American Century Companies Inc. Grows Stock Position in SandRidge Energy, Inc. (NYSE:SD)

American Century Companies Inc. lifted its stake in shares of SandRidge Energy, Inc. (NYSE:SD) by 19.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 763,356 shares of the oil and natural gas company’s stock after purchasing an additional 123,890 shares during the quarter. American Century Companies Inc. owned about 2.06% of SandRidge Energy worth $9,870,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. nVerses Capital LLC purchased a new position in SandRidge Energy in the second quarter worth $25,000. Quest Partners LLC purchased a new position in SandRidge Energy in the fourth quarter worth $205,000. Susquehanna Fundamental Investments LLC purchased a new position in SandRidge Energy in the first quarter worth $243,000. Victory Capital Management Inc. purchased a new position in SandRidge Energy in the second quarter worth $224,000. Finally, Mesirow Financial Investment Management Inc. purchased a new position in SandRidge Energy in the second quarter worth $243,000. Hedge funds and other institutional investors own 61.84% of the company’s stock.

SandRidge Energy Stock Down 0.2 %

Shares of SD stock opened at $12.22 on Monday. SandRidge Energy, Inc. has a fifty-two week low of $11.51 and a fifty-two week high of $16.60. The stock has a market cap of $454.34 million, a P/E ratio of 9.40 and a beta of 2.09. The business has a fifty day simple moving average of $12.86 and a 200-day simple moving average of $13.45.

SandRidge Energy (NYSE:SD) last announced its quarterly earnings results on Wednesday, August 7th. The oil and natural gas company reported $0.17 earnings per share for the quarter. SandRidge Energy had a return on equity of 9.88% and a net margin of 31.47%. The business had revenue of $25.98 million during the quarter.

SandRidge Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date of this dividend was Friday, August 16th. SandRidge Energy’s dividend payout ratio is currently 33.85%.

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.