Two Sigma Investments LP Sells 49,852 Shares of SandRidge Energy, Inc. (NYSE:SD)

Two Sigma Investments LP trimmed its stake in SandRidge Energy, Inc. (NYSE:SD) by 26.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 138,440 shares of the oil and natural gas company’s stock after selling 49,852 shares during the quarter. Two Sigma Investments LP owned 0.37% of SandRidge Energy worth $1,621,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. D. E. Shaw & Co. Inc. bought a new position in shares of SandRidge Energy during the fourth quarter valued at $1,248,000. Raymond James Financial Inc. purchased a new stake in SandRidge Energy during the fourth quarter valued at $1,876,000. Arrowstreet Capital Limited Partnership increased its position in SandRidge Energy by 305.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 129,361 shares of the oil and natural gas company’s stock valued at $1,515,000 after acquiring an additional 97,481 shares during the last quarter. Millennium Management LLC increased its position in SandRidge Energy by 90.7% during the fourth quarter. Millennium Management LLC now owns 171,442 shares of the oil and natural gas company’s stock valued at $2,008,000 after acquiring an additional 81,560 shares during the last quarter. Finally, Royce & Associates LP increased its position in SandRidge Energy by 76.2% during the fourth quarter. Royce & Associates LP now owns 1,094,786 shares of the oil and natural gas company’s stock valued at $12,820,000 after acquiring an additional 473,542 shares during the last quarter. 61.84% of the stock is owned by institutional investors.

SandRidge Energy Stock Performance

SandRidge Energy stock opened at $10.40 on Wednesday. The stock has a market cap of $381.54 million, a PE ratio of 8.13 and a beta of 0.91. SandRidge Energy, Inc. has a one year low of $8.81 and a one year high of $14.04. The stock has a fifty day moving average of $9.83 and a 200 day moving average of $11.04.

SandRidge Energy (NYSE:SD) last posted its quarterly earnings data on Wednesday, May 7th. The oil and natural gas company reported $0.39 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 analysts’ expectations of $43.32 million. SandRidge Energy had a net margin of 39.25% and a return on equity of 7.92%.

SandRidge Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date was Monday, May 19th. SandRidge Energy’s dividend payout ratio (DPR) is presently 25.14%.

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.