Bridgeway Capital Management LLC Purchases 33,787 Shares of Seadrill Limited $SDRL

Bridgeway Capital Management LLC raised its position in shares of Seadrill Limited (NYSE:SDRLFree Report) by 8.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 413,721 shares of the oil and gas company’s stock after acquiring an additional 33,787 shares during the period. Bridgeway Capital Management LLC’s holdings in Seadrill were worth $14,315,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of SDRL. Raymond James Financial Inc. bought a new stake in Seadrill during the second quarter valued at about $27,000. EverSource Wealth Advisors LLC acquired a new position in shares of Seadrill during the second quarter valued at about $42,000. Aquatic Capital Management LLC acquired a new position in shares of Seadrill during the third quarter valued at about $44,000. CIBC Private Wealth Group LLC acquired a new position in shares of Seadrill during the third quarter valued at about $61,000. Finally, Farther Finance Advisors LLC raised its position in shares of Seadrill by 20.2% during the fourth quarter. Farther Finance Advisors LLC now owns 2,508 shares of the oil and gas company’s stock valued at $87,000 after buying an additional 422 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors.

Seadrill Stock Performance

NYSE:SDRL opened at $40.13 on Thursday. Seadrill Limited has a 12-month low of $25.48 and a 12-month high of $55.47. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $2.51 billion, a PE ratio of -35.83 and a beta of 1.19. The firm has a 50-day moving average price of $47.86 and a 200 day moving average price of $41.91.

Seadrill (NYSE:SDRLGet Free Report) last posted its quarterly 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). Seadrill had a negative return on equity of 1.84% and a negative net margin of 4.79%.The business had revenue of $358.00 million during the quarter, compared to analyst estimates of $326.75 million. Research analysts anticipate that Seadrill Limited will post 0.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on SDRL. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Seadrill in a research report on Thursday, April 2nd. BTIG Research upped their price objective on shares of Seadrill from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, April 17th. BWS Financial reaffirmed a “buy” rating and set a $80.00 price objective on shares of Seadrill in a research report on Tuesday, April 7th. Wall Street Zen raised shares of Seadrill from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Fearnley Fonds raised shares of Seadrill from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $55.00.

Get Our Latest Stock Analysis on Seadrill

Seadrill Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Seadrill (NYSE:SDRL)

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