Victory Capital Management Inc. Grows Stake in SandRidge Energy, Inc. (NYSE:SD)

Victory Capital Management Inc. lifted its position in SandRidge Energy, Inc. (NYSE:SD) by 90.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,019 shares of the oil and natural gas company’s stock after buying an additional 15,702 shares during the period. Victory Capital Management Inc. owned approximately 0.09% of SandRidge Energy worth $404,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its position in SandRidge Energy by 6.4% during the second quarter. The Manufacturers Life Insurance Company now owns 12,496 shares of the oil and natural gas company’s stock valued at $162,000 after purchasing an additional 756 shares in the last quarter. nVerses Capital LLC lifted its position in SandRidge Energy by 57.9% during the third quarter. nVerses Capital LLC now owns 3,000 shares of the oil and natural gas company’s stock valued at $37,000 after purchasing an additional 1,100 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in SandRidge Energy by 3.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 39,882 shares of the oil and natural gas company’s stock valued at $582,000 after purchasing an additional 1,172 shares in the last quarter. Lakewood Asset Management LLC lifted its position in SandRidge Energy by 9.0% during the third quarter. Lakewood Asset Management LLC now owns 15,265 shares of the oil and natural gas company’s stock valued at $187,000 after purchasing an additional 1,265 shares in the last quarter. Finally, Koss Olinger Consulting LLC lifted its position in SandRidge Energy by 3.7% during the third quarter. Koss Olinger Consulting LLC now owns 36,045 shares of the oil and natural gas company’s stock valued at $441,000 after purchasing an additional 1,296 shares in the last quarter. 61.84% of the stock is currently owned by hedge funds and other institutional investors.

SandRidge Energy Stock Performance

NYSE SD opened at $11.73 on Friday. The business’s fifty day moving average is $11.80 and its 200 day moving average is $12.62. SandRidge Energy, Inc. has a fifty-two week low of $10.94 and a fifty-two week high of $15.31. The company has a market capitalization of $436.47 million, a PE ratio of 9.16 and a beta of 2.10.

SandRidge Energy (NYSE:SD) last announced its quarterly earnings data on Wednesday, November 6th. The oil and natural gas company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.08). SandRidge Energy had a net margin of 39.25% and a return on equity of 7.92%. The business had revenue of $30.06 million during the quarter.

SandRidge Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a $0.11 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.44 annualized dividend and a dividend yield of 3.75%. SandRidge Energy’s payout ratio is 34.38%.

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.