Jacobs Levy Equity Management Inc. Trims Stake in SandRidge Energy, Inc. (NYSE:SD)

Jacobs Levy Equity Management Inc. lessened its stake in shares of SandRidge Energy, Inc. (NYSE:SD) by 17.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 48,079 shares of the oil and natural gas company’s stock after selling 10,321 shares during the period. Jacobs Levy Equity Management Inc. owned 0.13% of SandRidge Energy worth $588,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SD. Quest Partners LLC bought a new position in shares of SandRidge Energy during the 3rd quarter valued at approximately $522,000. Assenagon Asset Management S.A. boosted its position in shares of SandRidge Energy by 62.6% in the third quarter. Assenagon Asset Management S.A. now owns 133,952 shares of the oil and natural gas company’s stock worth $1,638,000 after purchasing an additional 51,583 shares during the period. Denali Advisors LLC increased its stake in shares of SandRidge Energy by 69.4% in the second quarter. Denali Advisors LLC now owns 292,800 shares of the oil and natural gas company’s stock worth $3,786,000 after purchasing an additional 120,000 shares in the last quarter. Royce & Associates LP raised its position in shares of SandRidge Energy by 279.4% during the 3rd quarter. Royce & Associates LP now owns 621,244 shares of the oil and natural gas company’s stock valued at $7,598,000 after purchasing an additional 457,500 shares during the period. Finally, Privium Fund Management B.V. purchased a new position in shares of SandRidge Energy during the 2nd quarter valued at $299,000. Hedge funds and other institutional investors own 61.84% of the company’s stock.

SandRidge Energy Trading Up 2.2 %

NYSE:SD opened at $11.25 on Tuesday. The stock has a 50-day moving average price of $11.72 and a 200 day moving average price of $12.49. The stock has a market capitalization of $418.66 million, a P/E ratio of 8.79 and a beta of 2.13. SandRidge Energy, Inc. has a 12-month low of $10.77 and a 12-month high of $15.31.

SandRidge Energy (NYSE:SD) last issued its earnings results on Wednesday, November 6th. The oil and natural gas company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.08). The company had revenue of $30.06 million for the quarter. SandRidge Energy had a return on equity of 7.92% and a net margin of 39.25%.

SandRidge Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a dividend of $0.11 per share. The ex-dividend date was Friday, November 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.91%. SandRidge Energy’s payout ratio is 34.38%.

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.