Soviero Asset Management LP Decreases Stock Holdings in SandRidge Energy, Inc. (NYSE:SD)

Soviero Asset Management LP lowered its holdings in shares of SandRidge Energy, Inc. (NYSE:SD - Free Report) by 21.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 288,657 shares of the oil and natural gas company's stock after selling 78,825 shares during the period. SandRidge Energy makes up about 2.1% of Soviero Asset Management LP's holdings, making the stock its 20th biggest position. Soviero Asset Management LP owned 0.78% of SandRidge Energy worth $3,380,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Royce & Associates LP boosted its holdings in SandRidge Energy by 76.2% in the fourth quarter. Royce & Associates LP now owns 1,094,786 shares of the oil and natural gas company's stock worth $12,820,000 after acquiring an additional 473,542 shares in the last quarter. Nuveen Asset Management LLC boosted its holdings in SandRidge Energy by 281.7% in the fourth quarter. Nuveen Asset Management LLC now owns 304,067 shares of the oil and natural gas company's stock worth $3,561,000 after acquiring an additional 224,410 shares in the last quarter. Raymond James Financial Inc. bought a new position in SandRidge Energy in the fourth quarter worth approximately $1,876,000. D. E. Shaw & Co. Inc. bought a new position in SandRidge Energy in the fourth quarter worth approximately $1,248,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in SandRidge Energy by 305.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 129,361 shares of the oil and natural gas company's stock worth $1,515,000 after acquiring an additional 97,481 shares in the last quarter. Institutional investors and hedge funds own 61.84% of the company's stock.

SandRidge Energy Price Performance

Shares of SD stock traded down $0.09 during trading hours on Friday, reaching $9.64. The company had a trading volume of 247,362 shares, compared to its average volume of 301,799. SandRidge Energy, Inc. has a 12 month low of $8.81 and a 12 month high of $14.04. The business has a fifty day simple moving average of $10.04 and a 200-day simple moving average of $11.14. The company has a market cap of $353.48 million, a price-to-earnings ratio of 7.53 and a beta of 0.84.

SandRidge Energy (NYSE:SD - Get Free Report) last posted its earnings results on Wednesday, May 7th. The oil and natural gas company reported $0.39 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.04). SandRidge Energy had a net margin of 39.25% and a return on equity of 7.92%. The company had revenue of $42.60 million during the quarter, compared to the consensus estimate of $43.32 million.

SandRidge Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.57%. SandRidge Energy's dividend payout ratio is presently 25.14%.

SandRidge Energy 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.