Graham Capital Management L.P. Has $227,000 Holdings in SandRidge Energy, Inc. (NYSE:SD)

Graham Capital Management L.P. trimmed its stake in SandRidge Energy, Inc. (NYSE:SD) by 29.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 19,404 shares of the oil and natural gas company’s stock after selling 8,120 shares during the period. Graham Capital Management L.P.’s holdings in SandRidge Energy were worth $227,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Dynamic Technology Lab Private Ltd lifted its position in shares of SandRidge Energy by 3.7% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 24,397 shares of the oil and natural gas company’s stock worth $286,000 after purchasing an additional 870 shares during the period. Northern Trust Corp raised its stake in SandRidge Energy by 0.4% during the fourth quarter. Northern Trust Corp now owns 296,302 shares of the oil and natural gas company’s stock worth $3,470,000 after buying an additional 1,294 shares during the last quarter. Teacher Retirement System of Texas lifted its holdings in SandRidge Energy by 1.0% in the fourth quarter. Teacher Retirement System of Texas now owns 143,881 shares of the oil and natural gas company’s stock valued at $1,685,000 after buying an additional 1,474 shares during the period. SG Americas Securities LLC lifted its holdings in SandRidge Energy by 3.0% in the fourth quarter. SG Americas Securities LLC now owns 59,526 shares of the oil and natural gas company’s stock valued at $697,000 after buying an additional 1,738 shares during the period. Finally, Nebula Research & Development LLC boosted its position in SandRidge Energy by 7.4% during the fourth quarter. Nebula Research & Development LLC now owns 33,366 shares of the oil and natural gas company’s stock valued at $391,000 after acquiring an additional 2,307 shares during the last quarter. 61.84% of the stock is currently owned by institutional investors and hedge funds.

SandRidge Energy Trading Down 0.4%

Shares of SandRidge Energy stock opened at $10.25 on Monday. The business has a 50-day moving average price of $10.21 and a two-hundred day moving average price of $11.18. SandRidge Energy, Inc. has a 1-year low of $8.81 and a 1-year high of $14.04. The company has a market cap of $375.86 million, a P/E ratio of 8.00 and a beta of 0.84.

SandRidge Energy (NYSE:SD) last released its earnings results on Wednesday, May 7th. The oil and natural gas company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.04). The business had revenue of $42.60 million for the quarter, compared to analyst estimates of $43.32 million. SandRidge Energy had a return on equity of 7.92% and a net margin of 39.25%.

SandRidge Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 4.29%. The ex-dividend date is Monday, May 19th. SandRidge Energy’s dividend payout ratio (DPR) is 25.14%.

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.