SandRidge Energy, Inc. (NYSE:SD) Position Cut by Two Sigma Advisers LP

Two Sigma Advisers LP trimmed its stake in SandRidge Energy, Inc. (NYSE:SD) by 29.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 58,600 shares of the oil and natural gas company’s stock after selling 24,000 shares during the quarter. Two Sigma Advisers LP owned approximately 0.16% of SandRidge Energy worth $686,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in SD. Dynamic Technology Lab Private Ltd raised its stake in shares of SandRidge Energy by 3.7% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 24,397 shares of the oil and natural gas company’s stock valued at $286,000 after purchasing an additional 870 shares in the last quarter. Northern Trust Corp raised its stake in shares of SandRidge Energy by 0.4% during the fourth quarter. Northern Trust Corp now owns 296,302 shares of the oil and natural gas company’s stock valued at $3,470,000 after purchasing an additional 1,294 shares in the last quarter. Teacher Retirement System of Texas raised its stake in shares of SandRidge Energy by 1.0% during the fourth quarter. Teacher Retirement System of Texas now owns 143,881 shares of the oil and natural gas company’s stock valued at $1,685,000 after purchasing an additional 1,474 shares in the last quarter. Nebula Research & Development LLC raised its stake in shares of SandRidge Energy by 7.4% during the fourth quarter. Nebula Research & Development LLC now owns 33,366 shares of the oil and natural gas company’s stock valued at $391,000 after purchasing an additional 2,307 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of SandRidge Energy by 5.8% during the fourth quarter. Wells Fargo & Company MN now owns 44,158 shares of the oil and natural gas company’s stock valued at $517,000 after purchasing an additional 2,411 shares in the last quarter. 61.84% of the stock is currently owned by institutional investors.

SandRidge Energy Stock Up 3.9%

Shares of NYSE SD opened at $10.20 on Tuesday. The firm’s 50-day simple moving average is $9.85 and its 200 day simple moving average is $11.05. The stock has a market cap of $374.02 million, a P/E ratio of 7.96 and a beta of 0.84. 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) last released its earnings results on Wednesday, May 7th. The oil and natural gas company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). The firm had revenue of $42.60 million for 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 announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date of this dividend was Monday, May 19th. SandRidge Energy’s payout ratio is currently 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.