Dockside LLC acquired a new position in shares of Seadrill Limited (NYSE:SDRL – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 160,754 shares of the oil and gas company’s stock, valued at approximately $5,562,000. Seadrill makes up approximately 1.4% of Dockside LLC’s investment portfolio, making the stock its 13th biggest position. Dockside LLC owned approximately 0.26% of Seadrill as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of Seadrill in the 2nd quarter valued at $27,000. EverSource Wealth Advisors LLC acquired a new position in shares of Seadrill in the 2nd quarter valued at $42,000. Aquatic Capital Management LLC acquired a new position in shares of Seadrill in the 3rd quarter valued at $44,000. CIBC Private Wealth Group LLC acquired a new position in shares of Seadrill in the 3rd quarter valued at $61,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of Seadrill by 20.2% in the 4th quarter. Farther Finance Advisors LLC now owns 2,508 shares of the oil and gas company’s stock valued at $87,000 after acquiring an additional 422 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.
Seadrill Stock Performance
NYSE:SDRL opened at $44.40 on Friday. The firm’s fifty day moving average price is $48.18 and its 200 day moving average price is $41.60. Seadrill Limited has a 1-year low of $25.48 and a 1-year high of $55.47. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.94 and a quick ratio of 1.94. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of -39.64 and a beta of 1.19.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on SDRL shares. Citigroup lifted their target price on shares of Seadrill from $46.00 to $48.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. Zacks Research raised shares of Seadrill from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. BWS Financial reaffirmed a “buy” rating and issued a $80.00 target price on shares of Seadrill in a report on Tuesday, April 7th. Wall Street Zen raised shares of Seadrill from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Finally, BTIG Research lifted their target price on shares of Seadrill from $50.00 to $55.00 and gave the company a “buy” rating in a report on Friday, April 17th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Seadrill currently has an average rating of “Moderate Buy” and an average price target of $55.00.
Check Out Our Latest Research Report on Seadrill
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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