LSV Asset Management Acquires 102,268 Shares of SandRidge Energy, Inc. $SD

LSV Asset Management lifted its holdings in shares of SandRidge Energy, Inc. (NYSE:SD) by 126.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 182,868 shares of the oil and natural gas company’s stock after acquiring an additional 102,268 shares during the period. LSV Asset Management owned approximately 0.50% of SandRidge Energy worth $2,639,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in SD. Tower Research Capital LLC TRC increased its position in shares of SandRidge Energy by 92.8% during the second quarter. Tower Research Capital LLC TRC now owns 3,852 shares of the oil and natural gas company’s stock worth $42,000 after acquiring an additional 1,854 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of SandRidge Energy by 391.0% during the fourth quarter. State of Alaska Department of Revenue now owns 6,604 shares of the oil and natural gas company’s stock worth $94,000 after acquiring an additional 5,259 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of SandRidge Energy by 11.1% during the third quarter. NewEdge Advisors LLC now owns 10,000 shares of the oil and natural gas company’s stock worth $113,000 after acquiring an additional 1,000 shares in the last quarter. Independent Advisor Alliance bought a new stake in shares of SandRidge Energy during the third quarter worth about $114,000. Finally, Quadrant Capital Group LLC bought a new stake in shares of SandRidge Energy during the third quarter worth about $123,000. 61.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on SD. Wall Street Zen raised shares of SandRidge Energy from a “hold” rating to a “buy” rating in a research report on Monday. Weiss Ratings raised shares of SandRidge Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 6th. Finally, Freedom Capital raised shares of SandRidge Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 19th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, SandRidge Energy presently has a consensus rating of “Moderate Buy”.

SandRidge Energy Stock Performance

Shares of SD stock opened at $14.74 on Wednesday. SandRidge Energy, Inc. has a 52-week low of $9.57 and a 52-week high of $18.45. The company has a 50-day simple moving average of $15.55 and a two-hundred day simple moving average of $15.36. The company has a market capitalization of $544.17 million, a price-to-earnings ratio of 7.19 and a beta of 0.56.

SandRidge Energy (NYSE:SD) last issued its quarterly earnings data on Wednesday, May 6th. The oil and natural gas company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.18. SandRidge Energy had a net margin of 46.37% and a return on equity of 12.31%. The business had revenue of $49.78 million during the quarter, compared to the consensus estimate of $45.00 million.

SandRidge Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 20th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Wednesday, May 20th. This is a positive change from SandRidge Energy’s previous quarterly dividend of $0.12. SandRidge Energy’s payout ratio is currently 25.37%.

SandRidge Energy Company Profile

SandRidge Energy, Inc (NYSE: SD) is an independent exploration and production company focused on the development of onshore oil and natural gas resources in the United States. The company concentrates its operations primarily in the Anadarko Basin, applying horizontal drilling and multi-stage hydraulic fracturing techniques to exploit unconventional reservoirs. SandRidge’s asset portfolio includes both crude oil and natural gas liquids, complemented by associated gas production, with infrastructure investments designed to optimize midstream availability and enhance capital efficiency.

Founded in 2006 by industry veteran Tom L.