Shell Asset Management Co. Sells 4,039 Shares of SandRidge Energy, Inc. (NYSE:SD)

Shell Asset Management Co. cut its holdings in shares of SandRidge Energy, Inc. (NYSE:SD) by 3.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 106,558 shares of the oil and natural gas company’s stock after selling 4,039 shares during the period. Shell Asset Management Co. owned 0.29% of SandRidge Energy worth $1,553,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of SandRidge Energy by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,683,520 shares of the oil and natural gas company’s stock valued at $26,364,000 after buying an additional 28,616 shares in the last quarter. American Century Companies Inc. grew its stake in shares of SandRidge Energy by 10.0% in the third quarter. American Century Companies Inc. now owns 475,889 shares of the oil and natural gas company’s stock worth $7,452,000 after acquiring an additional 43,075 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of SandRidge Energy by 88.4% in the 1st quarter. Russell Investments Group Ltd. now owns 227,320 shares of the oil and natural gas company’s stock worth $3,312,000 after purchasing an additional 106,667 shares during the last quarter. Empowered Funds LLC boosted its stake in SandRidge Energy by 8.1% in the 1st quarter. Empowered Funds LLC now owns 204,557 shares of the oil and natural gas company’s stock worth $2,980,000 after purchasing an additional 15,400 shares in the last quarter. Finally, Denali Advisors LLC grew its position in SandRidge Energy by 87.2% during the 1st quarter. Denali Advisors LLC now owns 172,800 shares of the oil and natural gas company’s stock valued at $2,518,000 after purchasing an additional 80,500 shares during the last quarter. 61.84% of the stock is owned by hedge funds and other institutional investors.

SandRidge Energy Stock Down 1.7 %

SandRidge Energy stock traded down $0.23 during trading hours on Friday, hitting $13.38. The stock had a trading volume of 29,475 shares, compared to its average volume of 377,145. The stock’s 50-day moving average price is $13.27 and its 200-day moving average price is $13.61. SandRidge Energy, Inc. has a 12-month low of $11.51 and a 12-month high of $17.19. The stock has a market capitalization of $496.67 million, a P/E ratio of 10.47 and a beta of 2.15.

SandRidge Energy (NYSE:SD) last released its quarterly earnings data on Tuesday, May 7th. The oil and natural gas company reported $0.23 earnings per share (EPS) for the quarter. SandRidge Energy had a return on equity of 11.41% and a net margin of 35.52%. The business had revenue of $30.28 million for the quarter.

SandRidge Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 17th were issued a $0.11 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.44 annualized dividend and a yield of 3.29%. SandRidge Energy’s payout ratio is 33.85%.

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.