Sanctuary Advisors LLC Purchases 39,119 Shares of SandRidge Energy, Inc. $SD

Sanctuary Advisors LLC boosted its position in SandRidge Energy, Inc. (NYSE:SD) by 329.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 50,986 shares of the oil and natural gas company’s stock after purchasing an additional 39,119 shares during the period. Sanctuary Advisors LLC owned about 0.14% of SandRidge Energy worth $832,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Strs Ohio bought a new position in shares of SandRidge Energy in the 1st quarter worth approximately $57,000. Tower Research Capital LLC TRC grew its position in SandRidge Energy by 92.8% during the second quarter. Tower Research Capital LLC TRC now owns 3,852 shares of the oil and natural gas company’s stock valued at $42,000 after buying an additional 1,854 shares during the period. State of Alaska Department of Revenue increased its holdings in SandRidge Energy by 391.0% during the fourth quarter. State of Alaska Department of Revenue now owns 6,604 shares of the oil and natural gas company’s stock valued at $94,000 after buying an additional 5,259 shares during the last quarter. NewEdge Advisors LLC raised its position in SandRidge Energy by 11.1% in the third quarter. NewEdge Advisors LLC now owns 10,000 shares of the oil and natural gas company’s stock worth $113,000 after acquiring an additional 1,000 shares during the period. Finally, DGS Capital Management LLC bought a new position in SandRidge Energy in the first quarter worth approximately $169,000. 61.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on SD shares. Freedom Capital raised shares of SandRidge Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 19th. Wall Street Zen raised SandRidge Energy from a “hold” rating to a “buy” rating in a report on Sunday, July 5th. Finally, Weiss Ratings downgraded SandRidge Energy from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 16th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

SandRidge Energy Price Performance

SandRidge Energy stock opened at $13.80 on Monday. SandRidge Energy, Inc. has a 1 year low of $9.89 and a 1 year high of $18.45. The firm’s 50 day moving average price is $14.27 and its 200-day moving average price is $15.31. The stock has a market cap of $509.50 million, a P/E ratio of 6.73 and a beta of 0.54.

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

SandRidge Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Wednesday, May 20th were issued a dividend of $0.13 per share. This is a boost from SandRidge Energy’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $0.52 annualized dividend and a dividend yield of 3.8%. SandRidge Energy’s payout ratio is currently 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.