Tejara Capital Ltd increased its position in Seadrill Limited (NYSE:SDRL – Free Report) by 100.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 367,868 shares of the oil and gas company’s stock after purchasing an additional 184,616 shares during the period. Seadrill accounts for 3.0% of Tejara Capital Ltd’s portfolio, making the stock its 3rd biggest position. Tejara Capital Ltd owned approximately 0.59% of Seadrill worth $12,728,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of Seadrill during the 2nd quarter valued at $27,000. Aquatic Capital Management LLC bought a new position in shares of Seadrill in the 3rd quarter worth about $44,000. EverSource Wealth Advisors LLC bought a new position in shares of Seadrill in the 2nd quarter worth about $42,000. CIBC Private Wealth Group LLC purchased a new position in Seadrill during the 3rd quarter valued at about $61,000. Finally, State of Alaska Department of Revenue bought a new stake in Seadrill during the third quarter worth about $68,000. Institutional investors own 95.67% of the company’s stock.
Analyst Upgrades and Downgrades
SDRL has been the topic of a number of recent research reports. Weiss Ratings restated a “sell (d+)” rating on shares of Seadrill in a report on Thursday, April 2nd. Zacks Research raised Seadrill from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Wall Street Zen raised Seadrill from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Citigroup upped their price target on Seadrill from $46.00 to $48.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 15th. Finally, BWS Financial reiterated a “buy” rating and set a $80.00 price objective on shares of Seadrill in a research note on Tuesday, April 7th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Seadrill has an average rating of “Moderate Buy” and a consensus target price of $55.00.
Seadrill Stock Up 2.7%
NYSE:SDRL opened at $51.41 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.03 and a current ratio of 1.94. The firm has a market cap of $3.21 billion, a P/E ratio of -45.90 and a beta of 1.25. Seadrill Limited has a fifty-two week low of $22.30 and a fifty-two week high of $51.68. The firm has a 50-day simple moving average of $46.34 and a two-hundred day simple moving average of $39.03.
Seadrill (NYSE:SDRL – Get Free Report) last issued its earnings results on Monday, May 11th. The oil and gas company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.01). The firm had revenue of $358.00 million during the quarter, compared to the consensus estimate of $326.75 million. Seadrill had a negative return on equity of 1.84% and a negative net margin of 4.79%. Analysts predict that Seadrill Limited will post 0.76 earnings per share for the current fiscal year.
Seadrill Profile
Seadrill Limited, trading on the New York Stock Exchange under the symbol SDRL, is a leading provider of offshore drilling services to the global oil and gas industry. The company specializes in the design, construction, deployment and operation of mobile offshore drilling units, serving major exploration and production companies with turnkey drilling solutions.
Seadrill’s fleet comprises ultra-deepwater drillships, semi-submersible rigs and high-specification jack-up units capable of operating in some of the world’s most challenging offshore environments.
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