Creative Planning Has $192,000 Stock Position in SandRidge Energy, Inc. (NYSE:SD)

Creative Planning lifted its stake in shares of SandRidge Energy, Inc. (NYSE:SD) by 47.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,685 shares of the oil and natural gas company’s stock after purchasing an additional 5,073 shares during the quarter. Creative Planning’s holdings in SandRidge Energy were worth $192,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. nVerses Capital LLC acquired a new stake in SandRidge Energy in the second quarter valued at about $25,000. Quarry LP acquired a new stake in SandRidge Energy in the second quarter valued at about $25,000. The Manufacturers Life Insurance Company boosted its stake in SandRidge Energy by 6.4% in 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 buying an additional 756 shares in the last quarter. Lakewood Asset Management LLC boosted its stake in SandRidge Energy by 9.0% in 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 buying an additional 1,265 shares in the last quarter. Finally, Victory Capital Management Inc. acquired a new stake in SandRidge Energy in the second quarter valued at about $224,000. 61.84% of the stock is owned by institutional investors and hedge funds.

SandRidge Energy Stock Performance

SandRidge Energy stock opened at $11.84 on Tuesday. The company has a market capitalization of $440.23 million, a PE ratio of 9.25 and a beta of 2.10. SandRidge Energy, Inc. has a 12 month low of $10.94 and a 12 month high of $15.31. The stock has a 50-day moving average price of $11.91 and a two-hundred day moving average price of $12.79.

SandRidge Energy (NYSE:SD) last issued its quarterly earnings data on Wednesday, November 6th. The oil and natural gas company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.08). SandRidge Energy had a return on equity of 7.96% and a net margin of 39.25%. The company had revenue of $30.06 million for the quarter.

SandRidge Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.11 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.44 dividend on an annualized basis and a yield of 3.72%. 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.