SandRidge Energy, Inc. $SD Shares Bought by Azarias Capital Management L.P.

Key Points

• Azarias Capital Management L.P. dramatically increased its investment in SandRidge Energy, raising its holdings by 384.2% in the second quarter to own 346,070 shares worth approximately $3.74 million.
• The stock has seen recent interest from various institutional investors, with 61.84% of SandRidge Energy's shares being held by institutional investors and hedge funds.
• SandRidge Energy announced an increase in its quarterly dividend to $0.12 per share, reflecting a yield of 4.0%, up from the previous dividend of $0.11.

Azarias Capital Management L.P. raised its holdings in SandRidge Energy, Inc. (NYSE:SD - Free Report) by 384.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 346,070 shares of the oil and natural gas company's stock after acquiring an additional 274,594 shares during the quarter. SandRidge Energy accounts for about 1.7% of Azarias Capital Management L.P.'s holdings, making the stock its 22nd biggest position. Azarias Capital Management L.P. owned about 0.94% of SandRidge Energy worth $3,744,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SD. Nuveen LLC acquired a new stake in SandRidge Energy in the first quarter valued at $2,932,000. Royce & Associates LP lifted its holdings in SandRidge Energy by 8.6% in the first quarter. Royce & Associates LP now owns 1,188,526 shares of the oil and natural gas company's stock valued at $13,573,000 after acquiring an additional 93,740 shares during the period. American Century Companies Inc. lifted its holdings in SandRidge Energy by 8.0% in the first quarter. American Century Companies Inc. now owns 1,034,804 shares of the oil and natural gas company's stock valued at $11,817,000 after acquiring an additional 76,231 shares during the period. AlphaQuest LLC lifted its holdings in SandRidge Energy by 167.4% in the first quarter. AlphaQuest LLC now owns 74,655 shares of the oil and natural gas company's stock valued at $853,000 after acquiring an additional 46,734 shares during the period. Finally, Caxton Associates LLP acquired a new stake in SandRidge Energy in the first quarter valued at $390,000. Institutional investors and hedge funds own 61.84% of the company's stock.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a "hold (c-)" rating on shares of SandRidge Energy in a report on Saturday, September 27th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, SandRidge Energy has an average rating of "Hold".

Insider Buying and Selling

In related news, Director Vincent J. Intrieri acquired 25,000 shares of the company's stock in a transaction that occurred on Monday, August 18th. The stock was purchased at an average price of $10.96 per share, for a total transaction of $274,000.00. Following the transaction, the director owned 46,976 shares in the company, valued at $514,856.96. This trade represents a 113.76% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.50% of the company's stock.

SandRidge Energy Stock Up 5.2%

Shares of SD stock opened at $11.89 on Friday. SandRidge Energy, Inc. has a fifty-two week low of $8.81 and a fifty-two week high of $13.19. The stock has a market cap of $436.96 million, a P/E ratio of 5.83 and a beta of 0.90. The business has a fifty day simple moving average of $11.25 and a 200-day simple moving average of $10.69.

SandRidge Energy (NYSE:SD - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The oil and natural gas company reported $0.33 earnings per share for the quarter, beating 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 business had revenue of $34.53 million during the quarter, compared to analysts' expectations of $37.30 million.

SandRidge Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were given a dividend of $0.12 per share. The ex-dividend date was Monday, September 22nd. This represents a $0.48 dividend on an annualized basis and a yield of 4.0%. This is a boost from SandRidge Energy's previous quarterly dividend of $0.11. SandRidge Energy's dividend payout ratio (DPR) is 23.53%.

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.

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