SandRidge Energy, Inc. $SD Stake Raised by First Wilshire Securities Management Inc.

First Wilshire Securities Management Inc. increased its holdings in shares of SandRidge Energy, Inc. (NYSE:SD) by 5.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,400,977 shares of the oil and natural gas company’s stock after purchasing an additional 69,093 shares during the period. SandRidge Energy accounts for about 5.1% of First Wilshire Securities Management Inc.’s investment portfolio, making the stock its 5th biggest holding. First Wilshire Securities Management Inc.’s holdings in SandRidge Energy were worth $20,216,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its stake in SandRidge Energy by 92.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,852 shares of the oil and natural gas company’s stock worth $42,000 after buying an additional 1,854 shares during the period. State of Alaska Department of Revenue increased its stake in SandRidge Energy by 391.0% during the 4th 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 buying an additional 5,259 shares during the period. NewEdge Advisors LLC increased its position in shares of SandRidge Energy by 11.1% in the 3rd quarter. NewEdge Advisors LLC now owns 10,000 shares of the oil and natural gas company’s stock valued at $113,000 after purchasing an additional 1,000 shares during the last quarter. Quadrant Capital Group LLC purchased a new stake in shares of SandRidge Energy in the 3rd quarter valued at approximately $123,000. Finally, GSA Capital Partners LLP increased its position in shares of SandRidge Energy by 15.3% in the 3rd quarter. GSA Capital Partners LLP now owns 13,113 shares of the oil and natural gas company’s stock valued at $148,000 after purchasing an additional 1,738 shares during the last quarter. 61.84% of the stock is owned by hedge funds and other institutional investors.

SandRidge Energy Price Performance

NYSE SD opened at $14.80 on Friday. The firm’s fifty day moving average price is $15.12 and its 200 day moving average price is $15.46. The company has a market capitalization of $546.38 million, a price-to-earnings ratio of 7.22 and a beta of 0.54. SandRidge Energy, Inc. has a 12 month low of $9.89 and a 12 month high of $18.45.

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

SandRidge Energy Increases Dividend

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

Analyst Upgrades and Downgrades

SD has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of SandRidge Energy in a research report on Wednesday, June 3rd. Wall Street Zen raised shares of SandRidge Energy from a “hold” rating to a “buy” rating in a research report on Monday, May 25th. 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 analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

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.