Dynamic Technology Lab Private Ltd Sells 9,401 Shares of SandRidge Energy, Inc. (NYSE:SD)

Dynamic Technology Lab Private Ltd cut its stake in SandRidge Energy, Inc. (NYSE:SD) by 28.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,527 shares of the oil and natural gas company’s stock after selling 9,401 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in SandRidge Energy were worth $288,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Renaissance Technologies LLC grew its stake in 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 buying an additional 79,400 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings 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 purchasing an additional 4,881 shares during the period. American Century Companies Inc. raised its stake in shares of SandRidge Energy by 19.4% in 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 purchasing an additional 123,890 shares during the last quarter. Royce & Associates LP lifted its holdings in shares of SandRidge Energy by 279.4% during the third 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 during the period. Finally, Denali Advisors LLC lifted its holdings in shares of 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 purchasing an additional 120,000 shares during the period. 61.84% of the stock is owned by institutional investors.

SandRidge Energy Trading Up 0.9 %

Shares of NYSE:SD opened at $11.73 on Monday. SandRidge Energy, Inc. has a twelve month low of $10.94 and a twelve month high of $15.31. The company has a market cap of $436.52 million, a PE ratio of 9.16 and a beta of 2.10. The company’s 50 day moving average is $11.79 and its 200 day moving average is $12.60.

SandRidge Energy (NYSE:SD) last posted its earnings results on Wednesday, November 6th. The oil and natural gas company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.08). The business had revenue of $30.06 million for 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 disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend was Friday, November 15th. SandRidge Energy’s payout ratio is 34.38%.

SandRidge Energy 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.