AlphaQuest LLC Increases Stock Position in SandRidge Energy, Inc. $SD

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 boosted its stake in SandRidge Energy, Inc. (NYSE:SD - Free Report) by 167.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,655 shares of the oil and natural gas company's stock after purchasing an additional 46,734 shares during the quarter. AlphaQuest LLC owned about 0.20% of SandRidge Energy worth $853,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. D. E. Shaw & Co. Inc. purchased a new position in shares of SandRidge Energy during the fourth quarter worth approximately $1,248,000. Millennium Management LLC raised its stake in shares of SandRidge Energy by 90.7% during the fourth quarter. Millennium Management LLC now owns 171,442 shares of the oil and natural gas company's stock worth $2,008,000 after acquiring an additional 81,560 shares in the last quarter. Nuveen Asset Management LLC raised its stake in shares of SandRidge Energy by 281.7% during the fourth quarter. Nuveen Asset Management LLC now owns 304,067 shares of the oil and natural gas company's stock worth $3,561,000 after acquiring an additional 224,410 shares in the last quarter. Rhumbline Advisers raised its stake in shares of SandRidge Energy by 1.9% during the first quarter. Rhumbline Advisers now owns 77,536 shares of the oil and natural gas company's stock worth $885,000 after acquiring an additional 1,421 shares in the last quarter. Finally, Azarias Capital Management L.P. purchased a new position in shares of SandRidge Energy during the first quarter worth approximately $816,000. 61.84% of the stock is owned by hedge funds and other institutional investors.

SandRidge Energy Stock Performance

SD stock opened at $11.7730 on Monday. The company has a market capitalization of $432.66 million, a PE ratio of 5.77 and a beta of 0.95. SandRidge Energy, Inc. has a one year low of $8.81 and a one year high of $13.72. The company's 50 day moving average price is $10.86 and its two-hundred day moving average price is $10.71.

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

SandRidge Energy Increases Dividend

The firm also recently announced 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 is a boost from SandRidge Energy's previous quarterly dividend of $0.11. The ex-dividend date is Monday, September 22nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.1%. SandRidge Energy's dividend payout ratio (DPR) is presently 21.57%.

Insider Activity at SandRidge Energy

In related news, Director Vincent J. Intrieri purchased 25,000 shares of the stock in a transaction dated Monday, August 18th. The stock was purchased at an average price of $10.96 per share, with a total value of $274,000.00. Following the transaction, the director directly owned 46,976 shares in the company, valued at $514,856.96. This trade represents a 113.76% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.50% of the company's stock.

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.

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