Sanctuary Advisors LLC Acquires 3,451 Shares of SandRidge Energy, Inc. (NYSE:SD)

Sanctuary Advisors LLC boosted its holdings in shares of SandRidge Energy, Inc. (NYSE:SD) by 9.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 39,895 shares of the oil and natural gas company’s stock after acquiring an additional 3,451 shares during the quarter. Sanctuary Advisors LLC’s holdings in SandRidge Energy were worth $483,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. nVerses Capital LLC purchased a new position in shares of SandRidge Energy in the 2nd quarter valued at $25,000. Privium Fund Management B.V. purchased a new position in SandRidge Energy in the second quarter valued at about $299,000. Victory Capital Management Inc. bought a new position in SandRidge Energy in the second quarter worth about $224,000. Koss Olinger Consulting LLC purchased a new stake in shares of SandRidge Energy during the second quarter valued at about $449,000. Finally, Wedbush Securities Inc. boosted its holdings in shares of SandRidge Energy by 45.0% in the 2nd quarter. Wedbush Securities Inc. now owns 19,208 shares of the oil and natural gas company’s stock valued at $248,000 after buying an additional 5,960 shares in the last quarter. Institutional investors own 61.84% of the company’s stock.

SandRidge Energy Stock Up 1.8 %

NYSE SD opened at $10.69 on Thursday. The firm has a market cap of $397.82 million, a PE ratio of 8.35 and a beta of 2.13. SandRidge Energy, Inc. has a 52 week low of $10.31 and a 52 week high of $15.31. The company has a 50 day moving average price of $11.37 and a 200 day moving average price of $12.28.

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). The business had revenue of $30.06 million for the quarter. SandRidge Energy had a net margin of 39.25% and a return on equity of 7.92%.

SandRidge Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 4.12%. The ex-dividend date was Friday, November 15th. 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.