Teacher Retirement System of Texas Has $786,000 Position in SandRidge Energy, Inc. (NYSE:SD)

Teacher Retirement System of Texas reduced its position in SandRidge Energy, Inc. (NYSE:SD - Free Report) by 52.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 68,799 shares of the oil and natural gas company's stock after selling 75,082 shares during the period. Teacher Retirement System of Texas owned approximately 0.19% of SandRidge Energy worth $786,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd raised its stake in SandRidge Energy by 3.7% during 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 acquiring an additional 870 shares during the period. Northern Trust Corp boosted its holdings in SandRidge Energy by 0.4% during the fourth quarter. Northern Trust Corp now owns 296,302 shares of the oil and natural gas company's stock worth $3,470,000 after buying an additional 1,294 shares in the last quarter. Rhumbline Advisers boosted its holdings in SandRidge Energy by 1.9% during the first quarter. Rhumbline Advisers now owns 77,536 shares of the oil and natural gas company's stock worth $885,000 after buying an additional 1,421 shares in the last quarter. Nebula Research & Development LLC boosted its holdings 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 worth $391,000 after buying an additional 2,307 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in SandRidge Energy by 5.8% in the 4th quarter. Wells Fargo & Company MN now owns 44,158 shares of the oil and natural gas company's stock worth $517,000 after buying an additional 2,411 shares in the last quarter. 61.84% of the stock is owned by hedge funds and other institutional investors.

SandRidge Energy Trading Down 0.4%

SD traded down $0.04 during trading on Friday, hitting $10.24. The stock had a trading volume of 153,797 shares, compared to its average volume of 318,611. The company has a 50 day simple moving average of $10.70 and a 200-day simple moving average of $11.00. SandRidge Energy, Inc. has a 12 month low of $8.81 and a 12 month high of $13.93. The firm has a market cap of $375.71 million, a PE ratio of 5.85 and a beta of 0.93.

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

SandRidge Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors 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 annualized dividend and a yield of 4.30%. SandRidge Energy's dividend 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.