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Los Angelas, CA -- (SBWIRE) -- 03/04/2013 -- Lloyds Banking Group PLC (ADR) (NYSE:LYG) declared 2012 results showing group underlying profit up from £638 million to £2607 million and a net interest margin of 1.93%. Costs were cut by 5% and the group saw an improvement in credit quality with impairment charges down 42% to £5.7 billion. As a percentage of average advances impairment charges were down from 1.62% in 2011 to 1.02% in 2012. The bank set aside a total of £3.575 billion for mis-selling of payment protection insurance.
How To Trade LYG Now After The Recent Volatile Moves? Find Out Here
SandRidge Energy Inc. (NYSE:SD) declined 5.09% and closed at $5.41 on a traded volume of 29.71 million shares. SandRidge Energy, Inc. announced that it has closed the sale of its Permian Basin properties to Sheridan Holding Company II, LLC for total cash proceeds of $2.6 billion. The effective date of the sale is January 1, 2013. During the fourth quarter of 2012, the divested properties produced approximately 23 MBoe per day. The Company expects to use proceeds of the sale to reduce debt and for general corporate purposes.
Is SD Showing Any Sign of Buy At The Current Market Price? Find Out Here
Ultra Petroleum Corp. (NYSE:UPL) decreased 3.34% and closed at $16.49 on a traded volume of 5.01 million shares. So far this year, the stock is down over 9%. The 52-week range for the stock is $15.26 and $25.62. Ultra Petroleum Corp. is an independent oil and gas company. The Company is engaged in the development, production, operation, exploration and acquisition of oil and natural gas properties.
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Cimarex Energy Co (NYSE:XEC) went down 2.73% and closed at $65.47 on a traded volume of 1.06 million shares. The Board of Directors has declared a regular quarterly cash dividend on its common stock of 14 cents-per-share. The dividend is payable on June 3, 2013, to stockholders of record on May 15, 2013. The quarterly dividend was increased from 12 cents-per-share. This is the fourth consecutive year that the company has raised its cash dividend.
What Are XEC’s Charts Signaling For Traders? Find Out Here
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