Inlight Wealth Management LLC Sells 36,985 Shares of SandRidge Energy, Inc. (NYSE:SD)

Inlight Wealth Management LLC lessened its stake in 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 SEC. The firm 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 have also made changes to their positions in the company. Dynamic Technology Lab Private Ltd raised its position in SandRidge Energy by 3.7% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 24,397 shares of the oil and natural gas company's stock worth $286,000 after purchasing an additional 870 shares in the last quarter. Northern Trust Corp raised its position in 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 purchasing an additional 1,294 shares in the last quarter. Rhumbline Advisers raised its position in SandRidge Energy by 1.9% in the first quarter. Rhumbline Advisers now owns 77,536 shares of the oil and natural gas company's stock worth $885,000 after purchasing an additional 1,421 shares in the last quarter. Teacher Retirement System of Texas raised its position in SandRidge Energy by 1.0% in the fourth 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 purchasing an additional 1,474 shares in the last quarter. Finally, Nebula Research & Development LLC raised its position in SandRidge Energy by 7.4% in the fourth quarter. Nebula Research & Development LLC now owns 33,366 shares of the oil and natural gas company's stock worth $391,000 after purchasing an additional 2,307 shares in the last quarter. Institutional investors own 61.84% of the company's stock.

SandRidge Energy Stock Down 1.5%

NYSE:SD opened at $11.90 on Friday. SandRidge Energy, Inc. has a 12-month low of $8.81 and a 12-month high of $14.04. The firm has a market capitalization of $436.65 million, a PE ratio of 6.80 and a beta of 0.91. The firm has a 50-day moving average price of $10.13 and a 200 day moving average price of $11.01.

SandRidge Energy (NYSE:SD - Get Free Report) last posted its quarterly 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). SandRidge Energy had a return on equity of 9.05% and a net margin of 47.17%. The business had revenue of $42.60 million during the quarter, compared to analyst estimates of $43.32 million.

SandRidge Energy Announces Dividend

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

SandRidge Energy 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.

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