Deerfield Management Company L.P. Series C Purchases 19,001 Shares of SandRidge Energy, Inc. (NYSE:SD)

Deerfield Management Company L.P. Series C increased its position in shares of SandRidge Energy, Inc. (NYSE:SD) by 84.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,580 shares of the oil and natural gas company’s stock after purchasing an additional 19,001 shares during the period. Deerfield Management Company L.P. Series C owned approximately 0.11% of SandRidge Energy worth $538,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in SD. Renaissance Technologies LLC grew its position in shares of SandRidge Energy by 5.5% during the 2nd quarter. Renaissance Technologies LLC now owns 1,524,312 shares of the oil and natural gas company’s stock worth $19,709,000 after purchasing an additional 79,400 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of SandRidge Energy by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,256,320 shares of the oil and natural gas company’s stock valued at $16,244,000 after buying an additional 4,881 shares during the period. American Century Companies Inc. grew its position in SandRidge Energy by 19.4% during the second quarter. American Century Companies Inc. now owns 763,356 shares of the oil and natural gas company’s stock worth $9,870,000 after buying an additional 123,890 shares in the last quarter. Denali Advisors LLC grew its position in SandRidge Energy by 69.4% during 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 buying an additional 120,000 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in SandRidge Energy by 88.4% during the 1st quarter. Russell Investments Group Ltd. now owns 227,320 shares of the oil and natural gas company’s stock worth $3,312,000 after acquiring an additional 106,667 shares during the period. 61.84% of the stock is currently owned by institutional investors.

SandRidge Energy Stock Performance

NYSE:SD opened at $11.85 on Friday. The company has a market cap of $439.93 million, a price-to-earnings ratio of 9.12 and a beta of 2.09. SandRidge Energy, Inc. has a fifty-two week low of $11.48 and a fifty-two week high of $16.60. The stock has a fifty day moving average price of $12.70 and a 200-day moving average price of $13.39.

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

SandRidge Energy Announces Dividend

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

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.