Renaissance Technologies LLC Buys 79,400 Shares of SandRidge Energy, Inc. (NYSE:SD)

Renaissance Technologies LLC increased its position in shares of SandRidge Energy, Inc. (NYSE:SD - Free Report) by 5.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,524,312 shares of the oil and natural gas company's stock after acquiring an additional 79,400 shares during the period. Renaissance Technologies LLC owned about 4.11% of SandRidge Energy worth $19,709,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Mesirow Financial Investment Management Inc. acquired a new stake in SandRidge Energy in the second quarter valued at approximately $243,000. Dimensional Fund Advisors LP grew its position in SandRidge Energy by 0.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,256,320 shares of the oil and natural gas company's stock worth $16,244,000 after acquiring an additional 4,881 shares during the last quarter. American Century Companies Inc. increased its holdings in SandRidge Energy by 19.4% in the 2nd 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. Wedbush Securities Inc. raised its position in SandRidge Energy by 45.0% in the second quarter. Wedbush Securities Inc. now owns 19,208 shares of the oil and natural gas company's stock valued at $248,000 after purchasing an additional 5,960 shares during the last quarter. Finally, Koss Olinger Consulting LLC bought a new position in SandRidge Energy in the second quarter valued at about $449,000. 61.84% of the stock is owned by institutional investors.

SandRidge Energy Stock Down 0.2 %

NYSE SD traded down $0.02 on Friday, hitting $12.22. The company's stock had a trading volume of 440,624 shares, compared to its average volume of 356,556. The company's 50-day moving average is $12.86 and its 200 day moving average is $13.44. The firm has a market cap of $454.34 million, a PE ratio of 9.40 and a beta of 2.09. SandRidge Energy, Inc. has a 1-year low of $11.51 and a 1-year high of $16.60.

SandRidge Energy (NYSE:SD - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The oil and natural gas company reported $0.17 earnings per share for the quarter. The company had revenue of $25.98 million during the quarter. SandRidge Energy had a return on equity of 9.88% and a net margin of 31.47%.

SandRidge Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date was Friday, August 16th. SandRidge Energy's dividend payout ratio is 33.85%.

About SandRidge Energy

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.