Arrow Investment Advisors LLC lessened its holdings in shares of Seadrill Partners LLC (NYSE:SDLP) by 11.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 127,355 shares of the oil and gas company’s stock after selling 16,785 shares during the period. Arrow Investment Advisors LLC’s holdings in Seadrill Partners were worth $220,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Marshall Wace North America L.P. acquired a new position in shares of Seadrill Partners during the third quarter worth $58,000. GSA Capital Partners LLP lifted its holdings in shares of Seadrill Partners by 82.9% during the third quarter. GSA Capital Partners LLP now owns 38,128 shares of the oil and gas company’s stock worth $140,000 after purchasing an additional 17,278 shares during the period. Wells Fargo & Company MN lifted its holdings in Seadrill Partners by 133.6% in the third quarter. Wells Fargo & Company MN now owns 64,218 shares of the oil and gas company’s stock valued at $236,000 after buying an additional 36,725 shares during the period. Russell Investments Group Ltd. acquired a new position in Seadrill Partners in the third quarter valued at $485,000. Finally, Renaissance Technologies LLC lifted its holdings in Seadrill Partners by 7.8% in the second quarter. Renaissance Technologies LLC now owns 214,400 shares of the oil and gas company’s stock valued at $744,000 after buying an additional 15,512 shares during the period. Institutional investors own 18.42% of the company’s stock.
Separately, ValuEngine upgraded shares of Seadrill Partners from a “strong sell” rating to a “sell” rating in a report on Monday, January 7th.
SDLP stock opened at $1.09 on Wednesday. The firm has a market capitalization of $82.06 million, a P/E ratio of 0.62 and a beta of 1.71. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 1.03. Seadrill Partners LLC has a 12-month low of $1.00 and a 12-month high of $3.94.
Seadrill Partners (NYSE:SDLP) last released its earnings results on Tuesday, November 20th. The oil and gas company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.21). The firm had revenue of $206.20 million during the quarter. Seadrill Partners had a net margin of 13.18% and a return on equity of 4.81%.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 14th. Investors of record on Thursday, February 7th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, February 6th. This represents a $0.04 annualized dividend and a yield of 3.67%.
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About Seadrill Partners
Seadrill Partners LLC owns, operates, and acquires offshore drilling units in the United States, Angola, Thailand, Canada, Equatorial Guinea, Nigeria, Indonesia, Ghana, and internationally. The company primarily serves various oil and gas companies. As of March 31, 2018, its fleet consisted of four semi-submersible drilling rigs, four drillships, and three tender rigs.
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