SandRidge Energy, Inc. (NYSE:SD) Holdings Lowered by Shell Asset Management Co.

Shell Asset Management Co. lowered its stake in SandRidge Energy, Inc. (NYSE:SD) by 3.7% during the first quarter, HoldingsChannel reports. The firm owned 106,558 shares of the oil and natural gas company’s stock after selling 4,039 shares during the period. Shell Asset Management Co.’s holdings in SandRidge Energy were worth $1,553,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Copeland Capital Management LLC purchased a new stake in shares of SandRidge Energy in the fourth quarter valued at $27,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of SandRidge Energy by 114.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,113 shares of the oil and natural gas company’s stock valued at $111,000 after buying an additional 4,325 shares in the last quarter. Quest Partners LLC bought a new stake in shares of SandRidge Energy during the 4th quarter worth $205,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of SandRidge Energy in the first quarter valued at approximately $243,000. Finally, SG Americas Securities LLC boosted its position in shares of SandRidge Energy by 85.1% during the 4th quarter. SG Americas Securities LLC now owns 22,769 shares of the oil and natural gas company’s stock valued at $311,000 after acquiring an additional 10,470 shares in the last quarter. Institutional investors and hedge funds own 61.84% of the company’s stock.

SandRidge Energy Stock Performance

Shares of NYSE:SD traded down $0.23 on Friday, hitting $13.38. The stock had a trading volume of 29,475 shares, compared to its average volume of 377,145. The company has a market capitalization of $496.67 million, a price-to-earnings ratio of 10.47 and a beta of 2.15. The firm’s 50 day moving average price is $13.27 and its 200-day moving average price is $13.61. SandRidge Energy, Inc. has a twelve month low of $11.51 and a twelve month high of $17.19.

SandRidge Energy (NYSE:SD) last posted its quarterly earnings results on Tuesday, May 7th. The oil and natural gas company reported $0.23 earnings per share for the quarter. The company had revenue of $30.28 million for the quarter. SandRidge Energy had a return on equity of 11.41% and a net margin of 35.52%.

SandRidge Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were issued a $0.11 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.44 annualized dividend and a dividend yield of 3.29%. 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.