Susquehanna Portfolio Strategies LLC Has $330,000 Stake in SandRidge Energy, Inc. (NYSE:SD)

Susquehanna Portfolio Strategies LLC reduced its stake in SandRidge Energy, Inc. (NYSE:SD) by 17.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 25,494 shares of the oil and natural gas company’s stock after selling 5,251 shares during the quarter. Susquehanna Portfolio Strategies LLC owned approximately 0.07% of SandRidge Energy worth $330,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SD. Susquehanna Fundamental Investments LLC increased its position in SandRidge Energy by 25.5% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 20,968 shares of the oil and natural gas company’s stock worth $271,000 after buying an additional 4,263 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of SandRidge Energy by 6.4% in the second quarter. The Manufacturers Life Insurance Company now owns 12,496 shares of the oil and natural gas company’s stock worth $162,000 after acquiring an additional 756 shares during the last quarter. Deerfield Management Company L.P. Series C increased its position in SandRidge Energy by 84.2% during the second quarter. Deerfield Management Company L.P. Series C now owns 41,580 shares of the oil and natural gas company’s stock worth $538,000 after acquiring an additional 19,001 shares during the period. Denali Advisors LLC raised its stake in SandRidge Energy by 69.4% during the 2nd quarter. Denali Advisors LLC now owns 292,800 shares of the oil and natural gas company’s stock valued at $3,786,000 after purchasing an additional 120,000 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in SandRidge Energy by 5.5% in the 2nd quarter. Renaissance Technologies LLC now owns 1,524,312 shares of the oil and natural gas company’s stock valued at $19,709,000 after purchasing an additional 79,400 shares during the period. Institutional investors own 61.84% of the company’s stock.

SandRidge Energy Stock Up 2.0 %

Shares of SD opened at $11.85 on Monday. The stock’s 50-day moving average price is $12.70 and its 200 day moving average price is $13.39. The firm has a market capitalization of $439.93 million, a price-to-earnings ratio of 9.12 and a beta of 2.09. SandRidge Energy, Inc. has a 12-month low of $11.48 and a 12-month high of $16.60.

SandRidge Energy (NYSE:SD) last announced its quarterly earnings results on Wednesday, August 7th. The oil and natural gas company reported $0.17 EPS for the quarter. The business had revenue of $25.98 million for the quarter. SandRidge Energy had a return on equity of 9.88% and a net margin of 31.47%.

SandRidge Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 3.71%. The ex-dividend date was Friday, August 16th. SandRidge Energy’s payout ratio is presently 33.85%.

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.