Victory Capital Management Inc. Purchases 15,702 Shares of SandRidge Energy, Inc. (NYSE:SD)

Victory Capital Management Inc. lifted its position in SandRidge Energy, Inc. (NYSE:SD) by 90.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 33,019 shares of the oil and natural gas company’s stock after acquiring an additional 15,702 shares during the quarter. Victory Capital Management Inc.’s holdings in SandRidge Energy were worth $404,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Assenagon Asset Management S.A. increased its holdings in shares of SandRidge Energy by 62.6% in the third quarter. Assenagon Asset Management S.A. now owns 133,952 shares of the oil and natural gas company’s stock worth $1,638,000 after purchasing an additional 51,583 shares during the last quarter. Copeland Capital Management LLC bought a new stake in shares of SandRidge Energy in the third quarter worth about $36,000. Koss Olinger Consulting LLC increased its holdings in shares of SandRidge Energy by 3.7% in the third quarter. Koss Olinger Consulting LLC now owns 36,045 shares of the oil and natural gas company’s stock worth $441,000 after purchasing an additional 1,296 shares during the last quarter. nVerses Capital LLC increased its holdings in shares of SandRidge Energy by 57.9% in the third quarter. nVerses Capital LLC now owns 3,000 shares of the oil and natural gas company’s stock worth $37,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Creative Planning increased its stake in SandRidge Energy by 47.8% during the third 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. 61.84% of the stock is owned by institutional investors.

SandRidge Energy Price Performance

Shares of NYSE SD opened at $11.73 on Friday. The business’s 50 day moving average is $11.80 and its two-hundred day moving average is $12.62. SandRidge Energy, Inc. has a 1-year low of $10.94 and a 1-year high of $15.31. The stock has a market capitalization of $436.47 million, a P/E ratio of 9.16 and a beta of 2.10.

SandRidge Energy (NYSE:SD) last issued its quarterly earnings data 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 return on equity of 7.92% and a net margin of 39.25%. The company had revenue of $30.06 million for the quarter.

SandRidge Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.44 annualized dividend and a yield of 3.75%. SandRidge Energy’s payout ratio is currently 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.