SandRidge Energy, Inc. (NYSE:SD) Position Boosted by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its position in SandRidge Energy, Inc. (NYSE:SD) by 5.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,524,312 shares of the oil and natural gas company’s stock after buying an additional 79,400 shares during the quarter. Renaissance Technologies LLC owned about 4.11% of SandRidge Energy worth $19,709,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. nVerses Capital LLC bought a new stake in shares of SandRidge Energy in the 2nd quarter valued at approximately $25,000. Quest Partners LLC bought a new stake in shares of SandRidge Energy in the 4th quarter valued at approximately $205,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of SandRidge Energy in the 1st quarter valued at approximately $243,000. Victory Capital Management Inc. bought a new stake in shares of SandRidge Energy in the 2nd quarter valued at approximately $224,000. Finally, Mesirow Financial Investment Management Inc. bought a new stake in shares of SandRidge Energy in the 2nd quarter valued at approximately $243,000. Institutional investors own 61.84% of the company’s stock.

SandRidge Energy Stock Performance

Shares of NYSE SD opened at $12.22 on Friday. The stock has a market cap of $454.34 million, a price-to-earnings ratio of 9.35 and a beta of 2.09. The business has a 50 day simple moving average of $12.88 and a 200 day simple moving average of $13.45. SandRidge Energy, Inc. has a 52 week low of $11.51 and a 52 week high of $16.60.

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

SandRidge Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were issued a dividend of $0.11 per share. The ex-dividend date was Friday, August 16th. This represents a $0.44 annualized dividend and a yield of 3.60%. SandRidge Energy’s dividend payout ratio (DPR) 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.