Cubist Systematic Strategies LLC Trims Position in SandRidge Energy, Inc. $SD

Cubist Systematic Strategies LLC decreased its holdings in shares of SandRidge Energy, Inc. (NYSE:SD) by 65.4% in the 1st quarter, Holdings Channel reports. The firm owned 23,681 shares of the oil and natural gas company’s stock after selling 44,838 shares during the period. Cubist Systematic Strategies LLC’s holdings in SandRidge Energy were worth $270,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Trexquant Investment LP purchased a new position in shares of SandRidge Energy during the first quarter worth about $187,000. Keeley Teton Advisors LLC purchased a new position in shares of SandRidge Energy during the first quarter worth about $212,000. AlphaQuest LLC grew its holdings in shares of SandRidge Energy by 167.4% during the first quarter. AlphaQuest LLC now owns 74,655 shares of the oil and natural gas company’s stock worth $853,000 after purchasing an additional 46,734 shares in the last quarter. First Wilshire Securities Management Inc. grew its holdings in shares of SandRidge Energy by 0.5% during the first quarter. First Wilshire Securities Management Inc. now owns 1,154,622 shares of the oil and natural gas company’s stock worth $13,186,000 after purchasing an additional 6,092 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of SandRidge Energy during the first quarter worth about $215,000. Hedge funds and other institutional investors own 61.84% of the company’s stock.

SandRidge Energy Trading Down 1.2%

Shares of NYSE SD opened at $11.55 on Friday. SandRidge Energy, Inc. has a 12 month low of $8.81 and a 12 month high of $13.19. The firm has a market capitalization of $424.28 million, a price-to-earnings ratio of 5.66 and a beta of 0.90. The business has a 50-day moving average of $10.95 and a 200-day moving average of $10.68.

SandRidge Energy (NYSE:SD) last issued its quarterly earnings data on Wednesday, August 6th. The oil and natural gas company reported $0.33 EPS for the quarter, topping 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 company had revenue of $34.53 million during the quarter, compared to analyst estimates of $37.30 million.

SandRidge Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 22nd will be paid a $0.12 dividend. This is an increase from SandRidge Energy’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Monday, September 22nd. SandRidge Energy’s payout ratio is currently 21.57%.

Insider Transactions at SandRidge Energy

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

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.