42,674 Shares in SandRidge Energy, Inc. (NYSE:SD) Bought by Quest Partners LLC

Quest Partners LLC purchased a new stake in shares of SandRidge Energy, Inc. (NYSE:SD) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 42,674 shares of the oil and natural gas company’s stock, valued at approximately $522,000. Quest Partners LLC owned approximately 0.11% of SandRidge Energy as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. nVerses Capital LLC purchased a new position in shares of SandRidge Energy during the 2nd quarter valued at about $25,000. Quarry LP purchased a new position in shares of SandRidge Energy during the second quarter worth approximately $25,000. Copeland Capital Management LLC purchased a new position in shares of SandRidge Energy during the third quarter worth approximately $36,000. The Manufacturers Life Insurance Company lifted its holdings in shares of SandRidge Energy by 6.4% in the 2nd 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. Finally, Lakewood Asset Management LLC boosted its stake in shares of SandRidge Energy by 9.0% in the 3rd quarter. Lakewood Asset Management LLC now owns 15,265 shares of the oil and natural gas company’s stock valued at $187,000 after purchasing an additional 1,265 shares in the last quarter. Institutional investors own 61.84% of the company’s stock.

SandRidge Energy Stock Up 3.1 %

SandRidge Energy stock opened at $12.11 on Friday. The firm has a fifty day simple moving average of $11.84 and a two-hundred day simple moving average of $12.67. SandRidge Energy, Inc. has a twelve month low of $10.94 and a twelve month high of $15.31. The company has a market capitalization of $450.66 million, a PE ratio of 9.46 and a beta of 2.10.

SandRidge Energy (NYSE:SD) last released 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 during the quarter. SandRidge Energy had a net margin of 39.25% and a return on equity of 7.92%.

SandRidge Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend is Friday, November 15th. SandRidge Energy’s dividend payout ratio (DPR) is presently 34.38%.

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.