Nuveen LLC Buys New Holdings in SandRidge Energy, Inc. $SD

Key Points

• Nuveen LLC has acquired a new stake in SandRidge Energy, purchasing 256,706 shares valued at approximately $2.93 million, which represents about 0.70% of the company.
• SandRidge Energy plans to increase its quarterly dividend to $0.12 per share, which reflects a 4.0% yield, up from the previous $0.11 dividend.
• The company's recent earnings report indicated an EPS of $0.33, exceeding analysts' expectations, although revenue was lower than anticipated at $34.53 million.

Nuveen LLC acquired a new stake in SandRidge Energy, Inc. (NYSE:SD - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 256,706 shares of the oil and natural gas company's stock, valued at approximately $2,932,000. Nuveen LLC owned about 0.70% of SandRidge Energy as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in SD. Quarry LP acquired a new stake in shares of SandRidge Energy in the 4th quarter valued at about $41,000. Point72 Asset Management L.P. acquired a new stake in shares of SandRidge Energy in the 4th quarter valued at about $86,000. NewEdge Advisors LLC boosted its position in shares of SandRidge Energy by 100.0% in the 4th quarter. NewEdge Advisors LLC now owns 9,000 shares of the oil and natural gas company's stock valued at $105,000 after purchasing an additional 4,500 shares during the period. GAMMA Investing LLC boosted its position in shares of SandRidge Energy by 4,607.7% in the 1st quarter. GAMMA Investing LLC now owns 10,404 shares of the oil and natural gas company's stock valued at $119,000 after purchasing an additional 10,183 shares during the period. Finally, Tower Research Capital LLC TRC boosted its position in shares of SandRidge Energy by 2,650.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 11,138 shares of the oil and natural gas company's stock valued at $130,000 after purchasing an additional 10,733 shares during the period. 61.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity at SandRidge Energy

In other SandRidge Energy news, Director Vincent J. Intrieri purchased 25,000 shares of SandRidge Energy stock in a transaction dated Monday, August 18th. The stock was acquired at an average cost of $10.96 per share, with a total value of $274,000.00. Following the acquisition, the director directly owned 46,976 shares of the company's stock, valued at $514,856.96. This represents a 113.76% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is owned by corporate insiders.

SandRidge Energy Trading Down 0.0%

Shares of NYSE SD traded down $0.01 during trading hours on Friday, reaching $11.87. The stock had a trading volume of 172,726 shares, compared to its average volume of 324,253. SandRidge Energy, Inc. has a fifty-two week low of $8.81 and a fifty-two week high of $13.52. The firm has a 50-day moving average of $10.84 and a 200-day moving average of $10.70. The firm has a market cap of $436.04 million, a price-to-earnings ratio of 5.82 and a beta of 0.95.

SandRidge Energy (NYSE:SD - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The oil and natural gas company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.04. SandRidge Energy had a return on equity of 10.05% and a net margin of 51.77%.The company had revenue of $34.53 million during the quarter, compared to analysts' expectations of $37.30 million.

SandRidge Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 22nd will be issued a $0.12 dividend. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $0.48 annualized dividend and a dividend yield of 4.0%. This is an increase from SandRidge Energy's previous quarterly dividend of $0.11. SandRidge Energy's payout ratio is 21.57%.

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.