Voya Investment Management LLC Cuts Stake in SandRidge Energy, Inc. $SD

Voya Investment Management LLC lowered its position in SandRidge Energy, Inc. (NYSE:SD) by 12.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,453 shares of the oil and natural gas company’s stock after selling 1,498 shares during the quarter. Voya Investment Management LLC’s holdings in SandRidge Energy were worth $119,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Rhumbline Advisers boosted its stake in SandRidge Energy by 1.9% in the first quarter. Rhumbline Advisers now owns 77,536 shares of the oil and natural gas company’s stock worth $885,000 after buying an additional 1,421 shares in the last quarter. SCS Capital Management LLC bought a new stake in SandRidge Energy in the first quarter valued at approximately $114,000. Empowered Funds LLC lifted its position in SandRidge Energy by 1.8% in the first quarter. Empowered Funds LLC now owns 139,197 shares of the oil and natural gas company’s stock valued at $1,590,000 after purchasing an additional 2,518 shares during the last quarter. Caxton Associates LLP bought a new stake in SandRidge Energy in the first quarter valued at approximately $390,000. Finally, Bridgeway Capital Management LLC lifted its position in SandRidge Energy by 1.1% in the first quarter. Bridgeway Capital Management LLC now owns 239,747 shares of the oil and natural gas company’s stock valued at $2,738,000 after purchasing an additional 2,518 shares during the last quarter. Hedge funds and other institutional investors own 61.84% of the company’s stock.

Insider Activity at SandRidge Energy

In other SandRidge Energy news, Director Vincent J. Intrieri bought 25,000 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The stock was bought at an average price of $10.96 per share, for a total transaction of $274,000.00. Following the completion of the acquisition, the director directly owned 46,976 shares in the company, valued at $514,856.96. The trade was a 113.76% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

SandRidge Energy Stock Performance

Shares of SD stock opened at $11.71 on Thursday. SandRidge Energy, Inc. has a fifty-two week low of $8.81 and a fifty-two week high of $13.19. The stock has a 50 day moving average price of $11.21 and a two-hundred day moving average price of $10.69. The company has a market capitalization of $430.34 million, a P/E ratio of 5.74 and a beta of 0.90.

SandRidge Energy (NYSE:SD) last announced its quarterly earnings data on Wednesday, August 6th. The oil and natural gas company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.04. SandRidge Energy had a return on equity of 10.05% and a net margin of 51.77%.The firm had revenue of $34.53 million during the quarter, compared to the consensus estimate of $37.30 million.

SandRidge Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were issued a dividend of $0.12 per share. This is a boost from SandRidge Energy’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Monday, September 22nd. SandRidge Energy’s dividend payout ratio is currently 23.53%.

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.