Jane Street Group LLC Lowers Holdings in SandRidge Energy, Inc. (NYSE:SD)

Jane Street Group LLC trimmed its holdings in SandRidge Energy, Inc. (NYSE:SD) by 51.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 50,297 shares of the oil and natural gas company’s stock after selling 53,296 shares during the period. Jane Street Group LLC owned approximately 0.14% of SandRidge Energy worth $615,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Quest Partners LLC purchased a new position in SandRidge Energy in the third quarter worth approximately $522,000. Assenagon Asset Management S.A. boosted its position in shares of SandRidge Energy by 62.6% during the third quarter. Assenagon Asset Management S.A. now owns 133,952 shares of the oil and natural gas company’s stock worth $1,638,000 after buying an additional 51,583 shares during the period. Denali Advisors LLC boosted its position in shares of SandRidge Energy by 69.4% during the second quarter. Denali Advisors LLC now owns 292,800 shares of the oil and natural gas company’s stock worth $3,786,000 after buying an additional 120,000 shares during the period. Royce & Associates LP boosted its position in shares of SandRidge Energy by 279.4% during the third quarter. Royce & Associates LP now owns 621,244 shares of the oil and natural gas company’s stock worth $7,598,000 after buying an additional 457,500 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of SandRidge Energy by 90.7% during the third quarter. Victory Capital Management Inc. now owns 33,019 shares of the oil and natural gas company’s stock worth $404,000 after buying an additional 15,702 shares during the period. 61.84% of the stock is currently owned by hedge funds and other institutional investors.

SandRidge Energy Stock Down 0.6 %

SD opened at $11.94 on Friday. SandRidge Energy, Inc. has a 52 week low of $10.31 and a 52 week high of $15.31. The business has a fifty day simple moving average of $11.38 and a 200-day simple moving average of $12.20. The firm has a market cap of $444.34 million, a P/E ratio of 9.33 and a beta of 2.13.

SandRidge Energy (NYSE:SD) last released its quarterly earnings results on Wednesday, November 6th. The oil and natural gas company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.08). SandRidge Energy had a return on equity of 7.92% and a net margin of 39.25%. The firm had revenue of $30.06 million for the quarter.

SandRidge Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a dividend of $0.11 per share. The ex-dividend date was Friday, November 15th. This represents a $0.44 annualized dividend and a dividend yield of 3.69%. SandRidge Energy’s dividend payout ratio is currently 34.38%.

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.