State Street Corp Sells 24,419 Shares of SandRidge Energy, Inc. (NYSE:SD)

State Street Corp decreased its holdings in SandRidge Energy, Inc. (NYSE:SD) by 2.3% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,050,371 shares of the oil and natural gas company’s stock after selling 24,419 shares during the period. State Street Corp owned approximately 2.82% of SandRidge Energy worth $12,846,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. nVerses Capital LLC purchased a new stake in shares of SandRidge Energy during the second quarter valued at approximately $25,000. Quarry LP bought a new stake in SandRidge Energy during the 2nd quarter valued at $25,000. Copeland Capital Management LLC purchased a new stake in SandRidge Energy during the 3rd quarter valued at $36,000. The Manufacturers Life Insurance Company grew its holdings in SandRidge Energy by 6.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,496 shares of the oil and natural gas company’s stock worth $162,000 after acquiring an additional 756 shares during the last quarter. Finally, Quantinno Capital Management LP bought a new stake in SandRidge Energy in the 3rd quarter worth $186,000. Institutional investors own 61.84% of the company’s stock.

SandRidge Energy Trading Up 1.8 %

Shares of NYSE:SD opened at $10.69 on Thursday. The company has a market cap of $397.82 million, a price-to-earnings ratio of 8.35 and a beta of 2.13. SandRidge Energy, Inc. has a 12 month low of $10.31 and a 12 month high of $15.31. The company has a 50-day moving average price of $11.37 and a 200-day moving average price of $12.28.

SandRidge Energy (NYSE:SD) last released its quarterly earnings results on Wednesday, November 6th. The oil and natural gas company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter.

SandRidge Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date was Friday, November 15th. SandRidge Energy’s payout ratio is currently 34.38%.

SandRidge Energy 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.