JPMorgan Chase & Co. Has $1.77 Million Position in SandRidge Energy, Inc. (NYSE:SD)

JPMorgan Chase & Co. grew its position in SandRidge Energy, Inc. (NYSE:SD - Free Report) by 145.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 150,733 shares of the oil and natural gas company's stock after buying an additional 89,313 shares during the period. JPMorgan Chase & Co. owned 0.41% of SandRidge Energy worth $1,765,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in SD. Barclays PLC grew its stake in shares of SandRidge Energy by 87.3% during the third quarter. Barclays PLC now owns 86,752 shares of the oil and natural gas company's stock worth $1,062,000 after purchasing an additional 40,427 shares during the period. Raymond James Financial Inc. acquired a new position in shares of SandRidge Energy during the 4th quarter worth about $1,876,000. SG Americas Securities LLC increased its stake in shares of SandRidge Energy by 3.0% in the 4th quarter. SG Americas Securities LLC now owns 59,526 shares of the oil and natural gas company's stock valued at $697,000 after acquiring an additional 1,738 shares during the last quarter. Geode Capital Management LLC boosted its stake in SandRidge Energy by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 742,169 shares of the oil and natural gas company's stock worth $9,079,000 after acquiring an additional 11,300 shares during the last quarter. Finally, Royce & Associates LP boosted its stake in SandRidge Energy by 76.2% during the 4th 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 during the last quarter. Institutional investors own 61.84% of the company's stock.

SandRidge Energy Stock Performance

NYSE:SD traded down $0.12 during trading hours on Wednesday, hitting $9.11. The stock had a trading volume of 317,950 shares, compared to its average volume of 303,261. The business's 50 day moving average is $10.57 and its 200-day moving average is $11.31. The company has a market cap of $338.39 million, a price-to-earnings ratio of 7.12 and a beta of 1.66. SandRidge Energy, Inc. has a one year low of $8.81 and a one year high of $14.24.

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

SandRidge Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 20th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.83%. SandRidge Energy's dividend 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.