LSV Asset Management Invests $942,000 in SandRidge Energy, Inc. (NYSE:SD)

LSV Asset Management purchased a new stake in SandRidge Energy, Inc. (NYSE:SD - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 68,908 shares of the oil and natural gas company's stock, valued at approximately $942,000. LSV Asset Management owned approximately 0.19% of SandRidge Energy at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SD. Raymond James & Associates purchased a new stake in shares of SandRidge Energy during the 3rd quarter worth $948,000. LB Partners LLC purchased a new position in SandRidge Energy in the fourth quarter valued at about $1,070,000. Brandywine Global Investment Management LLC acquired a new stake in shares of SandRidge Energy during the 3rd quarter valued at approximately $3,549,000. Klein Pavlis & Peasley Financial Inc. purchased a new stake in shares of SandRidge Energy during the 4th quarter worth approximately $1,369,000. Finally, Algert Global LLC acquired a new stake in shares of SandRidge Energy in the 3rd quarter worth approximately $1,445,000. Institutional investors and hedge funds own 61.84% of the company's stock.

Wall Street Analyst Weigh In

Separately, TheStreet cut SandRidge Energy from a "b" rating to a "c+" rating in a report on Wednesday, March 6th.

SandRidge Energy Stock Down 0.3 %

Shares of SandRidge Energy stock traded down $0.04 on Friday, hitting $13.54. The company's stock had a trading volume of 404,771 shares, compared to its average volume of 427,303. The company has a market capitalization of $502.60 million, a P/E ratio of 8.28 and a beta of 2.16. SandRidge Energy, Inc. has a 52-week low of $11.51 and a 52-week high of $17.80. The firm has a fifty day moving average price of $14.17 and a 200-day moving average price of $14.03.

SandRidge Energy (NYSE:SD - Get Free Report) last announced its quarterly earnings results on Wednesday, March 6th. The oil and natural gas company reported $0.35 earnings per share (EPS) for the quarter. SandRidge Energy had a net margin of 40.94% and a return on equity of 14.50%. The company had revenue of $33.93 million for the quarter.

SandRidge Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 3.25%. The ex-dividend date is Thursday, May 16th. SandRidge Energy's payout ratio is 26.83%.

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.