Teacher Retirement System of Texas Acquires 1,474 Shares of SandRidge Energy, Inc. (NYSE:SD)

Teacher Retirement System of Texas boosted its holdings in SandRidge Energy, Inc. (NYSE:SD) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 143,881 shares of the oil and natural gas company’s stock after acquiring an additional 1,474 shares during the quarter. Teacher Retirement System of Texas owned 0.39% of SandRidge Energy worth $1,685,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Royce & Associates LP lifted its holdings in shares of SandRidge Energy by 76.2% during the fourth quarter. Royce & Associates LP now owns 1,094,786 shares of the oil and natural gas company’s stock valued at $12,820,000 after acquiring an additional 473,542 shares during the period. Geode Capital Management LLC lifted 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 purchasing an additional 11,300 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in SandRidge Energy by 19.1% during the 4th quarter. Bank of New York Mellon Corp now owns 580,529 shares of the oil and natural gas company’s stock valued at $6,798,000 after purchasing an additional 92,950 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in SandRidge Energy by 3.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 263,004 shares of the oil and natural gas company’s stock valued at $3,217,000 after buying an additional 9,471 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in SandRidge Energy during the fourth quarter worth about $1,876,000. Institutional investors and hedge funds own 61.84% of the company’s stock.

SandRidge Energy Trading Up 1.8 %

NYSE:SD opened at $11.56 on Friday. The stock has a market capitalization of $429.21 million, a P/E ratio of 9.03 and a beta of 2.03. SandRidge Energy, Inc. has a 1 year low of $10.31 and a 1 year high of $15.31. The firm has a 50 day moving average of $11.82 and a 200-day moving average of $11.74.

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

SandRidge Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 20th will be given a dividend of $0.11 per share. The ex-dividend date is Thursday, March 20th. This represents a $0.44 annualized dividend and a yield of 3.81%. SandRidge Energy’s dividend payout ratio (DPR) is 25.88%.

SandRidge Energy 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.