Seadrill Partners LLC (SDLP) Position Maintained by Barings LLC
Barings LLC held its position in shares of Seadrill Partners LLC (NASDAQ:SDLP) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 635,944 shares of the oil and gas company’s stock at the end of the first quarter. Barings LLC owned about 0.69% of Seadrill Partners worth $2,289,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Acrospire Investment Management LLC raised its position in Seadrill Partners by 1.2% in the first quarter. Acrospire Investment Management LLC now owns 27,735 shares of the oil and gas company’s stock worth $100,000 after buying an additional 335 shares during the period. Nine Chapters Capital Management LLC acquired a new stake in Seadrill Partners during the first quarter valued at approximately $104,000. Creative Planning increased its position in shares of Seadrill Partners by 1,711.4% in the first quarter. Creative Planning now owns 63,506 shares of the oil and gas company’s stock valued at $229,000 after buying an additional 60,000 shares during the last quarter. Russell Investments Group Ltd. bought a new position in Seadrill Partners during the fourth quarter worth approximately $712,000. Finally, UBS Group AG increased its position in Seadrill Partners by 129.5% in the first quarter. UBS Group AG now owns 264,677 shares of the oil and gas company’s stock worth $953,000 after buying an additional 149,337 shares in the last quarter.
Shares of Seadrill Partners LLC (SDLP) opened at 3.34 on Wednesday. The firm has a 50-day moving average price of $3.29 and a 200 day moving average price of $3.60. Seadrill Partners LLC has a 12 month low of $2.70 and a 12 month high of $6.29. The firm has a market capitalization of $306.68 million and a price-to-earnings ratio of 1.02.
Seadrill Partners (NASDAQ:SDLP) last released its quarterly earnings data on Wednesday, May 24th. The oil and gas company reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.43. Seadrill Partners had a return on equity of 18.72% and a net margin of 32.64%. The company had revenue of $327.50 million for the quarter, compared to the consensus estimate of $367 million. On average, analysts anticipate that Seadrill Partners LLC will post $1.48 EPS for the current fiscal year.
A number of research firms recently issued reports on SDLP. Zacks Investment Research raised shares of Seadrill Partners from a “hold” rating to a “buy” rating and set a $4.00 target price for the company in a research report on Friday, May 26th. ValuEngine cut Seadrill Partners from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, BidaskClub lowered Seadrill Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $6.00.
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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