Franklin Resources Inc. Trims Stock Position in SandRidge Energy, Inc. (NYSE:SD)

Franklin Resources Inc. decreased its holdings in SandRidge Energy, Inc. (NYSE:SD) by 3.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,765 shares of the oil and natural gas company’s stock after selling 1,794 shares during the quarter. Franklin Resources Inc. owned approximately 0.14% of SandRidge Energy worth $657,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sanctuary Advisors LLC grew its holdings in SandRidge Energy by 9.5% in the third quarter. Sanctuary Advisors LLC now owns 39,895 shares of the oil and natural gas company’s stock valued at $483,000 after purchasing an additional 3,451 shares during the period. Barclays PLC increased its holdings in shares of SandRidge Energy by 87.3% during the 3rd quarter. Barclays PLC now owns 86,752 shares of the oil and natural gas company’s stock worth $1,062,000 after buying an additional 40,427 shares during the last quarter. Geode Capital Management LLC raised its position in shares of SandRidge Energy by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 742,169 shares of the oil and natural gas company’s stock worth $9,079,000 after buying an additional 11,300 shares during the period. Quantinno Capital Management LP acquired a new position in SandRidge Energy in the third quarter valued at $186,000. Finally, Lavaca Capital LLC acquired a new stake in SandRidge Energy during the third quarter worth about $306,000. Institutional investors and hedge funds own 61.84% of the company’s stock.

SandRidge Energy Price Performance

SandRidge Energy stock opened at $11.62 on Tuesday. SandRidge Energy, Inc. has a 12 month low of $10.31 and a 12 month high of $15.31. The company has a market cap of $432.43 million, a price-to-earnings ratio of 9.08 and a beta of 2.13. The stock’s 50-day moving average is $11.33 and its 200-day moving average is $12.24.

SandRidge Energy (NYSE:SD) last announced its quarterly earnings results on Wednesday, November 6th. The oil and natural gas company reported $0.19 earnings per share 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 $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 3.79%. The ex-dividend date was Friday, November 15th. SandRidge Energy’s dividend payout ratio (DPR) is presently 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.