worth $647,000 after buying an additional 907 shares in the last quarter. Hedge funds and other institutional investors own 61.84% of the company's stock.
Analyst Ratings Changes
A number of brokerages recently commented on SD. Freedom Capital downgraded SandRidge Energy from a "strong-buy" rating to a "strong sell" rating in a research report on Tuesday, March 10th. Wall Street Zen cut SandRidge Energy from a "buy" rating to a "hold" rating in a research note on Saturday, March 7th. Finally, Weiss Ratings raised SandRidge Energy from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, March 6th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold".
Check Out Our Latest Research Report on SD
SandRidge Energy Stock Performance
Shares of SD opened at $15.46 on Friday. The stock has a 50-day simple moving average of $16.68 and a 200-day simple moving average of $14.59. The stock has a market capitalization of $569.35 million, a PE ratio of 8.14 and a beta of 0.66. SandRidge Energy, Inc. has a 1 year low of $9.07 and a 1 year high of $18.45.
SandRidge Energy (NYSE:SD - Get Free Report) last announced its quarterly earnings data on Wednesday, March 4th. The oil and natural gas company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.03). The company had revenue of $39.40 million during the quarter, compared to analysts' expectations of $43.70 million. SandRidge Energy had a net margin of 44.90% and a return on equity of 11.24%.
SandRidge Energy Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 20th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Friday, March 20th. SandRidge Energy's payout ratio is 25.26%.
SandRidge Energy Profile
(
Free Report)
SandRidge Energy, Inc NYSE: SD is an independent exploration and production company focused on the development of onshore oil and natural gas resources in the United States. The company concentrates its operations primarily in the Anadarko Basin, applying horizontal drilling and multi-stage hydraulic fracturing techniques to exploit unconventional reservoirs. SandRidge's asset portfolio includes both crude oil and natural gas liquids, complemented by associated gas production, with infrastructure investments designed to optimize midstream availability and enhance capital efficiency.
Founded in 2006 by industry veteran Tom L.
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