SandRidge Energy, Inc. $SD Shares Acquired by AlphaQuest LLC

Key Points

• AlphaQuest LLC increased its stake in SandRidge Energy, Inc. by 167.4% in the first quarter, bringing its total to 74,655 shares valued at approximately $853,000.
• SandRidge Energy announced a quarterly dividend of $0.12 per share, which is an increase from the previous dividend of $0.11, resulting in an annualized dividend yield of 4.1%.
• SandRidge Energy reported earnings of $0.33 per share for the last quarter, exceeding the consensus estimate and showcasing a strong net margin of 51.77%.

AlphaQuest LLC raised its stake in shares of SandRidge Energy, Inc. (NYSE:SD - Free Report) by 167.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 74,655 shares of the oil and natural gas company's stock after buying an additional 46,734 shares during the quarter. AlphaQuest LLC owned about 0.20% of SandRidge Energy worth $853,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SD. Nuveen LLC acquired a new stake in SandRidge Energy during the 1st quarter valued at $2,932,000. Nuveen Asset Management LLC grew its holdings in SandRidge Energy by 281.7% during the 4th quarter. Nuveen Asset Management LLC now owns 304,067 shares of the oil and natural gas company's stock valued at $3,561,000 after buying an additional 224,410 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in SandRidge Energy during the 4th quarter valued at $1,876,000. D. E. Shaw & Co. Inc. acquired a new stake in SandRidge Energy during the 4th quarter valued at $1,248,000. Finally, Royce & Associates LP grew its holdings in SandRidge Energy by 8.6% during the 1st quarter. Royce & Associates LP now owns 1,188,526 shares of the oil and natural gas company's stock valued at $13,573,000 after buying an additional 93,740 shares during the last quarter. Institutional investors and hedge funds own 61.84% of the company's stock.

Insider Activity

In other SandRidge Energy news, Director Vincent J. Intrieri acquired 25,000 shares of the firm's stock in a transaction dated Monday, August 18th. The shares were acquired at an average price of $10.96 per share, for a total transaction of $274,000.00. Following the completion of the acquisition, the director directly owned 46,976 shares of the company's stock, valued at $514,856.96. This trade represents a 113.76% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.50% of the stock is owned by company insiders.

SandRidge Energy Price Performance

NYSE:SD traded down $0.01 during trading hours on Friday, reaching $11.87. 172,726 shares of the company traded hands, compared to its average volume of 324,253. The firm's 50-day moving average is $10.84 and its 200-day moving average is $10.70. The stock has a market cap of $436.04 million, a P/E ratio of 5.82 and a beta of 0.95. SandRidge Energy, Inc. has a 1-year low of $8.81 and a 1-year high of $13.52.

SandRidge Energy (NYSE:SD - Get Free Report) last announced its earnings results on Wednesday, August 6th. The oil and natural gas company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.04. The firm had revenue of $34.53 million for the quarter, compared to analysts' expectations of $37.30 million. SandRidge Energy had a return on equity of 10.05% and a net margin of 51.77%.

SandRidge Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 22nd will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 4.0%. This is a positive change from SandRidge Energy's previous quarterly dividend of $0.11. The ex-dividend date is Monday, September 22nd. SandRidge Energy's payout ratio is 21.57%.

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.