Seadrill Partners LLC (SDLP) Stake Boosted by Deutsche Bank AG

Deutsche Bank AG grew its stake in shares of Seadrill Partners LLC (NYSE:SDLP) by 96.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 547,760 shares of the oil and gas company’s stock after acquiring an additional 269,360 shares during the quarter. Deutsche Bank AG’s holdings in Seadrill Partners were worth $947,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Millennium Management LLC bought a new position in shares of Seadrill Partners during the 4th quarter valued at $56,000. Q Global Advisors LLC grew its holdings in shares of Seadrill Partners by 11.9% during the 4th quarter. Q Global Advisors LLC now owns 2,237,722 shares of the oil and gas company’s stock valued at $3,871,000 after purchasing an additional 237,722 shares during the last quarter. Prescott Group Capital Management L.L.C. grew its holdings in shares of Seadrill Partners by 164.9% during the 4th quarter. Prescott Group Capital Management L.L.C. now owns 1,597,294 shares of the oil and gas company’s stock valued at $2,763,000 after purchasing an additional 994,398 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of Seadrill Partners by 4.4% during the 4th quarter. Acadian Asset Management LLC now owns 534,562 shares of the oil and gas company’s stock valued at $925,000 after purchasing an additional 22,464 shares during the last quarter. Finally, Marshall Wace North America L.P. bought a new position in shares of Seadrill Partners during the 3rd quarter valued at $58,000. Hedge funds and other institutional investors own 19.37% of the company’s stock.

Separately, ValuEngine lowered shares of Seadrill Partners from a “sell” rating to a “strong sell” rating in a report on Saturday, February 23rd.

SDLP stock opened at $0.59 on Wednesday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.56 and a current ratio of 2.56. Seadrill Partners LLC has a 52 week low of $0.57 and a 52 week high of $3.94. The firm has a market cap of $44.56 million, a P/E ratio of 0.84 and a beta of 1.58.

Seadrill Partners (NYSE:SDLP) last released its earnings results on Tuesday, February 26th. The oil and gas company reported ($0.79) EPS for the quarter. Seadrill Partners had a net margin of 5.40% and a return on equity of 2.02%. The business had revenue of $219.60 million for the quarter.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 8th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 6.78%. The ex-dividend date of this dividend is Tuesday, May 7th.

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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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Institutional Ownership by Quarter for Seadrill Partners (NYSE:SDLP)

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