Nuveen Asset Management LLC increased its position in shares of SandRidge Energy, Inc. (NYSE:SD - Free Report) by 281.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 304,067 shares of the oil and natural gas company's stock after buying an additional 224,410 shares during the period. Nuveen Asset Management LLC owned 0.82% of SandRidge Energy worth $3,561,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Quarry LP acquired a new position in shares of SandRidge Energy in the fourth quarter valued at about $41,000. NewEdge Advisors LLC lifted its holdings in shares of SandRidge Energy by 100.0% in the fourth 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% in the fourth 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 position in SandRidge Energy in the 4th quarter valued at approximately $132,000. Finally, Commonwealth Equity Services LLC bought a new position in SandRidge Energy in the 4th quarter valued at approximately $148,000. 61.84% of the stock is currently owned by institutional investors and hedge funds.
SandRidge Energy Price Performance
NYSE SD traded down $0.00 during trading hours on Thursday, reaching $10.38. The company's stock had a trading volume of 323,061 shares, compared to its average volume of 305,847. SandRidge Energy, Inc. has a 52 week low of $8.81 and a 52 week high of $14.04. The firm has a fifty day simple moving average of $9.79 and a 200-day simple moving average of $11.03. The stock has a market cap of $380.66 million, a P/E ratio of 8.11 and a beta of 0.91.
SandRidge Energy (NYSE:SD - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The oil and natural gas company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.04). The company had revenue of $42.60 million for the quarter, compared to analyst estimates 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 declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 4.24%. The ex-dividend date was Monday, May 19th. SandRidge Energy's payout ratio is currently 25.14%.
About SandRidge Energy
(
Free Report)
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.
See Also
Before you consider SandRidge Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SandRidge Energy wasn't on the list.
While SandRidge Energy currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
