Koss Olinger Consulting LLC Purchases 7,793 Shares of SandRidge Energy, Inc. (NYSE:SD)

Koss Olinger Consulting LLC grew its position in shares of SandRidge Energy, Inc. (NYSE:SD) by 21.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 43,838 shares of the oil and natural gas company’s stock after purchasing an additional 7,793 shares during the quarter. Koss Olinger Consulting LLC’s holdings in SandRidge Energy were worth $513,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Royce & Associates LP increased its stake in shares of SandRidge Energy by 76.2% in the 4th quarter. Royce & Associates LP now owns 1,094,786 shares of the oil and natural gas company’s stock valued at $12,820,000 after acquiring an additional 473,542 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of SandRidge Energy in the 4th quarter valued at $1,876,000. Bank of New York Mellon Corp increased its stake in shares of SandRidge Energy by 19.1% in the 4th quarter. Bank of New York Mellon Corp now owns 580,529 shares of the oil and natural gas company’s stock valued at $6,798,000 after acquiring an additional 92,950 shares in the last quarter. Quest Partners LLC bought a new stake in shares of SandRidge Energy in the 3rd quarter valued at $522,000. Finally, Barclays PLC increased its stake in shares of SandRidge Energy by 87.3% in the 3rd quarter. Barclays PLC now owns 86,752 shares of the oil and natural gas company’s stock valued at $1,062,000 after acquiring an additional 40,427 shares in the last quarter. Institutional investors own 61.84% of the company’s stock.

SandRidge Energy Stock Up 1.4 %

NYSE:SD opened at $11.86 on Thursday. The company has a fifty day moving average of $11.94 and a 200-day moving average of $11.79. The firm has a market capitalization of $440.35 million, a P/E ratio of 9.26 and a beta of 2.03. SandRidge Energy, Inc. has a twelve month low of $10.31 and a twelve month high of $15.31.

SandRidge Energy (NYSE:SD) last announced its quarterly earnings results 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 business had revenue of $38.97 million for the quarter, compared to the consensus estimate of $50.27 million. SandRidge Energy had a net margin of 39.25% and a return on equity of 7.92%.

SandRidge Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.44 dividend on an annualized basis and a yield of 3.71%. SandRidge Energy’s dividend payout ratio (DPR) is presently 25.88%.

SandRidge Energy 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.