First Wilshire Securities Management Inc. Lowers Position in SandRidge Energy, Inc. (NYSE:SD)

First Wilshire Securities Management Inc. trimmed its position in shares of SandRidge Energy, Inc. (NYSE:SD) by 33.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,148,530 shares of the oil and natural gas company’s stock after selling 566,709 shares during the quarter. SandRidge Energy accounts for approximately 3.6% of First Wilshire Securities Management Inc.’s portfolio, making the stock its 11th largest holding. First Wilshire Securities Management Inc. owned about 3.09% of SandRidge Energy worth $13,449,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SD. Royce & Associates LP boosted its position in SandRidge Energy by 76.2% in the fourth quarter. Royce & Associates LP now owns 1,094,786 shares of the oil and natural gas company’s stock worth $12,820,000 after purchasing an additional 473,542 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of SandRidge Energy during the 4th quarter worth $1,876,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of SandRidge Energy by 305.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 129,361 shares of the oil and natural gas company’s stock worth $1,515,000 after buying an additional 97,481 shares during the last quarter. Bank of New York Mellon Corp grew its position in SandRidge Energy by 19.1% during the fourth 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 buying an additional 92,950 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in SandRidge Energy by 145.4% during the fourth quarter. JPMorgan Chase & Co. now owns 150,733 shares of the oil and natural gas company’s stock worth $1,765,000 after buying an additional 89,313 shares during the last quarter. Hedge funds and other institutional investors own 61.84% of the company’s stock.

SandRidge Energy Stock Performance

Shares of SD stock opened at $11.44 on Wednesday. SandRidge Energy, Inc. has a 52 week low of $10.31 and a 52 week high of $15.31. The firm’s 50-day simple moving average is $11.76 and its two-hundred day simple moving average is $11.73. The firm has a market cap of $424.98 million, a price-to-earnings ratio of 8.94 and a beta of 2.03.

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

SandRidge Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend was Thursday, March 20th. SandRidge Energy’s dividend payout ratio (DPR) is currently 25.88%.

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.