Ajo LP decreased its stake in shares of Seadrill Partners LLC (NASDAQ:SDLP) by 17.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 443,689 shares of the oil and gas company’s stock after selling 94,727 shares during the period. Ajo LP owned 0.48% of Seadrill Partners worth $1,509,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of SDLP. Eqis Capital Management Inc. increased its holdings in shares of Seadrill Partners by 8.2% during the 2nd quarter. Eqis Capital Management Inc. now owns 32,051 shares of the oil and gas company’s stock valued at $109,000 after acquiring an additional 2,429 shares during the last quarter. Quinn Opportunity Partners LLC bought a new stake in Seadrill Partners during the 2nd quarter valued at approximately $111,000. HighTower Advisors LLC boosted its stake in Seadrill Partners by 2.4% during the 1st quarter. HighTower Advisors LLC now owns 48,809 shares of the oil and gas company’s stock valued at $178,000 after purchasing an additional 1,122 shares during the period. UBS Group AG boosted its stake in Seadrill Partners by 129.5% during the 1st quarter. UBS Group AG now owns 264,677 shares of the oil and gas company’s stock valued at $953,000 after purchasing an additional 149,337 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in Seadrill Partners by 481.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 835,066 shares of the oil and gas company’s stock valued at $3,006,000 after purchasing an additional 691,492 shares during the period.
Shares of Seadrill Partners LLC (NASDAQ SDLP) opened at 3.51 on Wednesday. The company’s 50-day moving average price is $3.14 and its 200 day moving average price is $3.19. Seadrill Partners LLC has a 52 week low of $2.61 and a 52 week high of $5.33. The company has a market cap of $322.29 million and a P/E ratio of 1.28.
Seadrill Partners (NASDAQ:SDLP) last announced its quarterly earnings results on Thursday, August 24th. The oil and gas company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.09). The business had revenue of $267.90 million for the quarter, compared to analyst estimates of $231.00 million. Seadrill Partners had a return on equity of 3.76% and a net margin of 6.20%. On average, equities analysts forecast that Seadrill Partners LLC will post $1.99 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Tuesday, August 29th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 11.40%. The ex-dividend date was Friday, August 25th.
Several analysts recently weighed in on the company. BidaskClub upgraded Seadrill Partners from a “sell” rating to a “hold” rating in a research note on Thursday, August 24th. Zacks Investment Research upgraded Seadrill Partners from a “hold” rating to a “buy” rating and set a $4.00 target price for the company in a research note on Friday, May 26th. Finally, ValuEngine downgraded Seadrill Partners from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd.
Seadrill Partners Company Profile
Seadrill Partners LLC is an offshore deepwater drilling company. The Company owns, operates and acquires offshore drilling units. The Company’s subsidiaries include Seadrill Operating LP, Seadrill Capricorn Holdings LLC and Seadrill Partners Operating LLC (collectively, OPCO). The Company’s segment is OPCO’s fleet.
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