Nisa Investment Advisors LLC Has $125,000 Stock Position in SandRidge Energy, Inc. (NYSE:SD)

Nisa Investment Advisors LLC trimmed its position in SandRidge Energy, Inc. (NYSE:SD) by 40.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,227 shares of the oil and natural gas company’s stock after selling 6,974 shares during the quarter. Nisa Investment Advisors LLC’s holdings in SandRidge Energy were worth $125,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. nVerses Capital LLC acquired a new stake in SandRidge Energy in the second quarter worth about $25,000. Quarry LP acquired a new stake in SandRidge Energy in the second quarter worth about $25,000. Copeland Capital Management LLC acquired a new stake in SandRidge Energy in the third quarter worth about $36,000. The Manufacturers Life Insurance Company boosted its holdings in SandRidge Energy by 6.4% during the second quarter. The Manufacturers Life Insurance Company now owns 12,496 shares of the oil and natural gas company’s stock worth $162,000 after buying an additional 756 shares during the last quarter. Finally, Lakewood Asset Management LLC boosted its holdings in SandRidge Energy by 9.0% during the third quarter. Lakewood Asset Management LLC now owns 15,265 shares of the oil and natural gas company’s stock worth $187,000 after buying an additional 1,265 shares during the last quarter. 61.84% of the stock is currently owned by institutional investors and hedge funds.

SandRidge Energy Trading Up 4.1 %

Shares of SD opened at $12.27 on Friday. SandRidge Energy, Inc. has a 1 year low of $10.94 and a 1 year high of $15.31. The stock has a market cap of $456.22 million, a P/E ratio of 11.26 and a beta of 2.10. The stock’s 50-day moving average price is $11.97 and its two-hundred day moving average price is $12.86.

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

SandRidge Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 3.59%. The ex-dividend date is Friday, November 15th. SandRidge Energy’s dividend payout ratio (DPR) is presently 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.