SandRidge Energy, Inc. (NYSE:SD) Shares Sold by First Wilshire Securities Management Inc.

First Wilshire Securities Management Inc. cut its stake in shares of SandRidge Energy, Inc. (NYSE:SD) by 4.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,177,590 shares of the oil and natural gas company’s stock after selling 51,081 shares during the period. SandRidge Energy accounts for 5.2% of First Wilshire Securities Management Inc.’s holdings, making the stock its 4th largest position. First Wilshire Securities Management Inc.’s holdings in SandRidge Energy were worth $16,098,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Copeland Capital Management LLC bought a new position in shares of SandRidge Energy during the fourth quarter worth approximately $27,000. Quantbot Technologies LP bought a new position in shares of SandRidge Energy during the third quarter worth approximately $103,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of SandRidge Energy by 114.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,113 shares of the oil and natural gas company’s stock worth $111,000 after purchasing an additional 4,325 shares during the period. Quest Partners LLC bought a new position in SandRidge Energy in the fourth quarter valued at approximately $205,000. Finally, WINTON GROUP Ltd bought a new position in SandRidge Energy in the third quarter valued at approximately $228,000. 61.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, TheStreet cut shares of SandRidge Energy from a “b” rating to a “c+” rating in a research note on Wednesday, March 6th.

SandRidge Energy Stock Up 2.4 %

Shares of NYSE SD traded up $0.33 during midday trading on Friday, reaching $13.96. 100,259 shares of the company were exchanged, compared to its average volume of 406,276. The stock’s 50-day moving average price is $14.20 and its 200-day moving average price is $13.85. The stock has a market cap of $518.20 million, a P/E ratio of 10.48 and a beta of 2.16. SandRidge Energy, Inc. has a one year low of $11.51 and a one year high of $17.19.

SandRidge Energy (NYSE:SD) last issued its quarterly earnings results on Tuesday, May 7th. The oil and natural gas company reported $0.23 EPS for the quarter. The company had revenue of $30.28 million for the quarter. SandRidge Energy had a net margin of 35.52% and a return on equity of 11.41%.

SandRidge Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be issued a dividend of $0.11 per share. The ex-dividend date is Thursday, May 16th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.15%. SandRidge Energy’s dividend payout ratio (DPR) is presently 33.85%.

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.