Geode Capital Management LLC Buys 11,300 Shares of SandRidge Energy, Inc. (NYSE:SD)

Geode Capital Management LLC lifted its stake in shares of SandRidge Energy, Inc. (NYSE:SD) by 1.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 742,169 shares of the oil and natural gas company’s stock after acquiring an additional 11,300 shares during the quarter. Geode Capital Management LLC owned approximately 1.99% of SandRidge Energy worth $9,079,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. nVerses Capital LLC bought a new position in SandRidge Energy in the 2nd quarter worth $25,000. Victory Capital Management Inc. bought a new position in shares of SandRidge Energy in the second quarter worth about $224,000. Koss Olinger Consulting LLC bought a new position in shares of SandRidge Energy in the second quarter worth about $449,000. Wedbush Securities Inc. grew its position in shares of SandRidge Energy by 45.0% during the second quarter. Wedbush Securities Inc. now owns 19,208 shares of the oil and natural gas company’s stock worth $248,000 after purchasing an additional 5,960 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in SandRidge Energy by 19.4% during the 2nd quarter. American Century Companies Inc. now owns 763,356 shares of the oil and natural gas company’s stock valued at $9,870,000 after purchasing an additional 123,890 shares during the period. 61.84% of the stock is owned by hedge funds and other institutional investors.

SandRidge Energy Trading Up 0.8 %

NYSE SD opened at $11.71 on Thursday. SandRidge Energy, Inc. has a 12 month low of $10.31 and a 12 month high of $15.31. The stock’s 50 day moving average is $11.35 and its 200 day moving average is $12.22. The stock has a market cap of $435.78 million, a PE ratio of 9.15 and a beta of 2.13.

SandRidge Energy (NYSE:SD) last issued its 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). The company had revenue of $30.06 million for the quarter. SandRidge Energy had a return on equity of 7.92% and a net margin of 39.25%.

SandRidge Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.76%. SandRidge Energy’s payout ratio is 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.