AlphaQuest LLC Reduces Position in SandRidge Energy, Inc. (NYSE:SD)

AlphaQuest LLC reduced its position in shares of SandRidge Energy, Inc. (NYSE:SD) by 34.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,921 shares of the oil and natural gas company’s stock after selling 14,753 shares during the period. AlphaQuest LLC owned about 0.08% of SandRidge Energy worth $327,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC lifted its holdings in SandRidge Energy by 3.0% during the 4th quarter. SG Americas Securities LLC now owns 59,526 shares of the oil and natural gas company’s stock worth $697,000 after buying an additional 1,738 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in SandRidge Energy by 10.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 27,570 shares of the oil and natural gas company’s stock worth $323,000 after purchasing an additional 2,634 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in SandRidge Energy by 9.5% in the third quarter. Sanctuary Advisors LLC now owns 39,895 shares of the oil and natural gas company’s stock valued at $483,000 after purchasing an additional 3,451 shares in the last quarter. JPMorgan Chase & Co. increased its stake in SandRidge Energy by 8.6% in the third quarter. JPMorgan Chase & Co. now owns 61,420 shares of the oil and natural gas company’s stock valued at $751,000 after purchasing an additional 4,868 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in SandRidge Energy by 34.0% during the third quarter. BNP Paribas Financial Markets now owns 23,502 shares of the oil and natural gas company’s stock worth $287,000 after purchasing an additional 5,967 shares in the last quarter. Institutional investors and hedge funds own 61.84% of the company’s stock.

SandRidge Energy Trading Up 1.8 %

Shares of SandRidge Energy stock opened at $11.43 on Friday. The company has a fifty day simple moving average of $11.97 and a 200-day simple moving average of $11.83. The stock has a market cap of $425.17 million, a price-to-earnings ratio of 8.93 and a beta of 2.03. SandRidge Energy, Inc. has a 12-month low of $10.31 and a 12-month high of $15.31.

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

SandRidge Energy Dividend Announcement

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

About SandRidge Energy

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.