Quest Partners LLC Makes New Investment in SandRidge Energy, Inc. (NYSE:SD)

Quest Partners LLC bought a new stake in SandRidge Energy, Inc. (NYSE:SD - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 42,674 shares of the oil and natural gas company's stock, valued at approximately $522,000. Quest Partners LLC owned 0.11% of SandRidge Energy at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Royce & Associates LP raised its position in SandRidge Energy by 279.4% during 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 buying an additional 457,500 shares during the last quarter. American Century Companies Inc. raised its holdings 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 purchasing an additional 123,890 shares in the last quarter. Denali Advisors LLC lifted its position in SandRidge Energy by 69.4% in the second quarter. Denali Advisors LLC now owns 292,800 shares of the oil and natural gas company's stock valued at $3,786,000 after purchasing an additional 120,000 shares during the period. Caxton Associates LP boosted its holdings in SandRidge Energy by 690.0% in the 1st quarter. Caxton Associates LP now owns 118,492 shares of the oil and natural gas company's stock valued at $1,726,000 after purchasing an additional 103,493 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in SandRidge Energy by 5.5% in the 2nd quarter. Renaissance Technologies LLC now owns 1,524,312 shares of the oil and natural gas company's stock valued at $19,709,000 after purchasing an additional 79,400 shares in the last quarter. Hedge funds and other institutional investors own 61.84% of the company's stock.

SandRidge Energy Trading Up 3.1 %

Shares of SD traded up $0.36 during mid-day trading on Friday, hitting $12.11. The company's stock had a trading volume of 345,257 shares, compared to its average volume of 324,242. SandRidge Energy, Inc. has a 1-year low of $10.94 and a 1-year high of $15.31. The firm has a market capitalization of $450.66 million, a P/E ratio of 9.46 and a beta of 2.10. The firm has a 50-day simple moving average of $11.84 and a 200 day simple moving average of $12.67.

SandRidge Energy (NYSE:SD - Get Free Report) last announced its quarterly earnings results 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). The company had revenue of $30.06 million during 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 declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 3.63%. The ex-dividend date is Friday, November 15th. SandRidge Energy's dividend payout ratio (DPR) is presently 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.