First Trust Advisors LP Has $4.50 Million Stock Position in SandRidge Energy, Inc. (NYSE:SD)

First Trust Advisors LP raised its holdings in SandRidge Energy, Inc. (NYSE:SD - Free Report) by 18.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 384,664 shares of the oil and natural gas company's stock after purchasing an additional 59,618 shares during the period. First Trust Advisors LP owned about 1.03% of SandRidge Energy worth $4,504,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in SD. NewEdge Advisors LLC raised its holdings in shares of SandRidge Energy by 100.0% during the fourth quarter. NewEdge Advisors LLC now owns 9,000 shares of the oil and natural gas company's stock valued at $105,000 after buying an additional 4,500 shares during the last quarter. XTX Topco Ltd bought a new stake in SandRidge Energy during the 4th quarter valued at $343,000. Mariner LLC acquired a new position in SandRidge Energy during the 4th quarter worth $201,000. Barclays PLC grew its stake in shares of SandRidge Energy by 11.0% in the fourth quarter. Barclays PLC now owns 96,276 shares of the oil and natural gas company's stock worth $1,129,000 after purchasing an additional 9,524 shares in the last quarter. Finally, Inlight Wealth Management LLC acquired a new stake in SandRidge Energy in the fourth quarter worth about $550,000. Institutional investors own 61.84% of the company's stock.

SandRidge Energy Price Performance

Shares of SandRidge Energy stock traded up $0.12 on Tuesday, hitting $9.27. The company had a trading volume of 123,518 shares, compared to its average volume of 303,024. SandRidge Energy, Inc. has a 52 week low of $8.81 and a 52 week high of $14.24. The company has a market cap of $339.91 million, a PE ratio of 7.23 and a beta of 0.84. The business has a 50-day simple moving average of $10.41 and a 200-day simple moving average of $11.25.

SandRidge Energy (NYSE:SD - Get Free Report) last released its earnings results on Monday, March 10th. The oil and natural gas company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.14). The business had revenue of $38.97 million for the quarter, compared to analyst estimates of $50.27 million. SandRidge Energy had a net margin of 39.25% and a return on equity of 7.92%.

SandRidge Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 4.75%. The ex-dividend date of this dividend was Thursday, March 20th. SandRidge Energy's payout ratio is 25.88%.

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.