Man Group plc Has $2.27 Million Stock Holdings in SandRidge Energy, Inc. (NYSE:SD)

Man Group plc raised its stake in shares of SandRidge Energy, Inc. (NYSE:SD - Free Report) by 88.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 193,711 shares of the oil and natural gas company's stock after buying 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 quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in SD. JPMorgan Chase & Co. boosted its holdings in SandRidge Energy by 8.6% during the third quarter. JPMorgan Chase & Co. now owns 61,420 shares of the oil and natural gas company's stock valued at $751,000 after acquiring an additional 4,868 shares during the period. SG Americas Securities LLC boosted its stake in SandRidge Energy by 3.0% during the 4th quarter. SG Americas Securities LLC now owns 59,526 shares of the oil and natural gas company's stock valued at $697,000 after purchasing an additional 1,738 shares during the period. Exchange Traded Concepts LLC boosted its stake in SandRidge Energy by 10.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 27,570 shares of the oil and natural gas company's stock valued at $323,000 after purchasing an additional 2,634 shares during the period. Klein Pavlis & Peasley Financial Inc. grew its holdings in SandRidge Energy by 8.9% in the 4th quarter. Klein Pavlis & Peasley Financial Inc. now owns 97,112 shares of the oil and natural gas company's stock valued at $1,137,000 after buying an additional 7,947 shares during the last quarter. Finally, Empowered Funds LLC increased its position in SandRidge Energy by 5.1% in the 4th quarter. Empowered Funds LLC now owns 136,679 shares of the oil and natural gas company's stock worth $1,601,000 after buying an additional 6,664 shares during the period. Institutional investors and hedge funds own 61.84% of the company's stock.

SandRidge Energy Price Performance

Shares of SandRidge Energy stock traded down $0.01 during midday trading on Wednesday, hitting $9.90. The company had a trading volume of 29,645 shares, compared to its average volume of 301,156. SandRidge Energy, Inc. has a 1-year low of $8.81 and a 1-year high of $14.04. The business's 50 day simple moving average is $9.96 and its two-hundred day simple moving average is $11.10. The stock has a market cap of $363.02 million, a PE ratio of 7.74 and a beta of 0.84.

SandRidge Energy (NYSE:SD - Get Free Report) last released its quarterly earnings data 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). SandRidge Energy had a return on equity of 7.92% and a net margin of 39.25%. The business had revenue of $42.60 million for the quarter, compared to the consensus estimate of $43.32 million.

SandRidge Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be issued a dividend of $0.11 per share. The ex-dividend date is Monday, May 19th. This represents a $0.44 dividend on an annualized basis and a yield of 4.45%. SandRidge Energy's dividend payout ratio is 25.14%.

SandRidge Energy Company 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.