Inlight Wealth Management LLC Decreases Stake in SandRidge Energy, Inc. (NYSE:SD)

Inlight Wealth Management LLC lowered its position in shares of SandRidge Energy, Inc. (NYSE:SD - Free Report) by 78.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,012 shares of the oil and natural gas company's stock after selling 36,985 shares during the period. Inlight Wealth Management LLC's holdings in SandRidge Energy were worth $114,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dynamic Technology Lab Private Ltd grew its holdings in SandRidge Energy by 3.7% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 24,397 shares of the oil and natural gas company's stock worth $286,000 after acquiring an additional 870 shares during the last quarter. Northern Trust Corp grew its stake in shares of SandRidge Energy by 0.4% in the fourth quarter. Northern Trust Corp now owns 296,302 shares of the oil and natural gas company's stock worth $3,470,000 after acquiring an additional 1,294 shares during the last quarter. Rhumbline Advisers increased its stake in SandRidge Energy by 1.9% during the 1st quarter. Rhumbline Advisers now owns 77,536 shares of the oil and natural gas company's stock valued at $885,000 after purchasing an additional 1,421 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in SandRidge Energy by 1.0% in the 4th quarter. Teacher Retirement System of Texas now owns 143,881 shares of the oil and natural gas company's stock worth $1,685,000 after acquiring an additional 1,474 shares during the last quarter. Finally, Nebula Research & Development LLC lifted its holdings in shares of SandRidge Energy by 7.4% during the fourth quarter. Nebula Research & Development LLC now owns 33,366 shares of the oil and natural gas company's stock valued at $391,000 after purchasing an additional 2,307 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 SD traded down $0.24 during trading hours on Wednesday, hitting $11.03. The stock had a trading volume of 254,023 shares, compared to its average volume of 311,888. SandRidge Energy, Inc. has a 12 month low of $8.81 and a 12 month high of $14.04. The stock has a fifty day moving average price of $10.22 and a 200 day moving average price of $11.01. The firm has a market capitalization of $404.62 million, a PE ratio of 6.30 and a beta of 0.91.

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

SandRidge Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders 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 dividend yield of 3.99%. SandRidge Energy's dividend payout ratio is currently 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.