Charles Schwab Investment Management Inc. Has $3.03 Million Stock Holdings in SandRidge Energy, Inc. (NYSE:SD)

Charles Schwab Investment Management Inc. lowered its stake in SandRidge Energy, Inc. (NYSE:SD) by 1.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 258,805 shares of the oil and natural gas company’s stock after selling 4,199 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in SandRidge Energy were worth $3,031,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Quantinno Capital Management LP bought a new position in shares of SandRidge Energy in the 3rd quarter valued at about $186,000. BNP Paribas Financial Markets grew its holdings in SandRidge Energy by 34.0% during the third quarter. BNP Paribas Financial Markets now owns 23,502 shares of the oil and natural gas company’s stock worth $287,000 after purchasing an additional 5,967 shares during the period. Lavaca Capital LLC acquired a new position in SandRidge Energy during the third quarter worth approximately $306,000. Exchange Traded Concepts LLC increased its position in SandRidge Energy by 10.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 27,570 shares of the oil and natural gas company’s stock worth $323,000 after buying an additional 2,634 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in SandRidge Energy by 90.7% in the third quarter. Victory Capital Management Inc. now owns 33,019 shares of the oil and natural gas company’s stock valued at $404,000 after buying an additional 15,702 shares during the period. Institutional investors own 61.84% of the company’s stock.

SandRidge Energy Trading Up 1.8 %

Shares of NYSE SD opened at $11.56 on Friday. The company has a market capitalization of $429.21 million, a P/E ratio of 9.03 and a beta of 2.03. SandRidge Energy, Inc. has a 12 month low of $10.31 and a 12 month high of $15.31. The stock has a 50 day moving average of $11.82 and a 200-day moving average of $11.74.

SandRidge Energy (NYSE:SD) last released its quarterly earnings data on Monday, March 10th. The oil and natural gas company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.14). The company had revenue of $38.97 million for the quarter, compared to the consensus estimate of $50.27 million. SandRidge Energy had a return on equity of 7.92% and a net margin of 39.25%.

SandRidge Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 20th will be paid a $0.11 dividend. The ex-dividend date is Thursday, March 20th. This represents a $0.44 dividend on an annualized basis and a yield of 3.81%. SandRidge Energy’s dividend payout ratio (DPR) is currently 25.88%.

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.