Arrowstreet Capital Limited Partnership Has $1.52 Million Stock Position in SandRidge Energy, Inc. (NYSE:SD)

Arrowstreet Capital Limited Partnership boosted its stake in shares of SandRidge Energy, Inc. (NYSE:SD - Free Report) by 305.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 129,361 shares of the oil and natural gas company's stock after purchasing an additional 97,481 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.35% of SandRidge Energy worth $1,515,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in shares of SandRidge Energy by 145.4% during the 4th quarter. JPMorgan Chase & Co. now owns 150,733 shares of the oil and natural gas company's stock worth $1,765,000 after purchasing an additional 89,313 shares in the last quarter. Fox Run Management L.L.C. bought a new position in SandRidge Energy in the fourth quarter worth $132,000. KLP Kapitalforvaltning AS acquired a new stake in SandRidge Energy during the fourth quarter worth $425,000. American Century Companies Inc. increased its holdings in SandRidge Energy by 9.6% in the 4th quarter. American Century Companies Inc. now owns 958,573 shares of the oil and natural gas company's stock valued at $11,225,000 after buying an additional 84,263 shares during the period. Finally, Teacher Retirement System of Texas raised its stake in shares of SandRidge Energy by 1.0% in the 4th 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 in the last quarter. 61.84% of the stock is owned by institutional investors.

SandRidge Energy Stock Performance

Shares of NYSE:SD traded up $0.28 during midday trading on Wednesday, reaching $9.45. 39,569 shares of the company's stock were exchanged, compared to its average volume of 300,093. SandRidge Energy, Inc. has a 12 month low of $8.81 and a 12 month high of $14.85. The firm has a market capitalization of $350.83 million, a PE ratio of 7.38 and a beta of 1.66. The company's 50 day simple moving average is $11.19 and its two-hundred day simple moving average is $11.54.

SandRidge Energy (NYSE:SD - Get Free Report) last announced its quarterly earnings results on Monday, March 10th. The oil and natural gas company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.14). SandRidge Energy had a net margin of 39.25% and a return on equity of 7.92%. The firm had revenue of $38.97 million for the quarter, compared to the consensus estimate of $50.27 million.

SandRidge Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 4.66%. The ex-dividend date of this dividend was Thursday, March 20th. SandRidge Energy's dividend payout ratio is currently 25.88%.

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.