Barclays PLC Increases Stock Holdings in SandRidge Energy, Inc. (NYSE:SD)

Barclays PLC increased its holdings in shares of SandRidge Energy, Inc. (NYSE:SD) by 87.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 86,752 shares of the oil and natural gas company’s stock after purchasing an additional 40,427 shares during the period. Barclays PLC’s holdings in SandRidge Energy were worth $1,062,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of SD. Geode Capital Management LLC increased its holdings in SandRidge Energy by 1.5% in the third 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 last quarter. Quantinno Capital Management LP purchased a new position in SandRidge Energy during the third quarter worth about $186,000. Lavaca Capital LLC acquired a new position in shares of SandRidge Energy during the 3rd quarter worth $306,000. BNP Paribas Financial Markets grew its holdings in shares of SandRidge Energy by 34.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 23,502 shares of the oil and natural gas company’s stock worth $287,000 after acquiring an additional 5,967 shares during the period. Finally, Algert Global LLC increased its holdings in SandRidge Energy by 70.5% during the 3rd quarter. Algert Global LLC now owns 39,490 shares of the oil and natural gas company’s stock valued at $483,000 after acquiring an additional 16,329 shares in the last quarter. 61.84% of the stock is currently owned by institutional investors and hedge funds.

SandRidge Energy Stock Up 1.0 %

Shares of NYSE:SD opened at $12.54 on Wednesday. The company has a market capitalization of $466.66 million, a P/E ratio of 9.80 and a beta of 2.10. The stock’s fifty day simple moving average is $11.51 and its 200-day simple moving average is $12.16. SandRidge Energy, Inc. has a 52-week low of $10.31 and a 52-week high of $15.31.

SandRidge Energy (NYSE:SD) last issued 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 return on equity of 7.92% and a net margin of 39.25%. The business had revenue of $30.06 million during the quarter.

SandRidge Energy Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.51%. SandRidge Energy’s payout ratio is 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.