Inlight Wealth Management LLC Buys New Shares in SandRidge Energy, Inc. (NYSE:SD)

Inlight Wealth Management LLC bought a new position in shares of SandRidge Energy, Inc. (NYSE:SD) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 46,997 shares of the oil and natural gas company’s stock, valued at approximately $550,000. Inlight Wealth Management LLC owned approximately 0.13% of SandRidge Energy as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fox Run Management L.L.C. acquired a new position in shares of SandRidge Energy in the 4th quarter valued at $132,000. Commonwealth Equity Services LLC acquired a new position in SandRidge Energy in the fourth quarter worth about $148,000. Diametric Capital LP bought a new position in SandRidge Energy during the fourth quarter worth about $185,000. Quantinno Capital Management LP bought a new position in SandRidge Energy during the third quarter worth about $186,000. Finally, Dynamic Technology Lab Private Ltd boosted its holdings in SandRidge Energy by 3.7% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 24,397 shares of the oil and natural gas company’s stock valued at $286,000 after purchasing an additional 870 shares in the last quarter. 61.84% of the stock is currently owned by institutional investors.

SandRidge Energy Trading Down 7.2 %

Shares of SD opened at $9.20 on Friday. The stock has a market cap of $341.77 million, a PE ratio of 7.19 and a beta of 1.66. SandRidge Energy, Inc. has a 1 year low of $8.81 and a 1 year high of $15.31. The stock has a 50 day simple moving average of $11.35 and a 200-day simple moving average of $11.59.

SandRidge Energy (NYSE:SD) last released 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 the consensus estimate of $0.48 by ($0.14). The company had revenue of $38.97 million for the quarter, compared to analyst estimates 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 company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date was Thursday, March 20th. SandRidge Energy’s dividend payout ratio (DPR) is currently 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.