Cubist Systematic Strategies LLC purchased a new position in SandRidge Energy, Inc. (NYSE:SD - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 68,519 shares of the oil and natural gas company's stock, valued at approximately $802,000. Cubist Systematic Strategies LLC owned approximately 0.18% of SandRidge Energy as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Quarry LP bought a new position in SandRidge Energy during the 4th quarter valued at about $41,000. NewEdge Advisors LLC increased its holdings in SandRidge Energy by 100.0% during the 4th quarter. NewEdge Advisors LLC now owns 9,000 shares of the oil and natural gas company's stock valued at $105,000 after purchasing an additional 4,500 shares in the last quarter. Tower Research Capital LLC TRC raised its position in SandRidge Energy by 2,650.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 11,138 shares of the oil and natural gas company's stock valued at $130,000 after purchasing an additional 10,733 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in SandRidge Energy in the fourth quarter worth $132,000. Finally, Commonwealth Equity Services LLC bought a new stake in shares of SandRidge Energy during the fourth quarter worth $148,000. 61.84% of the stock is owned by institutional investors and hedge funds.
SandRidge Energy Price Performance
Shares of NYSE:SD traded down $0.05 during midday trading on Friday, reaching $10.25. The company's stock had a trading volume of 226,263 shares, compared to its average volume of 301,495. The business's fifty day simple moving average is $10.21 and its 200-day simple moving average is $11.18. SandRidge Energy, Inc. has a fifty-two week low of $8.81 and a fifty-two week high of $14.04. The company has a market capitalization of $375.86 million, a P/E ratio of 8.00 and a beta of 0.84.
SandRidge Energy (NYSE:SD - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The oil and natural gas company reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.04). SandRidge Energy had a return on equity of 7.92% and a net margin of 39.25%. The company had revenue of $42.60 million for the quarter, compared to the consensus estimate of $43.32 million.
SandRidge Energy Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $0.44 annualized dividend and a dividend yield of 4.29%. SandRidge Energy's dividend payout ratio (DPR) is currently 25.14%.
About SandRidge Energy
(
Free Report)
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.
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