Man Group plc Raises Position in SandRidge Energy, Inc. (NYSE:SD)

Man Group plc raised its position in SandRidge Energy, Inc. (NYSE:SD - Free Report) by 88.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 193,711 shares of the oil and natural gas company's stock after purchasing an additional 91,183 shares during the period. Man Group plc owned 0.52% of SandRidge Energy worth $2,268,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Quarry LP bought a new stake in shares of SandRidge Energy during the 4th quarter worth $41,000. NewEdge Advisors LLC lifted its holdings in shares of SandRidge Energy by 100.0% during the 4th quarter. NewEdge Advisors LLC now owns 9,000 shares of the oil and natural gas company's stock worth $105,000 after acquiring an additional 4,500 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings 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 worth $130,000 after acquiring an additional 10,733 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in shares of SandRidge Energy during the 4th quarter worth $132,000. Finally, Commonwealth Equity Services LLC bought a new stake in shares of SandRidge Energy during the 4th quarter worth $148,000. 61.84% of the stock is owned by institutional investors.

SandRidge Energy Stock Performance

NYSE:SD traded up $0.28 during trading hours on Tuesday, reaching $9.92. The company's stock had a trading volume of 158,647 shares, compared to its average volume of 301,793. The firm has a market capitalization of $363.75 million, a price-to-earnings ratio of 7.74 and a beta of 0.84. The firm has a 50-day simple moving average of $10.00 and a 200-day simple moving average of $11.11. SandRidge Energy, Inc. has a 1 year low of $8.81 and a 1 year high of $14.04.

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 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.04). The business had revenue of $42.60 million during the quarter, compared to analysts' expectations of $43.32 million. SandRidge Energy had a return on equity of 7.92% and a net margin of 39.25%.

SandRidge Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date is Monday, May 19th. SandRidge Energy's payout ratio is presently 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.