Bank of New York Mellon Corp Boosts Holdings in SandRidge Energy, Inc. (NYSE:SD)

Bank of New York Mellon Corp raised its position in shares of SandRidge Energy, Inc. (NYSE:SD) by 19.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 580,529 shares of the oil and natural gas company’s stock after purchasing an additional 92,950 shares during the quarter. Bank of New York Mellon Corp owned 1.56% of SandRidge Energy worth $6,798,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in shares of SandRidge Energy by 1.5% during the third quarter. Geode Capital Management LLC now owns 742,169 shares of the oil and natural gas company’s stock valued at $9,079,000 after buying an additional 11,300 shares during the last quarter. Royce & Associates LP increased its position in SandRidge Energy by 279.4% during the third quarter. Royce & Associates LP now owns 621,244 shares of the oil and natural gas company’s stock valued at $7,598,000 after acquiring an additional 457,500 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in SandRidge Energy by 3.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 263,004 shares of the oil and natural gas company’s stock valued at $3,217,000 after acquiring an additional 9,471 shares during the last quarter. Empowered Funds LLC increased its position in SandRidge Energy by 5.1% during the fourth quarter. Empowered Funds LLC now owns 136,679 shares of the oil and natural gas company’s stock valued at $1,601,000 after acquiring an additional 6,664 shares during the last quarter. Finally, Private Client Services LLC increased its position in SandRidge Energy by 63.8% during the fourth quarter. Private Client Services LLC now owns 100,456 shares of the oil and natural gas company’s stock valued at $1,176,000 after acquiring an additional 39,109 shares during the last quarter. Hedge funds and other institutional investors own 61.84% of the company’s stock.

SandRidge Energy Stock Up 1.8 %

SD stock opened at $11.43 on Monday. The stock has a market capitalization of $424.38 million, a price-to-earnings ratio of 8.93 and a beta of 2.03. SandRidge Energy, Inc. has a twelve month low of $10.31 and a twelve month high of $15.31. The firm’s fifty day simple moving average is $11.97 and its two-hundred day simple moving average is $11.81.

SandRidge Energy (NYSE:SD) last issued its earnings results on Monday, March 10th. The oil and natural gas company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.14). SandRidge Energy had a net margin of 39.25% and a return on equity of 7.92%. The company had revenue of $38.97 million for the quarter, compared to analysts’ expectations of $50.27 million.

SandRidge Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 20th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend is Thursday, March 20th. SandRidge Energy’s dividend payout ratio (DPR) is presently 25.88%.

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.