Private Client Services LLC Increases Holdings in SandRidge Energy, Inc. (NYSE:SD)

Private Client Services LLC raised its stake in SandRidge Energy, Inc. (NYSE:SD) by 63.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 100,456 shares of the oil and natural gas company’s stock after acquiring an additional 39,109 shares during the period. Private Client Services LLC’s holdings in SandRidge Energy were worth $1,176,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Quarry LP bought a new position in shares of SandRidge Energy in the second quarter worth approximately $25,000. Copeland Capital Management LLC bought a new position in SandRidge Energy in the 3rd quarter valued at approximately $36,000. nVerses Capital LLC lifted its position in SandRidge Energy by 57.9% in the 3rd quarter. nVerses Capital LLC now owns 3,000 shares of the oil and natural gas company’s stock valued at $37,000 after acquiring an additional 1,100 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in SandRidge Energy by 6.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,496 shares of the oil and natural gas company’s stock valued at $162,000 after purchasing an additional 756 shares during the last quarter. Finally, Quantinno Capital Management LP bought a new stake in shares of SandRidge Energy in the 3rd quarter worth $186,000. 61.84% of the stock is currently owned by institutional investors.

SandRidge Energy Stock Performance

Shares of NYSE:SD traded down $0.06 during midday trading on Wednesday, reaching $12.14. 67,289 shares of the company’s stock traded hands, compared to its average volume of 271,391. SandRidge Energy, Inc. has a one year low of $10.31 and a one year high of $15.31. The company has a market cap of $451.78 million, a price-to-earnings ratio of 9.48 and a beta of 2.10. The stock has a 50 day moving average of $11.42 and a 200 day moving average of $12.18.

SandRidge Energy (NYSE:SD) last announced its quarterly earnings results on Wednesday, November 6th. The oil and natural gas company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.08). SandRidge Energy had a net margin of 39.25% and a return on equity of 7.92%. The company had revenue of $30.06 million for the quarter.

SandRidge Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.44 dividend on an annualized basis and a yield of 3.62%. SandRidge Energy’s dividend payout ratio is presently 34.38%.

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.