Two Sigma Investments LP Reduces Stake in SandRidge Energy, Inc. (NYSE:SD)

Two Sigma Investments LP trimmed its position in shares of SandRidge Energy, Inc. (NYSE:SD - Free Report) by 26.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 138,440 shares of the oil and natural gas company's stock after selling 49,852 shares during the quarter. Two Sigma Investments LP owned approximately 0.37% of SandRidge Energy worth $1,621,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of SD. Klein Pavlis & Peasley Financial Inc. lifted its holdings in shares of SandRidge Energy by 8.9% during the fourth quarter. Klein Pavlis & Peasley Financial Inc. now owns 97,112 shares of the oil and natural gas company's stock valued at $1,137,000 after purchasing an additional 7,947 shares during the last quarter. Empowered Funds LLC raised its holdings in SandRidge Energy by 5.1% in the 4th quarter. Empowered Funds LLC now owns 136,679 shares of the oil and natural gas company's stock worth $1,601,000 after acquiring an additional 6,664 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in SandRidge Energy by 19.1% in the 4th quarter. Bank of New York Mellon Corp now owns 580,529 shares of the oil and natural gas company's stock worth $6,798,000 after acquiring an additional 92,950 shares during the last quarter. Raymond James Financial Inc. purchased a new position in SandRidge Energy in the 4th quarter worth approximately $1,876,000. Finally, Commonwealth Equity Services LLC purchased a new position in SandRidge Energy in the 4th quarter worth approximately $148,000. 61.84% of the stock is owned by institutional investors.

SandRidge Energy Price Performance

NYSE SD traded up $0.25 during mid-day trading on Friday, reaching $10.63. The stock had a trading volume of 244,016 shares, compared to its average volume of 306,195. SandRidge Energy, Inc. has a 1 year low of $8.81 and a 1 year high of $14.04. The stock has a market cap of $389.80 million, a PE ratio of 8.30 and a beta of 0.91. The company has a fifty day moving average price of $9.77 and a 200 day moving average price of $11.02.

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

SandRidge Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were paid a dividend of $0.11 per share. The ex-dividend date was Monday, May 19th. This represents a $0.44 dividend on an annualized basis and a yield of 4.14%. SandRidge Energy's dividend payout ratio is presently 25.14%.

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.