Royce & Associates LP Trims Stock Holdings in SandRidge Energy, Inc. $SD

Royce & Associates LP reduced its stake in SandRidge Energy, Inc. (NYSE:SD) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,216,170 shares of the oil and natural gas company’s stock after selling 58,870 shares during the period. Royce & Associates LP owned approximately 3.31% of SandRidge Energy worth $17,549,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. LSV Asset Management lifted its holdings in shares of SandRidge Energy by 126.9% during the fourth quarter. LSV Asset Management now owns 182,868 shares of the oil and natural gas company’s stock valued at $2,639,000 after purchasing an additional 102,268 shares in the last quarter. Denali Advisors LLC lifted its holdings in shares of SandRidge Energy by 21.2% during the fourth quarter. Denali Advisors LLC now owns 405,993 shares of the oil and natural gas company’s stock valued at $5,858,000 after purchasing an additional 71,093 shares in the last quarter. UBS Group AG lifted its holdings in SandRidge Energy by 92.3% in the fourth quarter. UBS Group AG now owns 148,696 shares of the oil and natural gas company’s stock valued at $2,146,000 after acquiring an additional 71,357 shares during the period. Sanctuary Advisors LLC lifted its holdings in SandRidge Energy by 9.1% in the fourth quarter. Sanctuary Advisors LLC now owns 11,867 shares of the oil and natural gas company’s stock valued at $171,000 after acquiring an additional 994 shares during the period. Finally, Lakewood Asset Management LLC lifted its holdings in SandRidge Energy by 8.0% in the fourth quarter. Lakewood Asset Management LLC now owns 24,724 shares of the oil and natural gas company’s stock valued at $357,000 after acquiring an additional 1,824 shares during the period. 61.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on SD. Freedom Capital upgraded SandRidge Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 19th. Weiss Ratings upgraded SandRidge Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 6th. Finally, Wall Street Zen upgraded SandRidge Energy from a “hold” rating to a “buy” rating in a research report on Monday. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

SandRidge Energy Stock Performance

Shares of SD stock opened at $14.74 on Wednesday. SandRidge Energy, Inc. has a 52-week low of $9.57 and a 52-week high of $18.45. The firm has a market capitalization of $544.17 million, a P/E ratio of 7.19 and a beta of 0.56. The stock has a 50 day moving average price of $15.55 and a 200 day moving average price of $15.36.

SandRidge Energy (NYSE:SD) last issued its quarterly earnings results on Wednesday, May 6th. The oil and natural gas company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.18. The firm had revenue of $49.78 million during the quarter, compared to analyst estimates of $45.00 million. SandRidge Energy had a return on equity of 12.31% and a net margin of 46.37%.

SandRidge Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 20th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.5%. The ex-dividend date is Wednesday, May 20th. This is an increase from SandRidge Energy’s previous quarterly dividend of $0.12. SandRidge Energy’s dividend payout ratio (DPR) is 25.37%.

SandRidge Energy Company Profile

SandRidge Energy, Inc (NYSE: SD) is an independent exploration and production company focused on the development of onshore oil and natural gas resources in the United States. The company concentrates its operations primarily in the Anadarko Basin, applying horizontal drilling and multi-stage hydraulic fracturing techniques to exploit unconventional reservoirs. SandRidge’s asset portfolio includes both crude oil and natural gas liquids, complemented by associated gas production, with infrastructure investments designed to optimize midstream availability and enhance capital efficiency.

Founded in 2006 by industry veteran Tom L.