Cubist Systematic Strategies LLC Purchases Shares of 68,519 SandRidge Energy, Inc. (NYSE:SD)

Cubist Systematic Strategies LLC purchased a new position in shares of SandRidge Energy, Inc. (NYSE:SD - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 68,519 shares of the oil and natural gas company's stock, valued at approximately $802,000. Cubist Systematic Strategies LLC owned 0.18% of SandRidge Energy at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Quarry LP acquired a new stake in SandRidge Energy in the fourth quarter valued at approximately $41,000. NewEdge Advisors LLC raised its holdings in SandRidge Energy by 100.0% during the fourth quarter. NewEdge Advisors LLC now owns 9,000 shares of the oil and natural gas company's stock worth $105,000 after buying an additional 4,500 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of SandRidge Energy by 2,650.1% in the fourth 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 buying an additional 10,733 shares in the last quarter. Fox Run Management L.L.C. bought a new position in shares of SandRidge Energy in the fourth quarter valued at $132,000. Finally, Commonwealth Equity Services LLC acquired a new position in shares of SandRidge Energy during the fourth quarter valued at about $148,000. 61.84% of the stock is owned by institutional investors.

SandRidge Energy Trading Up 0.8%

Shares of SD traded up $0.08 on Tuesday, reaching $10.02. The company's stock had a trading volume of 62,470 shares, compared to its average volume of 300,430. SandRidge Energy, Inc. has a twelve month low of $8.81 and a twelve month high of $14.04. The stock has a market capitalization of $367.42 million, a PE ratio of 7.84 and a beta of 0.84. The firm has a fifty day moving average of $10.18 and a 200-day moving average of $11.17.

SandRidge Energy (NYSE:SD - Get Free Report) last released its quarterly earnings results 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 net margin of 39.25% and a return on equity of 7.92%. The company had revenue of $42.60 million during the quarter, compared to analysts' expectations of $43.32 million.

SandRidge Energy Dividend Announcement

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 issued a $0.11 dividend. The ex-dividend date is Monday, May 19th. This represents a $0.44 annualized dividend and a dividend yield of 4.39%. SandRidge Energy's dividend payout ratio is currently 25.14%.

SandRidge Energy Company 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.