AlphaQuest LLC Lowers Holdings in SandRidge Energy, Inc. (NYSE:SD)

AlphaQuest LLC reduced its position in SandRidge Energy, Inc. (NYSE:SD) by 34.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 27,921 shares of the oil and natural gas company’s stock after selling 14,753 shares during the quarter. AlphaQuest LLC’s holdings in SandRidge Energy were worth $327,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in shares of SandRidge Energy during the fourth quarter worth about $1,876,000. Bank of New York Mellon Corp increased its position in SandRidge Energy by 19.1% during 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 purchasing an additional 92,950 shares during the period. Empowered Funds LLC raised its stake in shares of SandRidge Energy by 5.1% during 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 buying an additional 6,664 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. lifted its holdings in shares of SandRidge Energy by 8.9% in the 4th 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 buying an additional 7,947 shares during the period. Finally, Exchange Traded Concepts LLC boosted its stake in shares of SandRidge Energy by 10.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 27,570 shares of the oil and natural gas company’s stock valued at $323,000 after buying an additional 2,634 shares in the last quarter. Hedge funds and other institutional investors own 61.84% of the company’s stock.

SandRidge Energy Stock Performance

NYSE:SD opened at $11.43 on Friday. The stock has a market capitalization of $425.17 million, a price-to-earnings ratio of 8.93 and a beta of 2.03. SandRidge Energy, Inc. has a 1 year low of $10.31 and a 1 year high of $15.31. The stock has a fifty day moving average price of $11.97 and a two-hundred day moving average price of $11.83.

SandRidge Energy (NYSE:SD) last released its quarterly earnings data on Monday, March 10th. The oil and natural gas company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.14). SandRidge Energy had a return on equity of 7.92% and a net margin of 39.25%. The company had revenue of $38.97 million for the quarter, compared to analysts’ expectations of $50.27 million.

SandRidge Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 20th will be issued a dividend of $0.11 per share. The ex-dividend date is Thursday, March 20th. This represents a $0.44 annualized dividend and a yield of 3.85%. SandRidge Energy’s dividend payout ratio is presently 34.38%.

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.