UBS Group AG Acquires 71,357 Shares of SandRidge Energy, Inc. $SD

UBS Group AG increased its holdings in shares of SandRidge Energy, Inc. (NYSE:SD) by 92.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 148,696 shares of the oil and natural gas company’s stock after buying an additional 71,357 shares during the quarter. UBS Group AG owned 0.40% of SandRidge Energy worth $2,146,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Tower Research Capital LLC TRC lifted its position in shares of SandRidge Energy by 92.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,852 shares of the oil and natural gas company’s stock worth $42,000 after buying an additional 1,854 shares during the last quarter. State of Alaska Department of Revenue lifted its position in shares of SandRidge Energy by 391.0% during the 4th quarter. State of Alaska Department of Revenue now owns 6,604 shares of the oil and natural gas company’s stock worth $94,000 after buying an additional 5,259 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of SandRidge Energy by 11.1% during 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 during the last quarter. Independent Advisor Alliance bought a new stake in shares of SandRidge Energy during the 3rd quarter worth $114,000. Finally, Quadrant Capital Group LLC bought a new stake in shares of SandRidge Energy during the 3rd quarter worth $123,000. 61.84% of the stock is currently owned by institutional investors.

SandRidge Energy Trading Down 3.9%

SandRidge Energy stock opened at $14.17 on Thursday. The company has a market capitalization of $523.19 million, a PE ratio of 6.91 and a beta of 0.56. SandRidge Energy, Inc. has a 12 month low of $9.70 and a 12 month high of $18.45. The stock has a 50-day moving average price of $15.50 and a two-hundred day moving average price of $15.37.

SandRidge Energy (NYSE:SD) last posted its earnings results on Wednesday, May 6th. The oil and natural gas company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.41 by $0.18. The firm had revenue of $49.78 million during the quarter, compared to the consensus estimate of $45.00 million. SandRidge Energy had a return on equity of 12.31% and a net margin of 46.37%.

SandRidge Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 20th will be given a $0.13 dividend. This is a boost from SandRidge Energy’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 3.7%. The ex-dividend date is Wednesday, May 20th. SandRidge Energy’s dividend payout ratio is 25.37%.

Analysts Set New Price Targets

Several analysts recently weighed in on SD shares. Wall Street Zen upgraded SandRidge Energy from a “hold” rating to a “buy” rating in a research report on Monday. Weiss Ratings upgraded SandRidge Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 6th. Finally, Freedom Capital upgraded SandRidge Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 19th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

SandRidge Energy Company 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.