First Trust Advisors LP Buys 59,618 Shares of SandRidge Energy, Inc. (NYSE:SD)

First Trust Advisors LP lifted its position in SandRidge Energy, Inc. (NYSE:SD) by 18.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 384,664 shares of the oil and natural gas company’s stock after purchasing an additional 59,618 shares during the period. First Trust Advisors LP owned about 1.03% of SandRidge Energy worth $4,504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC grew its holdings in SandRidge Energy by 1.5% during the 3rd 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 in the last quarter. Barclays PLC lifted its position in shares of SandRidge Energy by 87.3% during the third quarter. Barclays PLC now owns 86,752 shares of the oil and natural gas company’s stock worth $1,062,000 after purchasing an additional 40,427 shares during the last quarter. JPMorgan Chase & Co. grew its stake in SandRidge Energy by 8.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 61,420 shares of the oil and natural gas company’s stock worth $751,000 after acquiring an additional 4,868 shares in the last quarter. Private Client Services LLC grew its stake in SandRidge Energy by 63.8% in the fourth quarter. Private Client Services LLC now owns 100,456 shares of the oil and natural gas company’s stock worth $1,176,000 after purchasing an additional 39,109 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of SandRidge Energy by 3.0% during the fourth quarter. SG Americas Securities LLC now owns 59,526 shares of the oil and natural gas company’s stock valued at $697,000 after buying an additional 1,738 shares during the period. 61.84% of the stock is owned by institutional investors.

SandRidge Energy Stock Performance

Shares of SD opened at $9.31 on Friday. The company has a 50 day moving average price of $10.51 and a 200-day moving average price of $11.29. The stock has a market capitalization of $345.82 million, a PE ratio of 7.27 and a beta of 1.66. SandRidge Energy, Inc. has a fifty-two week low of $8.81 and a fifty-two week high of $14.24.

SandRidge Energy (NYSE:SD) last announced its earnings results on Monday, March 10th. The oil and natural gas company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.14). SandRidge Energy had a net margin of 39.25% and a return on equity of 7.92%. The firm had revenue of $38.97 million during the quarter, compared to analyst estimates of $50.27 million.

SandRidge Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 20th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date was Thursday, March 20th. SandRidge Energy’s dividend payout ratio (DPR) is presently 25.88%.

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.