AlphaQuest LLC Sells 37,249 Shares of SandRidge Energy, Inc. $SD

AlphaQuest LLC reduced its position in SandRidge Energy, Inc. (NYSE:SD) by 49.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,406 shares of the oil and natural gas company’s stock after selling 37,249 shares during the quarter. AlphaQuest LLC owned about 0.10% of SandRidge Energy worth $405,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Privium Fund Management B.V. increased its holdings in SandRidge Energy by 58.9% in the 2nd quarter. Privium Fund Management B.V. now owns 37,022 shares of the oil and natural gas company’s stock valued at $401,000 after buying an additional 13,722 shares during the period. CWM LLC increased its holdings in SandRidge Energy by 2,109.1% in the 2nd quarter. CWM LLC now owns 4,860 shares of the oil and natural gas company’s stock valued at $53,000 after buying an additional 4,640 shares during the period. Vanguard Personalized Indexing Management LLC bought a new position in SandRidge Energy in the 2nd quarter valued at about $140,000. Azarias Capital Management L.P. increased its holdings in SandRidge Energy by 384.2% in the 2nd quarter. Azarias Capital Management L.P. now owns 346,070 shares of the oil and natural gas company’s stock valued at $3,744,000 after buying an additional 274,594 shares during the period. Finally, Signaturefd LLC increased its holdings in SandRidge Energy by 229.3% in the 2nd quarter. Signaturefd LLC now owns 3,056 shares of the oil and natural gas company’s stock valued at $33,000 after buying an additional 2,128 shares during the period. 61.84% of the stock is owned by institutional investors.

SandRidge Energy Trading Up 1.4%

Shares of SandRidge Energy stock opened at $11.69 on Thursday. The firm has a market capitalization of $429.61 million, a PE ratio of 5.73 and a beta of 0.90. The firm’s 50 day moving average is $11.62 and its 200 day moving average is $10.82. SandRidge Energy, Inc. has a 1 year low of $8.81 and a 1 year high of $13.00.

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

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 given a dividend of $0.12 per share. The ex-dividend date was Monday, September 22nd. This represents a $0.48 annualized dividend and a yield of 4.1%. This is a boost from SandRidge Energy’s previous quarterly dividend of $0.11. SandRidge Energy’s dividend payout ratio is 23.53%.

Insider Buying and Selling

In other SandRidge Energy news, Director Vincent J. Intrieri bought 25,000 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The shares were acquired at an average cost of $10.96 per share, for a total transaction of $274,000.00. Following the transaction, the director directly owned 46,976 shares in the company, valued at approximately $514,856.96. This represents a 113.76% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of SandRidge Energy in a report on Tuesday, October 14th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

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.