LSV Asset Management Buys 102,268 Shares of SandRidge Energy, Inc. $SD

LSV Asset Management grew its stake in shares of SandRidge Energy, Inc. (NYSE:SD) by 126.9% in the fourth quarter, Holdings Channel reports. The fund owned 182,868 shares of the oil and natural gas company’s stock after acquiring an additional 102,268 shares during the quarter. LSV Asset Management’s holdings in SandRidge Energy were worth $2,639,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Denali Advisors LLC grew its position in shares of SandRidge Energy by 21.2% during the 4th quarter. Denali Advisors LLC now owns 405,993 shares of the oil and natural gas company’s stock valued at $5,858,000 after acquiring an additional 71,093 shares during the period. UBS Group AG grew its position in shares of SandRidge Energy by 92.3% during the 4th quarter. UBS Group AG now owns 148,696 shares of the oil and natural gas company’s stock valued at $2,146,000 after acquiring an additional 71,357 shares during the period. Sanctuary Advisors LLC grew its position in shares of SandRidge Energy by 9.1% during the 4th quarter. Sanctuary Advisors LLC now owns 11,867 shares of the oil and natural gas company’s stock valued at $171,000 after acquiring an additional 994 shares during the period. Lakewood Asset Management LLC grew its position in shares of SandRidge Energy by 8.0% during the 4th quarter. Lakewood Asset Management LLC now owns 24,724 shares of the oil and natural gas company’s stock valued at $357,000 after acquiring an additional 1,824 shares during the period. Finally, CWM LLC grew its position in shares of SandRidge Energy by 26.8% during the 4th quarter. CWM LLC now owns 17,311 shares of the oil and natural gas company’s stock valued at $250,000 after acquiring an additional 3,657 shares during the period. 61.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on SD shares. Freedom Capital raised shares of SandRidge Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 19th. Weiss Ratings raised shares of SandRidge Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 6th. Finally, Wall Street Zen raised shares of SandRidge Energy from a “hold” rating to a “buy” rating in a research report on Monday. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

SandRidge Energy Trading Down 3.7%

Shares of SD stock opened at $14.74 on Wednesday. The stock has a market capitalization of $544.17 million, a P/E ratio of 7.19 and a beta of 0.56. The firm’s 50 day moving average is $15.55 and its 200 day moving average is $15.36. SandRidge Energy, Inc. has a 12 month low of $9.57 and a 12 month high of $18.45.

SandRidge Energy (NYSE:SD) last announced its quarterly 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 company had revenue of $49.78 million for the quarter, compared to analysts’ expectations 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 firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 20th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Wednesday, May 20th. This is an increase from SandRidge Energy’s previous quarterly dividend of $0.12. SandRidge Energy’s dividend payout ratio is currently 25.37%.

About SandRidge Energy

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.