Koss Olinger Consulting LLC Has $513,000 Holdings in SandRidge Energy, Inc. (NYSE:SD)

Koss Olinger Consulting LLC lifted its holdings in SandRidge Energy, Inc. (NYSE:SD) by 21.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 43,838 shares of the oil and natural gas company’s stock after acquiring an additional 7,793 shares during the period. Koss Olinger Consulting LLC owned approximately 0.12% of SandRidge Energy worth $513,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of SD. Barclays PLC increased its holdings in SandRidge Energy by 87.3% in the 3rd quarter. Barclays PLC now owns 86,752 shares of the oil and natural gas company’s stock valued at $1,062,000 after buying an additional 40,427 shares during the period. Quest Partners LLC bought a new position in SandRidge Energy in the 3rd quarter valued at about $522,000. SG Americas Securities LLC increased its holdings in 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 buying an additional 1,738 shares during the period. Geode Capital Management LLC increased its holdings in SandRidge Energy by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 742,169 shares of the oil and natural gas company’s stock valued at $9,079,000 after buying an additional 11,300 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in SandRidge Energy by 90.7% in the 3rd quarter. Victory Capital Management Inc. now owns 33,019 shares of the oil and natural gas company’s stock valued at $404,000 after buying an additional 15,702 shares during the period. 61.84% of the stock is currently owned by institutional investors and hedge funds.

SandRidge Energy Stock Up 1.4 %

SD stock opened at $11.86 on Thursday. SandRidge Energy, Inc. has a 12 month low of $10.31 and a 12 month high of $15.31. The firm has a market cap of $440.35 million, a P/E ratio of 9.26 and a beta of 2.03. The company’s 50-day moving average price is $11.94 and its two-hundred day moving average price is $11.79.

SandRidge Energy (NYSE:SD) 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). SandRidge Energy had a net margin of 39.25% and a return on equity of 7.92%. The firm had revenue of $38.97 million during the quarter, compared to the consensus estimate of $50.27 million.

SandRidge Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be paid a $0.11 dividend. The ex-dividend date is Thursday, March 20th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.71%. SandRidge Energy’s payout ratio is currently 25.88%.

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.