UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Stock Position in SandRidge Energy, Inc. (NYSE:SD)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in shares of SandRidge Energy, Inc. (NYSE:SD) by 13.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 34,043 shares of the oil and natural gas company’s stock after selling 5,189 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.09% of SandRidge Energy worth $416,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in SD. Quest Partners LLC bought a new position in shares of SandRidge Energy in the 3rd quarter worth approximately $522,000. Assenagon Asset Management S.A. raised its position in 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 acquiring an additional 51,583 shares during the period. Denali Advisors LLC boosted its stake in shares of 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 worth $3,786,000 after acquiring an additional 120,000 shares during the last quarter. Royce & Associates LP increased its stake in shares of SandRidge Energy by 279.4% in the 3rd quarter. Royce & Associates LP now owns 621,244 shares of the oil and natural gas company’s stock worth $7,598,000 after purchasing an additional 457,500 shares in the last quarter. Finally, Privium Fund Management B.V. purchased a new stake in shares of SandRidge Energy in the 2nd quarter worth $299,000. 61.84% of the stock is currently owned by hedge funds and other institutional investors.

SandRidge Energy Stock Performance

NYSE SD opened at $10.53 on Friday. The business’s fifty day moving average is $11.47 and its 200 day moving average is $12.36. SandRidge Energy, Inc. has a fifty-two week low of $10.31 and a fifty-two week high of $15.31. The company has a market capitalization of $391.86 million, a PE ratio of 8.23 and a beta of 2.13.

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

SandRidge Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date was Friday, November 15th. SandRidge Energy’s dividend payout ratio (DPR) 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.