SandRidge Energy, Inc. (NYSE:SD) Stake Lessened by Two Sigma Investments LP

Two Sigma Investments LP trimmed its position in shares of SandRidge Energy, Inc. (NYSE:SD - Free Report) by 26.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 138,440 shares of the oil and natural gas company's stock after selling 49,852 shares during the period. Two Sigma Investments LP owned approximately 0.37% of SandRidge Energy worth $1,621,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. State of Wyoming increased its holdings in shares of 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 buying an additional 6,757 shares during the last quarter. Rafferty Asset Management LLC boosted 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. purchased a new stake in SandRidge Energy during the 4th quarter worth $86,000. Man Group plc boosted 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. Finally, Nuveen Asset Management LLC boosted its position 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 worth $3,561,000 after purchasing an additional 224,410 shares during the period. 61.84% of the stock is currently owned by institutional investors and hedge funds.

SandRidge Energy Stock Performance

SandRidge Energy stock traded down $0.00 during trading on Thursday, reaching $10.38. 323,061 shares of the company's stock were exchanged, compared to its average volume of 305,573. The company's 50-day moving average is $9.81 and its two-hundred day moving average is $11.04. SandRidge Energy, Inc. has a 52-week low of $8.81 and a 52-week high of $14.04. The firm has a market cap of $380.66 million, a price-to-earnings ratio of 8.11 and a beta of 0.91.

SandRidge Energy (NYSE:SD - Get Free Report) last announced 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). SandRidge Energy had a return on equity of 7.92% and a net margin of 39.25%. The business had revenue of $42.60 million for the quarter, compared to analysts' expectations of $43.32 million.

SandRidge Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were given a $0.11 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $0.44 dividend on an annualized basis and a yield of 4.24%. SandRidge Energy's 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.