SandRidge Energy, Inc. (NYSE:SD) Shares Sold by Soviero Asset Management LP

Soviero Asset Management LP cut its stake in shares of SandRidge Energy, Inc. (NYSE:SD - Free Report) by 21.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 288,657 shares of the oil and natural gas company's stock after selling 78,825 shares during the period. SandRidge Energy makes up 2.1% of Soviero Asset Management LP's investment portfolio, making the stock its 20th biggest holding. Soviero Asset Management LP owned 0.78% of SandRidge Energy worth $3,380,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Squarepoint Ops LLC increased its position in SandRidge Energy by 20.7% during the 4th quarter. Squarepoint Ops LLC now owns 43,908 shares of the oil and natural gas company's stock worth $514,000 after purchasing an additional 7,534 shares during the period. State of Wyoming increased its position in SandRidge Energy by 57.0% during the 4th quarter. State of Wyoming now owns 18,610 shares of the oil and natural gas company's stock worth $218,000 after purchasing an additional 6,757 shares during the period. Rafferty Asset Management LLC increased its position in SandRidge Energy by 21.5% during the 4th quarter. Rafferty Asset Management LLC now owns 36,803 shares of the oil and natural gas company's stock worth $431,000 after purchasing an additional 6,519 shares during the period. Point72 Asset Management L.P. acquired a new position in SandRidge Energy during the 4th quarter worth approximately $86,000. Finally, Man Group plc increased its position in SandRidge Energy by 88.9% during the 4th quarter. Man Group plc now owns 193,711 shares of the oil and natural gas company's stock worth $2,268,000 after purchasing an additional 91,183 shares during the period. 61.84% of the stock is owned by hedge funds and other institutional investors.

SandRidge Energy Price Performance

NYSE SD traded down $0.11 on Thursday, hitting $9.73. 214,910 shares of the company's stock were exchanged, compared to its average volume of 301,950. The firm has a market cap of $356.78 million, a price-to-earnings ratio of 7.60 and a beta of 0.84. The firm's 50-day moving average price is $10.12 and its two-hundred day moving average price is $11.16. SandRidge Energy, Inc. has a fifty-two week low of $8.81 and a fifty-two week high of $14.04.

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 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.04). The firm had revenue of $42.60 million during the quarter, compared to analyst estimates of $43.32 million. SandRidge Energy had a return on equity of 7.92% and a net margin of 39.25%.

SandRidge Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date of this dividend is Monday, May 19th. 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.