Cubist Systematic Strategies LLC Invests $802,000 in SandRidge Energy, Inc. (NYSE:SD)

Cubist Systematic Strategies LLC purchased a new position in shares of SandRidge Energy, Inc. (NYSE:SD) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 68,519 shares of the oil and natural gas company’s stock, valued at approximately $802,000.

Several other hedge funds have also recently modified their holdings of the stock. Bridgeway Capital Management LLC lifted its holdings in shares of SandRidge Energy by 2.9% during the fourth quarter. Bridgeway Capital Management LLC now owns 237,229 shares of the oil and natural gas company’s stock worth $2,778,000 after purchasing an additional 6,664 shares during the period. Brevan Howard Capital Management LP acquired a new stake in shares of SandRidge Energy during the fourth quarter worth $173,000. Bank of America Corp DE lifted its holdings in shares of SandRidge Energy by 5.4% during the fourth quarter. Bank of America Corp DE now owns 56,248 shares of the oil and natural gas company’s stock worth $659,000 after purchasing an additional 2,892 shares during the period. Algert Global LLC lifted its holdings in shares of SandRidge Energy by 18.0% during the fourth quarter. Algert Global LLC now owns 46,610 shares of the oil and natural gas company’s stock worth $546,000 after purchasing an additional 7,120 shares during the period. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of SandRidge Energy during the fourth quarter worth $149,000. 61.84% of the stock is owned by institutional investors and hedge funds.

SandRidge Energy Stock Performance

SandRidge Energy stock opened at $10.53 on Thursday. SandRidge Energy, Inc. has a one year low of $8.81 and a one year high of $14.24. The business has a fifty day moving average of $10.24 and a two-hundred day moving average of $11.19. The company has a market cap of $386.31 million, a P/E ratio of 8.23 and a beta of 0.84.

SandRidge Energy (NYSE:SD) last released its earnings results 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). SandRidge Energy had a net margin of 39.25% and a return on equity of 7.92%. The business had revenue of $42.60 million during the quarter, compared to analyst estimates of $43.32 million.

SandRidge Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date of this dividend is Monday, May 19th. SandRidge Energy’s dividend payout ratio (DPR) 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.