Private Client Services LLC Sells 11,944 Shares of SandRidge Energy, Inc. (NYSE:SD)

Private Client Services LLC decreased its holdings in SandRidge Energy, Inc. (NYSE:SD) by 11.9% during the 1st quarter, Holdings Channel.com reports. The fund owned 88,512 shares of the oil and natural gas company’s stock after selling 11,944 shares during the quarter. Private Client Services LLC’s holdings in SandRidge Energy were worth $1,011,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in SD. Raymond James Financial Inc. purchased a new position in shares of SandRidge Energy during the fourth quarter valued at approximately $1,876,000. Arrowstreet Capital Limited Partnership boosted its holdings in SandRidge Energy by 305.8% during 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 acquiring an additional 97,481 shares during the last quarter. D. E. Shaw & Co. Inc. purchased a new position in SandRidge Energy during the 4th quarter worth $1,248,000. SG Americas Securities LLC grew its stake in shares of SandRidge Energy by 3.0% in the 4th quarter. SG Americas Securities LLC now owns 59,526 shares of the oil and natural gas company’s stock worth $697,000 after acquiring an additional 1,738 shares in the last quarter. Finally, Royce & Associates LP raised its holdings in shares of 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 valued at $12,820,000 after purchasing an additional 473,542 shares during the last quarter. Institutional investors and hedge funds own 61.84% of the company’s stock.

SandRidge Energy Stock Performance

SandRidge Energy stock opened at $9.96 on Friday. SandRidge Energy, Inc. has a fifty-two week low of $8.81 and a fifty-two week high of $14.04. The firm’s 50-day simple moving average is $9.90 and its 200 day simple moving average is $11.08. The stock has a market cap of $365.40 million, a PE ratio of 7.78 and a beta of 0.84.

SandRidge Energy (NYSE:SD) last announced its earnings results on Wednesday, May 7th. The oil and natural gas company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). The business had revenue of $42.60 million during the quarter, compared to analysts’ expectations of $43.32 million. SandRidge Energy had a return on equity of 7.92% and a net margin of 39.25%.

SandRidge Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be given a $0.11 dividend. The ex-dividend date is Monday, May 19th. This represents a $0.44 annualized dividend and a yield of 4.42%. SandRidge Energy’s dividend payout ratio is currently 25.14%.

About SandRidge Energy

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.