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

Royce & Associates LP trimmed its holdings in shares of SandRidge Energy, Inc. (NYSE:SD) by 4.6% during the 4th quarter, Holdings Channel reports. The institutional investor 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’s holdings in SandRidge Energy were worth $17,549,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its stake in SandRidge Energy by 92.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,852 shares of the oil and natural gas company’s stock worth $42,000 after buying an additional 1,854 shares during the last quarter. State of Alaska Department of Revenue grew its stake in SandRidge Energy by 391.0% during the 4th quarter. State of Alaska Department of Revenue now owns 6,604 shares of the oil and natural gas company’s stock worth $94,000 after buying an additional 5,259 shares during the last quarter. NewEdge Advisors LLC grew its stake in SandRidge Energy by 11.1% during the 3rd quarter. NewEdge Advisors LLC now owns 10,000 shares of the oil and natural gas company’s stock worth $113,000 after buying an additional 1,000 shares during the last quarter. Independent Advisor Alliance purchased a new position in SandRidge Energy during the 3rd quarter worth $114,000. Finally, Quadrant Capital Group LLC purchased a new position in SandRidge Energy during the 3rd quarter worth $123,000. 61.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Wall Street Zen raised SandRidge Energy from a “hold” rating to a “buy” rating in a research report on Monday. Weiss Ratings raised SandRidge Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 6th. Finally, Freedom Capital raised SandRidge Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 19th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, SandRidge Energy presently has an average rating of “Moderate Buy”.

SandRidge Energy Stock Performance

Shares of SD opened at $14.74 on Wednesday. The stock has a 50-day moving average of $15.55 and a two-hundred day moving average of $15.36. SandRidge Energy, Inc. has a one year low of $9.57 and a one year high of $18.45. The stock has a market cap of $544.17 million, a P/E ratio of 7.19 and a beta of 0.56.

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

SandRidge Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Wednesday, May 20th will be issued a $0.13 dividend. This is a boost from SandRidge Energy’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $0.52 annualized dividend and a dividend yield of 3.5%. SandRidge Energy’s payout ratio is presently 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.