SG Americas Securities LLC Decreases Position in SandRidge Energy, Inc. (NYSE:SD)

SG Americas Securities LLC lowered its stake in shares of SandRidge Energy, Inc. (NYSE:SD) by 27.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,397 shares of the oil and natural gas company’s stock after selling 16,129 shares during the period. SG Americas Securities LLC owned 0.12% of SandRidge Energy worth $496,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of SD. Quarry LP bought a new stake in shares of SandRidge Energy during the 4th quarter worth $41,000. Point72 Asset Management L.P. bought a new stake in SandRidge Energy in the fourth quarter worth $86,000. NewEdge Advisors LLC lifted its stake in SandRidge Energy by 100.0% in the fourth quarter. NewEdge Advisors LLC now owns 9,000 shares of the oil and natural gas company’s stock worth $105,000 after purchasing an additional 4,500 shares during the last quarter. GAMMA Investing LLC lifted its stake in SandRidge Energy by 4,607.7% in the first quarter. GAMMA Investing LLC now owns 10,404 shares of the oil and natural gas company’s stock worth $119,000 after purchasing an additional 10,183 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of SandRidge Energy by 2,650.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 11,138 shares of the oil and natural gas company’s stock valued at $130,000 after acquiring an additional 10,733 shares during the period. 61.84% of the stock is currently owned by hedge funds and other institutional investors.

SandRidge Energy Trading Down 3.3%

SD stock opened at $11.52 on Tuesday. SandRidge Energy, Inc. has a 12-month low of $8.81 and a 12-month high of $14.04. The firm’s 50-day moving average price is $10.17 and its two-hundred day moving average price is $11.01. The stock has a market capitalization of $422.63 million, a price-to-earnings ratio of 6.58 and a beta of 0.91.

SandRidge Energy (NYSE:SD) last announced its quarterly earnings results on Wednesday, May 7th. The oil and natural gas company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.04). SandRidge Energy had a net margin of 47.17% and a return on equity of 9.05%. The company had revenue of $42.60 million for the quarter, compared to analysts’ expectations of $43.32 million.

SandRidge Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 3.82%. The ex-dividend date was Monday, May 19th. SandRidge Energy’s payout ratio is currently 25.14%.

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.