JPMorgan Chase & Co. Acquires 4,868 Shares of SandRidge Energy, Inc. (NYSE:SD)

JPMorgan Chase & Co. boosted its stake in SandRidge Energy, Inc. (NYSE:SD) by 8.6% in the third quarter, HoldingsChannel.com reports. The firm owned 61,420 shares of the oil and natural gas company’s stock after buying an additional 4,868 shares during the period. JPMorgan Chase & Co.’s holdings in SandRidge Energy were worth $751,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of SD. Quarry LP bought a new position in shares of SandRidge Energy during the second quarter worth about $25,000. Copeland Capital Management LLC bought a new position in SandRidge Energy during the 3rd quarter worth approximately $36,000. nVerses Capital LLC raised its holdings in SandRidge Energy by 57.9% during the 3rd quarter. nVerses Capital LLC now owns 3,000 shares of the oil and natural gas company’s stock worth $37,000 after purchasing an additional 1,100 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of SandRidge Energy by 6.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,496 shares of the oil and natural gas company’s stock worth $162,000 after purchasing an additional 756 shares during the period. Finally, Quantinno Capital Management LP bought a new stake in shares of SandRidge Energy in the 3rd quarter valued at $186,000. 61.84% of the stock is owned by institutional investors.

SandRidge Energy Stock Down 0.4 %

SD opened at $12.27 on Monday. The stock has a market cap of $456.76 million, a PE ratio of 9.59 and a beta of 2.10. SandRidge Energy, Inc. has a twelve month low of $10.31 and a twelve month high of $15.31. The company has a fifty day moving average of $11.64 and a 200-day moving average of $12.14.

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

SandRidge Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a $0.11 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.44 dividend on an annualized basis and a yield of 3.58%. SandRidge Energy’s payout ratio is currently 34.38%.

About SandRidge Energy

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.