Empowered Funds LLC Lowers Holdings in SandRidge Energy, Inc. (NYSE:SD)

Empowered Funds LLC reduced its position in shares of SandRidge Energy, Inc. (NYSE:SD) by 41.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,015 shares of the oil and natural gas company’s stock after selling 90,382 shares during the period. Empowered Funds LLC owned approximately 0.35% of SandRidge Energy worth $1,590,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Royce & Associates LP grew its position in SandRidge Energy by 279.4% during the third quarter. Royce & Associates LP now owns 621,244 shares of the oil and natural gas company’s stock worth $7,598,000 after buying an additional 457,500 shares in the last quarter. Cornercap Investment Counsel Inc. bought a new stake in shares of SandRidge Energy during the 3rd quarter valued at about $248,000. Victory Capital Management Inc. grew its holdings 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 in the last quarter. Assenagon Asset Management S.A. increased its position in shares of SandRidge Energy by 62.6% in the third quarter. Assenagon Asset Management S.A. now owns 133,952 shares of the oil and natural gas company’s stock worth $1,638,000 after purchasing an additional 51,583 shares during the last quarter. Finally, Copeland Capital Management LLC purchased a new stake in SandRidge Energy in the third quarter valued at approximately $36,000. Institutional investors own 61.84% of the company’s stock.

SandRidge Energy Price Performance

SD stock opened at $11.75 on Friday. The firm has a 50 day simple moving average of $11.83 and a two-hundred day simple moving average of $12.69. The stock has a market cap of $437.22 million, a PE ratio of 9.18 and a beta of 2.10. SandRidge Energy, Inc. has a one year low of $10.94 and a one year high of $15.31.

SandRidge Energy (NYSE:SD) last announced its earnings results on Wednesday, November 6th. The oil and natural gas company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.08). SandRidge Energy had a return on equity of 7.92% and a net margin of 39.25%. The company had revenue of $30.06 million during the quarter.

SandRidge Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date is Friday, November 15th. SandRidge Energy’s payout ratio is currently 34.38%.

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.