Charles Schwab Investment Management Inc. Has $3.03 Million Position in SandRidge Energy, Inc. (NYSE:SD)

Charles Schwab Investment Management Inc. cut its holdings in SandRidge Energy, Inc. (NYSE:SD) by 1.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 258,805 shares of the oil and natural gas company’s stock after selling 4,199 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.70% of SandRidge Energy worth $3,031,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SD. Victory Capital Management Inc. grew its stake in shares of SandRidge Energy by 90.7% during the third quarter. Victory Capital Management Inc. now owns 33,019 shares of the oil and natural gas company’s stock worth $404,000 after purchasing an additional 15,702 shares during the period. Algert Global LLC grew its position in shares of SandRidge Energy by 70.5% during the 3rd quarter. Algert Global LLC now owns 39,490 shares of the oil and natural gas company’s stock worth $483,000 after buying an additional 16,329 shares during the period. BNP Paribas Financial Markets increased its stake in shares of SandRidge Energy by 34.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 23,502 shares of the oil and natural gas company’s stock valued at $287,000 after acquiring an additional 5,967 shares during the last quarter. Lavaca Capital LLC acquired a new stake in shares of SandRidge Energy in the 3rd quarter valued at approximately $306,000. Finally, Quantinno Capital Management LP bought a new position in SandRidge Energy during the 3rd quarter worth approximately $186,000. Institutional investors and hedge funds own 61.84% of the company’s stock.

SandRidge Energy Stock Performance

Shares of NYSE:SD opened at $11.56 on Friday. The company has a 50 day moving average price of $11.82 and a two-hundred day moving average price of $11.74. The company has a market capitalization of $429.21 million, a PE ratio of 9.03 and a beta of 2.03. SandRidge Energy, Inc. has a 52 week low of $10.31 and a 52 week high of $15.31.

SandRidge Energy (NYSE:SD) last released its quarterly earnings data on Monday, March 10th. The oil and natural gas company reported $0.34 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 firm had revenue of $38.97 million during the quarter, compared to the consensus estimate of $50.27 million.

SandRidge Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend is Thursday, March 20th. SandRidge Energy’s dividend payout ratio (DPR) is presently 25.88%.

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.