SandRidge Energy, Inc. (NYSE:SD) Shares Purchased by Royce & Associates LP

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 increased its position in shares of SandRidge Energy, Inc. (NYSE:SD - Free Report) by 8.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 about 3.24% of SandRidge Energy worth $13,573,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of SD. Raymond James Financial Inc. acquired a new position in SandRidge Energy during the 4th quarter worth about $1,876,000. Commonwealth Equity Services LLC acquired a new position in SandRidge Energy during the 4th quarter worth about $148,000. Teacher Retirement System of Texas lifted its stake in SandRidge Energy by 1.0% during the 4th quarter. Teacher Retirement System of Texas now owns 143,881 shares of the oil and natural gas company's stock worth $1,685,000 after acquiring an additional 1,474 shares in the last quarter. American Century Companies Inc. lifted its stake in SandRidge Energy by 9.6% during the 4th quarter. American Century Companies Inc. now owns 958,573 shares of the oil and natural gas company's stock worth $11,225,000 after acquiring an additional 84,263 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in SandRidge Energy in the 4th quarter valued at about $425,000. Institutional investors and hedge funds own 61.84% of the company's stock.

SandRidge Energy Stock Performance

SD stock traded up $0.18 during mid-day trading on Monday, reaching $10.50. The company had a trading volume of 38,920 shares, compared to its average volume of 316,530. The company has a market capitalization of $385.25 million, a price-to-earnings ratio of 6.00 and a beta of 0.93. The firm has a fifty day simple moving average of $10.69 and a 200 day simple moving average of $10.91. SandRidge Energy, Inc. has a fifty-two week low of $8.81 and a fifty-two week high of $13.93.

SandRidge Energy (NYSE:SD - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The oil and natural gas company reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.04). The company had revenue of $42.60 million during the quarter, compared to analyst estimates of $43.32 million. SandRidge Energy had a net margin of 47.17% and a return on equity of 9.05%.

SandRidge Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were issued a $0.11 dividend. The ex-dividend date was Monday, May 19th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.19%. SandRidge Energy's payout ratio is currently 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.