Royce & Associates LP Purchases 457,500 Shares of SandRidge Energy, Inc. (NYSE:SD)

Royce & Associates LP lifted its position in SandRidge Energy, Inc. (NYSE:SD) by 279.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 621,244 shares of the oil and natural gas company’s stock after acquiring an additional 457,500 shares during the quarter. Royce & Associates LP owned approximately 1.67% of SandRidge Energy worth $7,598,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SD. Renaissance Technologies LLC boosted its holdings in shares of SandRidge Energy by 5.5% in the 2nd quarter. Renaissance Technologies LLC now owns 1,524,312 shares of the oil and natural gas company’s stock worth $19,709,000 after buying an additional 79,400 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of SandRidge Energy by 0.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,256,320 shares of the oil and natural gas company’s stock worth $16,244,000 after buying an additional 4,881 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of SandRidge Energy by 19.4% in the 2nd quarter. American Century Companies Inc. now owns 763,356 shares of the oil and natural gas company’s stock worth $9,870,000 after buying an additional 123,890 shares during the last quarter. Denali Advisors LLC boosted its holdings in shares of SandRidge Energy by 69.4% in the 2nd quarter. Denali Advisors LLC now owns 292,800 shares of the oil and natural gas company’s stock worth $3,786,000 after buying an additional 120,000 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings 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 buying an additional 106,667 shares during the last quarter. Institutional investors own 61.84% of the company’s stock.

SandRidge Energy Stock Performance

Shares of NYSE:SD opened at $11.45 on Monday. The company’s 50-day moving average is $11.85 and its 200 day moving average is $12.73. The company has a market capitalization of $426.05 million, a P/E ratio of 8.95 and a beta of 2.10. SandRidge Energy, Inc. has a fifty-two week low of $10.94 and a fifty-two week high of $15.31.

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

SandRidge Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 3.84%. The ex-dividend date of this dividend is Friday, November 15th. SandRidge Energy’s dividend payout ratio is presently 34.38%.

About SandRidge Energy

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.