Sanctuary Advisors LLC Makes New Investment in SandRidge Energy, Inc. (NYSE:SD)

Sanctuary Advisors LLC acquired a new position in shares of SandRidge Energy, Inc. (NYSE:SD) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 36,444 shares of the oil and natural gas company’s stock, valued at approximately $471,000. Sanctuary Advisors LLC owned 0.10% of SandRidge Energy at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its holdings in shares of SandRidge Energy by 88.4% during the 1st quarter. Russell Investments Group Ltd. now owns 227,320 shares of the oil and natural gas company’s stock worth $3,312,000 after purchasing an additional 106,667 shares in the last quarter. Caxton Associates LP boosted its stake in SandRidge Energy by 690.0% in the first quarter. Caxton Associates LP now owns 118,492 shares of the oil and natural gas company’s stock valued at $1,726,000 after buying an additional 103,493 shares in the last quarter. Denali Advisors LLC boosted its stake in SandRidge Energy by 87.2% in the first quarter. Denali Advisors LLC now owns 172,800 shares of the oil and natural gas company’s stock valued at $2,518,000 after buying an additional 80,500 shares in the last quarter. LSV Asset Management boosted its stake in SandRidge Energy by 11.9% in the first quarter. LSV Asset Management now owns 77,100 shares of the oil and natural gas company’s stock valued at $1,123,000 after buying an additional 8,192 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in SandRidge Energy by 469.9% in the first quarter. SG Americas Securities LLC now owns 129,764 shares of the oil and natural gas company’s stock valued at $1,891,000 after purchasing an additional 106,995 shares during the last quarter. Institutional investors own 61.84% of the company’s stock.

SandRidge Energy Trading Up 1.7 %

SandRidge Energy stock opened at $11.63 on Thursday. The company has a market capitalization of $431.76 million, a PE ratio of 8.95 and a beta of 2.08. SandRidge Energy, Inc. has a 12 month low of $11.42 and a 12 month high of $16.60. The stock has a 50-day moving average price of $12.51 and a two-hundred day moving average price of $13.23.

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

SandRidge Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were given a $0.11 dividend. The ex-dividend date was Friday, August 16th. This represents a $0.44 annualized dividend and a yield of 3.78%. SandRidge Energy’s dividend payout ratio is presently 33.85%.

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.