Franklin Resources Inc. Lowers Stock Holdings in SandRidge Energy, Inc. (NYSE:SD)

Franklin Resources Inc. lowered its position in shares of SandRidge Energy, Inc. (NYSE:SD) by 66.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 17,959 shares of the oil and natural gas company’s stock after selling 35,806 shares during the period. Franklin Resources Inc.’s holdings in SandRidge Energy were worth $210,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SD. Royce & Associates LP increased its position in shares of SandRidge Energy by 76.2% in the fourth quarter. Royce & Associates LP now owns 1,094,786 shares of the oil and natural gas company’s stock worth $12,820,000 after purchasing an additional 473,542 shares during the last quarter. American Century Companies Inc. grew its stake in SandRidge Energy by 9.6% in the 4th quarter. American Century Companies Inc. now owns 958,573 shares of the oil and natural gas company’s stock worth $11,225,000 after buying an additional 84,263 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of SandRidge Energy by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 742,169 shares of the oil and natural gas company’s stock worth $9,079,000 after buying an additional 11,300 shares during the last quarter. Bank of New York Mellon Corp increased its holdings 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 worth $6,798,000 after buying an additional 92,950 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of SandRidge Energy during the 4th quarter valued at $1,876,000. Institutional investors own 61.84% of the company’s stock.

SandRidge Energy Stock Performance

NYSE SD opened at $9.62 on Friday. The company has a market capitalization of $357.33 million, a P/E ratio of 7.52 and a beta of 1.66. SandRidge Energy, Inc. has a 52-week low of $8.81 and a 52-week high of $14.85. The company has a fifty day moving average of $11.03 and a 200-day moving average of $11.49.

SandRidge Energy (NYSE:SD) last posted its quarterly earnings data on Monday, March 10th. The oil and natural gas company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.14). The firm had revenue of $38.97 million during the quarter, compared to analysts’ expectations 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 firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 4.57%. The ex-dividend date was Thursday, March 20th. SandRidge Energy’s dividend payout ratio (DPR) is presently 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.