Diametric Capital LP Buys Shares of 15,765 SandRidge Energy, Inc. (NYSE:SD)

Diametric Capital LP purchased a new position in shares of SandRidge Energy, Inc. (NYSE:SD) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 15,765 shares of the oil and natural gas company’s stock, valued at approximately $185,000.

Several other hedge funds have also made changes to their positions in the stock. Fox Run Management L.L.C. acquired a new position in SandRidge Energy during the 4th quarter valued at about $132,000. Commonwealth Equity Services LLC bought a new stake in shares of SandRidge Energy during the fourth quarter valued at approximately $148,000. Quantinno Capital Management LP acquired a new position in shares of SandRidge Energy during the third quarter worth approximately $186,000. BNP Paribas Financial Markets grew its holdings in SandRidge Energy by 34.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 23,502 shares of the oil and natural gas company’s stock worth $287,000 after buying an additional 5,967 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its position in SandRidge Energy by 10.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 27,570 shares of the oil and natural gas company’s stock valued at $323,000 after acquiring an additional 2,634 shares during the period. Institutional investors own 61.84% of the company’s stock.

SandRidge Energy Stock Performance

Shares of SD stock opened at $11.40 on Thursday. SandRidge Energy, Inc. has a 1 year low of $10.31 and a 1 year high of $15.31. The firm has a market capitalization of $423.45 million, a PE ratio of 8.91 and a beta of 2.03. The stock has a fifty day moving average of $11.74 and a two-hundred day moving average of $11.73.

SandRidge Energy (NYSE:SD) last posted its quarterly earnings data on Monday, March 10th. The oil and natural gas company reported $0.34 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $50.27 million.

SandRidge Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.86%. SandRidge Energy’s dividend payout ratio is presently 25.88%.

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.