Barclays PLC Buys 40,427 Shares of SandRidge Energy, Inc. (NYSE:SD)

Barclays PLC increased its holdings in SandRidge Energy, Inc. (NYSE:SDFree Report) by 87.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 86,752 shares of the oil and natural gas company’s stock after buying an additional 40,427 shares during the period. Barclays PLC owned about 0.23% of SandRidge Energy worth $1,062,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of SD. Geode Capital Management LLC raised its holdings in shares of SandRidge Energy by 1.5% in the third 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 last quarter. Quantinno Capital Management LP purchased a new stake in SandRidge Energy during the third quarter worth $186,000. Lavaca Capital LLC acquired a new stake in shares of SandRidge Energy during the 3rd quarter valued at about $306,000. BNP Paribas Financial Markets increased its position in shares of SandRidge Energy by 34.0% in the third quarter. BNP Paribas Financial Markets now owns 23,502 shares of the oil and natural gas company’s stock valued at $287,000 after buying an additional 5,967 shares in the last quarter. Finally, Algert Global LLC increased its stake in shares of SandRidge Energy by 70.5% during the third quarter. Algert Global LLC now owns 39,490 shares of the oil and natural gas company’s stock worth $483,000 after purchasing an additional 16,329 shares in the last quarter. 61.84% of the stock is owned by hedge funds and other institutional investors.

SandRidge Energy Stock Performance

Shares of SD opened at $12.54 on Wednesday. The stock has a 50 day moving average price of $11.51 and a 200 day moving average price of $12.16. SandRidge Energy, Inc. has a one year low of $10.31 and a one year high of $15.31. The stock has a market capitalization of $466.66 million, a price-to-earnings ratio of 9.80 and a beta of 2.10.

SandRidge Energy (NYSE:SDGet Free Report) last released its earnings results 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). The business 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date was Friday, November 15th. SandRidge Energy’s dividend payout ratio (DPR) is 34.38%.

SandRidge Energy Profile

(Free Report)

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.

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Institutional Ownership by Quarter for SandRidge Energy (NYSE:SD)

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