ExodusPoint Capital Management LP bought a new position in SandRidge Energy, Inc. (NYSE:SD – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 42,260 shares of the oil and natural gas company’s stock, valued at approximately $609,000. ExodusPoint Capital Management LP owned approximately 0.11% of SandRidge Energy as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently made changes to their positions in SD. Thompson Siegel & Walmsley LLC increased its stake in shares of SandRidge Energy by 10.0% during the first quarter. Thompson Siegel & Walmsley LLC now owns 364,111 shares of the oil and natural gas company’s stock valued at $5,247,000 after purchasing an additional 33,013 shares in the last quarter. American Century Companies Inc. increased its stake in SandRidge Energy by 18.7% during the 1st quarter. American Century Companies Inc. now owns 406,168 shares of the oil and natural gas company’s stock valued at $5,853,000 after purchasing an additional 64,082 shares in the last quarter. Resources Investment Advisors LLC. purchased a new position in SandRidge Energy in the first quarter worth about $172,000. Wedbush Securities Inc. lifted its stake in shares of SandRidge Energy by 36.1% in the first quarter. Wedbush Securities Inc. now owns 33,379 shares of the oil and natural gas company’s stock worth $481,000 after buying an additional 8,847 shares in the last quarter. Finally, US Bancorp DE purchased a new stake in shares of SandRidge Energy during the first quarter valued at approximately $42,000. Hedge funds and other institutional investors own 20.81% of the company’s stock.
SandRidge Energy Trading Up 0.1 %
Shares of SD stock opened at $16.28 on Thursday. The stock has a market capitalization of $601.87 million, a P/E ratio of 2.99 and a beta of 2.39. The firm’s 50 day moving average is $15.98 and its 200 day moving average is $15.05. SandRidge Energy, Inc. has a 12-month low of $12.62 and a 12-month high of $22.05.
SandRidge Energy Announces Dividend
The firm also recently disclosed a — dividend, which was paid on Monday, August 28th. Investors of record on Monday, August 14th were issued a $0.10 dividend. The ex-dividend date was Friday, August 11th. SandRidge Energy’s payout ratio is 7.45%.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on SD. TheStreet raised SandRidge Energy from a “c+” rating to a “b” rating in a research report on Thursday, August 3rd. StockNews.com started coverage on SandRidge Energy in a research report on Thursday, August 17th. They issued a “hold” rating for the company.
View Our Latest Report on SandRidge Energy
SandRidge Energy Company Profile
SandRidge Energy, Inc engages in the acquisition, development, and production of oil and natural gas primarily in the United States Mid-Continent. As of December 31, 2022, it had an interest in 1,471 gross producing wells. The company was incorporated in 2006 and is headquartered in Oklahoma City, Oklahoma.
Featured Stories
- Five stocks we like better than SandRidge Energy
- Do ETFs Pay Dividends? What You Need to Know
- These Quality Dividend Kings Grow their Dividends the Fastest
- Roth IRA Calculator: Calculate Your Potential Returns
- 3 Growth Stocks to Buy in September
- What Do S&P 500 Stocks Tell Investors About the Market?
- 3 Underappreciated Stocks with Nowhere to Go But Up
Want to see what other hedge funds are holding SD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SandRidge Energy, Inc. (NYSE:SD – Free Report).
Receive News & Ratings for SandRidge Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SandRidge Energy and related companies with MarketBeat.com's FREE daily email newsletter.
