Azarias Capital Management L.P. Buys New Stake in SandRidge Energy, Inc. (NYSE:SD)

Azarias Capital Management L.P. purchased a new position in shares of SandRidge Energy, Inc. (NYSE:SD - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 71,476 shares of the oil and natural gas company's stock, valued at approximately $816,000. SandRidge Energy comprises approximately 0.5% of Azarias Capital Management L.P.'s portfolio, making the stock its 23rd biggest holding. Azarias Capital Management L.P. owned approximately 0.19% of SandRidge Energy as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of SD. Royce & Associates LP boosted its position in shares of SandRidge Energy by 76.2% in the fourth quarter. Royce & Associates LP now owns 1,094,786 shares of the oil and natural gas company's stock worth $12,820,000 after purchasing an additional 473,542 shares during the period. American Century Companies Inc. boosted its holdings in SandRidge Energy by 9.6% in the 4th quarter. American Century Companies Inc. now owns 958,573 shares of the oil and natural gas company's stock worth $11,225,000 after buying an additional 84,263 shares during the period. Bank of New York Mellon Corp raised its holdings in SandRidge Energy by 19.1% during the fourth quarter. Bank of New York Mellon Corp now owns 580,529 shares of the oil and natural gas company's stock valued at $6,798,000 after acquiring an additional 92,950 shares during the period. First Trust Advisors LP raised its holdings in SandRidge Energy by 18.3% during the fourth quarter. First Trust Advisors LP now owns 384,664 shares of the oil and natural gas company's stock valued at $4,504,000 after acquiring an additional 59,618 shares during the period. Finally, Nuveen Asset Management LLC lifted its position in shares of SandRidge Energy by 281.7% in the fourth quarter. Nuveen Asset Management LLC now owns 304,067 shares of the oil and natural gas company's stock valued at $3,561,000 after acquiring an additional 224,410 shares in the last quarter. Hedge funds and other institutional investors own 61.84% of the company's stock.

SandRidge Energy Price Performance

Shares of NYSE SD traded down $0.18 during mid-day trading on Friday, reaching $11.90. The company's stock had a trading volume of 523,582 shares, compared to its average volume of 315,209. SandRidge Energy, Inc. has a 52 week low of $8.81 and a 52 week high of $14.04. The stock has a fifty day moving average of $10.13 and a two-hundred day moving average of $11.01. The firm has a market capitalization of $436.65 million, a PE ratio of 6.80 and a beta of 0.91.

SandRidge Energy (NYSE:SD - Get Free Report) last issued its earnings results on Wednesday, May 7th. The oil and natural gas company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.04). The business had revenue of $42.60 million for the quarter, compared to the consensus estimate of $43.32 million. SandRidge Energy had a net margin of 47.17% and a return on equity of 9.05%.

SandRidge Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $0.44 annualized dividend and a yield of 3.70%. SandRidge Energy's payout ratio is 25.14%.

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.