SandRidge Energy, Inc. (NYSE:SD) Shares Bought by Denali Advisors LLC

Posted by Donald Scott on Sep 17th, 2024

Denali Advisors LLC raised its holdings in SandRidge Energy, Inc. (NYSE:SD – Free Report) by 69.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 292,800 shares of the oil and natural gas company’s stock after acquiring an additional 120,000 shares during the quarter. Denali Advisors LLC owned 0.79% of SandRidge Energy worth $3,786,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of SD. Price T Rowe Associates Inc. MD raised its holdings in SandRidge Energy by 3.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 39,882 shares of the oil and natural gas company’s stock worth $582,000 after buying an additional 1,172 shares during the period. nVerses Capital LLC acquired a new stake in SandRidge Energy during the 2nd quarter worth about $25,000. Klein Pavlis & Peasley Financial Inc. raised its holdings in SandRidge Energy by 4.5% during the 2nd quarter. Klein Pavlis & Peasley Financial Inc. now owns 89,852 shares of the oil and natural gas company’s stock worth $1,162,000 after buying an additional 3,884 shares during the period. Dimensional Fund Advisors LP raised its holdings in SandRidge Energy by 0.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,256,320 shares of the oil and natural gas company’s stock worth $16,244,000 after buying an additional 4,881 shares during the period. Finally, Wedbush Securities Inc. raised its holdings in SandRidge Energy by 45.0% during the 2nd quarter. Wedbush Securities Inc. now owns 19,208 shares of the oil and natural gas company’s stock worth $248,000 after buying an additional 5,960 shares during the period. 61.84% of the stock is owned by institutional investors and hedge funds.

SandRidge Energy Trading Up 1.2 %

NYSE SD opened at $11.90 on Tuesday. The stock’s 50-day moving average price is $12.92 and its two-hundred day moving average price is $13.47. The company has a market cap of $442.44 million, a PE ratio of 9.15 and a beta of 2.09. SandRidge Energy, Inc. has a 1 year low of $11.51 and a 1 year high of $16.60.

SandRidge Energy (NYSE:SD – Get Free Report) last issued its earnings results on Wednesday, August 7th. The oil and natural gas company reported $0.17 earnings per share for the quarter. The company had revenue of $25.98 million for the quarter. SandRidge Energy had a return on equity of 9.88% and a net margin of 31.47%.

SandRidge Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were issued a $0.11 dividend. The ex-dividend date was Friday, August 16th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.70%. SandRidge Energy’s dividend payout ratio is 33.85%.

About SandRidge Energy

(Free Report)

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.