Assenagon Asset Management S.A. Raises Stock Position in SandRidge Energy, Inc. (NYSE:SD)

Assenagon Asset Management S.A. increased its stake in SandRidge Energy, Inc. (NYSE:SD) by 62.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 133,952 shares of the oil and natural gas company’s stock after purchasing an additional 51,583 shares during the quarter. Assenagon Asset Management S.A.’s holdings in SandRidge Energy were worth $1,638,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Copeland Capital Management LLC purchased a new position in shares of SandRidge Energy during the 3rd quarter worth $36,000. Koss Olinger Consulting LLC boosted its stake in shares of SandRidge Energy by 3.7% during the 3rd quarter. Koss Olinger Consulting LLC now owns 36,045 shares of the oil and natural gas company’s stock worth $441,000 after acquiring an additional 1,296 shares during the last quarter. nVerses Capital LLC boosted its stake in shares of SandRidge Energy by 57.9% during the 3rd quarter. nVerses Capital LLC now owns 3,000 shares of the oil and natural gas company’s stock worth $37,000 after acquiring an additional 1,100 shares during the last quarter. Creative Planning boosted its stake in shares of SandRidge Energy by 47.8% during the 3rd quarter. Creative Planning now owns 15,685 shares of the oil and natural gas company’s stock worth $192,000 after acquiring an additional 5,073 shares during the last quarter. Finally, Exchange Traded Concepts LLC purchased a new position in shares of SandRidge Energy during the 3rd quarter worth $305,000. Hedge funds and other institutional investors own 61.84% of the company’s stock.

SandRidge Energy Price Performance

Shares of SandRidge Energy stock opened at $11.07 on Friday. The company’s fifty day simple moving average is $12.11 and its 200-day simple moving average is $12.94. The stock has a market capitalization of $411.58 million, a PE ratio of 10.16 and a beta of 2.08. SandRidge Energy, Inc. has a 1-year low of $10.94 and a 1-year high of $16.24.

SandRidge Energy (NYSE:SD) last released its earnings results on Wednesday, August 7th. The oil and natural gas company reported $0.17 earnings per share for the quarter. SandRidge Energy had a net margin of 31.47% and a return on equity of 9.88%. The company had revenue of $25.98 million for the quarter.

SandRidge Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date was Friday, August 16th. SandRidge Energy’s dividend payout ratio (DPR) is 40.37%.

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.