UBS Group AG Buys 71,357 Shares of SandRidge Energy, Inc. $SD

UBS Group AG lifted its stake in shares of SandRidge Energy, Inc. (NYSE:SD) by 92.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 148,696 shares of the oil and natural gas company’s stock after acquiring an additional 71,357 shares during the quarter. UBS Group AG’s holdings in SandRidge Energy were worth $2,146,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Icahn Carl C raised its position in shares of SandRidge Energy by 1.1% during the third quarter. Icahn Carl C now owns 4,870,233 shares of the oil and natural gas company’s stock worth $54,936,000 after acquiring an additional 51,401 shares during the last quarter. Vanguard Group Inc. raised its position in shares of SandRidge Energy by 0.5% during the third quarter. Vanguard Group Inc. now owns 2,262,914 shares of the oil and natural gas company’s stock worth $25,526,000 after acquiring an additional 10,142 shares during the last quarter. Royce & Associates LP raised its position in shares of SandRidge Energy by 2.6% during the third quarter. Royce & Associates LP now owns 1,275,040 shares of the oil and natural gas company’s stock worth $14,382,000 after acquiring an additional 31,789 shares during the last quarter. Raymond James Financial Inc. raised its position in shares of SandRidge Energy by 33.8% during the third quarter. Raymond James Financial Inc. now owns 341,671 shares of the oil and natural gas company’s stock worth $3,854,000 after acquiring an additional 86,358 shares during the last quarter. Finally, Two Sigma Investments LP raised its position in shares of SandRidge Energy by 11.9% during the third quarter. Two Sigma Investments LP now owns 318,337 shares of the oil and natural gas company’s stock worth $3,591,000 after acquiring an additional 33,751 shares during the last quarter. 61.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Weiss Ratings upgraded SandRidge Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 6th. Wall Street Zen upgraded SandRidge Energy from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Freedom Capital upgraded SandRidge Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 19th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

SandRidge Energy Price Performance

NYSE SD opened at $14.17 on Thursday. The business has a 50 day simple moving average of $15.50 and a 200 day simple moving average of $15.37. SandRidge Energy, Inc. has a one year low of $9.70 and a one year high of $18.45. The stock has a market capitalization of $523.19 million, a P/E ratio of 6.91 and a beta of 0.56.

SandRidge Energy (NYSE:SD) last released its earnings results on Wednesday, May 6th. The oil and natural gas company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.41 by $0.18. SandRidge Energy had a return on equity of 12.31% and a net margin of 46.37%.The business had revenue of $49.78 million during the quarter, compared to analysts’ expectations of $45.00 million.

SandRidge Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 20th will be paid a dividend of $0.13 per share. This is an increase from SandRidge Energy’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Wednesday, May 20th. SandRidge Energy’s payout ratio is 25.37%.

About SandRidge Energy

SandRidge Energy, Inc (NYSE: SD) is an independent exploration and production company focused on the development of onshore oil and natural gas resources in the United States. The company concentrates its operations primarily in the Anadarko Basin, applying horizontal drilling and multi-stage hydraulic fracturing techniques to exploit unconventional reservoirs. SandRidge’s asset portfolio includes both crude oil and natural gas liquids, complemented by associated gas production, with infrastructure investments designed to optimize midstream availability and enhance capital efficiency.

Founded in 2006 by industry veteran Tom L.