ExodusPoint Capital Management LP Makes New $762,000 Investment in SandRidge Energy, Inc. (NYSE:SD)

ExodusPoint Capital Management LP purchased a new stake in SandRidge Energy, Inc. (NYSE:SD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 65,039 shares of the oil and natural gas company’s stock, valued at approximately $762,000.

A number of other large investors also recently made changes to their positions in SD. Barclays PLC increased its holdings in SandRidge Energy by 87.3% in the third quarter. Barclays PLC now owns 86,752 shares of the oil and natural gas company’s stock valued at $1,062,000 after purchasing an additional 40,427 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of SandRidge Energy during the 4th quarter worth about $1,876,000. SG Americas Securities LLC increased its stake in shares of SandRidge Energy by 3.0% in the 4th quarter. SG Americas Securities LLC now owns 59,526 shares of the oil and natural gas company’s stock valued at $697,000 after acquiring an additional 1,738 shares during the last quarter. Geode Capital Management LLC raised its position in shares of SandRidge Energy by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 742,169 shares of the oil and natural gas company’s stock valued at $9,079,000 after acquiring an additional 11,300 shares during the period. Finally, Royce & Associates LP raised its position in shares of SandRidge Energy by 76.2% in the 4th quarter. Royce & Associates LP now owns 1,094,786 shares of the oil and natural gas company’s stock valued at $12,820,000 after acquiring an additional 473,542 shares during the period. Institutional investors and hedge funds own 61.84% of the company’s stock.

SandRidge Energy Stock Performance

Shares of NYSE SD opened at $9.44 on Friday. SandRidge Energy, Inc. has a 52-week low of $8.81 and a 52-week high of $15.31. The stock has a market cap of $350.65 million, a P/E ratio of 7.38 and a beta of 1.66. The firm has a 50 day moving average price of $11.29 and a 200 day moving average price of $11.58.

SandRidge Energy (NYSE:SD) 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). The firm had revenue of $38.97 million during the quarter, compared to analyst estimates of $50.27 million. SandRidge Energy had a net margin of 39.25% and a return on equity of 7.92%.

SandRidge Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were issued a $0.11 dividend. The ex-dividend date was Thursday, March 20th. This represents a $0.44 annualized dividend and a dividend yield of 4.66%. SandRidge Energy’s dividend payout ratio (DPR) is currently 25.88%.

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.