SandRidge Energy, Inc. (NYSE:SD) Stock Position Increased by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD boosted its position in SandRidge Energy, Inc. (NYSE:SD) by 3.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 39,882 shares of the oil and natural gas company’s stock after purchasing an additional 1,172 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in SandRidge Energy were worth $582,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Russell Investments Group Ltd. raised its holdings in shares of SandRidge Energy by 88.4% in the 1st quarter. Russell Investments Group Ltd. now owns 227,320 shares of the oil and natural gas company’s stock worth $3,312,000 after purchasing an additional 106,667 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of SandRidge Energy in the first quarter worth approximately $243,000. SG Americas Securities LLC increased its position in shares of SandRidge Energy by 469.9% in the first quarter. SG Americas Securities LLC now owns 129,764 shares of the oil and natural gas company’s stock worth $1,891,000 after acquiring an additional 106,995 shares in the last quarter. Empowered Funds LLC increased its position in shares of SandRidge Energy by 8.1% in the first quarter. Empowered Funds LLC now owns 204,557 shares of the oil and natural gas company’s stock worth $2,980,000 after acquiring an additional 15,400 shares in the last quarter. Finally, LSV Asset Management increased its position in shares of SandRidge Energy by 11.9% in the first quarter. LSV Asset Management now owns 77,100 shares of the oil and natural gas company’s stock worth $1,123,000 after acquiring an additional 8,192 shares in the last quarter. 61.84% of the stock is currently owned by institutional investors.

SandRidge Energy Price Performance

SandRidge Energy stock opened at $12.78 on Wednesday. The firm’s 50 day simple moving average is $13.04 and its 200-day simple moving average is $13.50. The company has a market cap of $475.16 million, a P/E ratio of 9.83 and a beta of 2.15. SandRidge Energy, Inc. has a fifty-two week low of $11.51 and a fifty-two week high of $16.92.

SandRidge Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 3.44%. The ex-dividend date is Friday, August 16th. SandRidge Energy’s dividend payout ratio (DPR) is currently 33.85%.

SandRidge Energy Company 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.