SandRidge Energy, Inc. $SD Shares Sold by Klein Pavlis & Peasley Financial Inc.

Klein Pavlis & Peasley Financial Inc. cut its holdings in shares of SandRidge Energy, Inc. (NYSE:SD) by 32.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 67,779 shares of the oil and natural gas company’s stock after selling 33,167 shares during the quarter. Klein Pavlis & Peasley Financial Inc. owned about 0.18% of SandRidge Energy worth $978,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. PNC Financial Services Group Inc. raised its holdings in shares of SandRidge Energy by 2,011.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,632 shares of the oil and natural gas company’s stock worth $39,000 after purchasing an additional 3,460 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of SandRidge Energy by 92.8% during the second quarter. Tower Research Capital LLC TRC now owns 3,852 shares of the oil and natural gas company’s stock worth $42,000 after purchasing an additional 1,854 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in SandRidge Energy by 11.1% in the 3rd quarter. NewEdge Advisors LLC now owns 10,000 shares of the oil and natural gas company’s stock worth $113,000 after buying an additional 1,000 shares in the last quarter. Independent Advisor Alliance acquired a new position in shares of SandRidge Energy in the third quarter worth about $114,000. Finally, Quadrant Capital Group LLC acquired a new position in shares of SandRidge Energy in the 3rd quarter valued at approximately $123,000. Hedge funds and other institutional investors own 61.84% of the company’s stock.

SandRidge Energy Stock Performance

Shares of NYSE:SD opened at $17.13 on Friday. The stock has a market capitalization of $631.05 million, a price-to-earnings ratio of 9.02 and a beta of 0.55. The company has a 50 day moving average price of $16.61 and a 200 day moving average price of $14.32. SandRidge Energy, Inc. has a 1-year low of $8.81 and a 1-year high of $18.45.

SandRidge Energy (NYSE:SD) last announced its earnings results on Wednesday, March 4th. The oil and natural gas company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). The company had revenue of $39.40 million for the quarter, compared to analyst estimates of $43.70 million. SandRidge Energy had a return on equity of 11.24% and a net margin of 44.90%.

SandRidge Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 20th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, March 20th. SandRidge Energy’s payout ratio is 25.26%.

Analysts Set New Price Targets

Several equities analysts have recently commented on SD shares. Wall Street Zen cut shares of SandRidge Energy from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Weiss Ratings upgraded SandRidge Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 6th. Finally, Freedom Capital downgraded SandRidge Energy from a “strong-buy” rating to a “strong sell” rating in a research report on Tuesday, March 10th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, SandRidge Energy currently has a consensus rating of “Hold”.

SandRidge Energy Profile

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.