State Street Corp Lowers Stock Position in SandRidge Energy, Inc. (NYSE:SD)

State Street Corp lessened its holdings in shares of SandRidge Energy, Inc. (NYSE:SD) by 2.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,050,371 shares of the oil and natural gas company’s stock after selling 24,419 shares during the period. State Street Corp’s holdings in SandRidge Energy were worth $12,846,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Renaissance Technologies LLC increased its position in SandRidge Energy by 5.5% during the 2nd quarter. Renaissance Technologies LLC now owns 1,524,312 shares of the oil and natural gas company’s stock valued at $19,709,000 after buying an additional 79,400 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of SandRidge Energy by 0.4% in the second 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 acquiring an additional 4,881 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of SandRidge Energy by 19.4% during the second quarter. American Century Companies Inc. now owns 763,356 shares of the oil and natural gas company’s stock valued at $9,870,000 after acquiring an additional 123,890 shares in the last quarter. Royce & Associates LP raised its position in shares of SandRidge Energy by 279.4% in the 3rd quarter. Royce & Associates LP now owns 621,244 shares of the oil and natural gas company’s stock worth $7,598,000 after purchasing an additional 457,500 shares during the last quarter. Finally, Denali Advisors LLC boosted its stake in 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 purchasing an additional 120,000 shares in the last quarter. 61.84% of the stock is owned by hedge funds and other institutional investors.

SandRidge Energy Stock Performance

Shares of SD stock opened at $10.69 on Thursday. The company has a market capitalization of $397.82 million, a price-to-earnings ratio of 8.35 and a beta of 2.13. SandRidge Energy, Inc. has a one year low of $10.31 and a one year high of $15.31. The company’s 50-day moving average is $11.37 and its 200 day moving average is $12.28.

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 for the quarter, missing the consensus estimate of $0.27 by ($0.08). SandRidge Energy had a net margin of 39.25% and a return on equity of 7.92%. The firm had revenue of $30.06 million for the quarter.

SandRidge Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date was Friday, November 15th. SandRidge Energy’s payout ratio is currently 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.