Royce & Associates LP Increases Holdings in SandRidge Energy, Inc. (NYSE:SD)

Key Points

• Royce & Associates LP increased its stake in SandRidge Energy by 8.6%, owning over 1.18 million shares valued at approximately $13.57 million.
• SandRidge Energy has reported a missed earnings estimate for the most recent quarter, with EPS of $0.39 compared to the consensus estimate of $0.43.
• The company recently declared a quarterly dividend of $0.11, translating to an annual yield of 4.27% and a payout ratio of 25.14%.

Royce & Associates LP boosted its stake in shares of SandRidge Energy, Inc. (NYSE:SD - Free Report) by 8.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,188,526 shares of the oil and natural gas company's stock after acquiring an additional 93,740 shares during the period. Royce & Associates LP owned 3.24% of SandRidge Energy worth $13,573,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of SD. Dynamic Technology Lab Private Ltd increased its holdings in shares of 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 during the period. Northern Trust Corp lifted its stake in SandRidge Energy by 0.4% in the 4th 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 grew its holdings in SandRidge Energy by 1.9% during the 1st quarter. Rhumbline Advisers now owns 77,536 shares of the oil and natural gas company's stock valued at $885,000 after purchasing an additional 1,421 shares during the last quarter. Teacher Retirement System of Texas lifted its position in SandRidge Energy by 1.0% during the fourth quarter. Teacher Retirement System of Texas now owns 143,881 shares of the oil and natural gas company's stock valued at $1,685,000 after acquiring an additional 1,474 shares during the last quarter. Finally, Nebula Research & Development LLC grew its position in SandRidge Energy by 7.4% during the fourth quarter. Nebula Research & Development LLC now owns 33,366 shares of the oil and natural gas company's stock valued at $391,000 after buying an additional 2,307 shares during the period. Institutional investors and hedge funds own 61.84% of the company's stock.

SandRidge Energy Stock Down 1.9%

SandRidge Energy stock traded down $0.20 during trading on Friday, reaching $10.31. The stock had a trading volume of 177,599 shares, compared to its average volume of 296,067. The stock has a market cap of $378.35 million, a PE ratio of 5.89 and a beta of 0.93. SandRidge Energy, Inc. has a 52-week low of $8.81 and a 52-week high of $13.93. The business has a 50 day moving average price of $10.69 and a 200 day moving average price of $10.92.

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 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. Investors of record on Monday, May 19th were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.27%. 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.