Foresight Global Investors Inc. acquired a new stake in shares of Seadrill Limited (NYSE:SDRL – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 94,510 shares of the oil and gas company’s stock, valued at approximately $3,574,000. Seadrill makes up 2.2% of Foresight Global Investors Inc.’s portfolio, making the stock its 12th biggest position.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in Seadrill by 10.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,553,281 shares of the oil and gas company’s stock worth $161,671,000 after purchasing an additional 326,835 shares during the last quarter. Elliott Investment Management L.P. boosted its stake in shares of Seadrill by 3.5% in the 1st quarter. Elliott Investment Management L.P. now owns 4,719,085 shares of the oil and gas company’s stock valued at $214,718,000 after purchasing an additional 160,327 shares during the last quarter. Quantinno Capital Management LP boosted its stake in shares of Seadrill by 91.9% in the 1st quarter. Quantinno Capital Management LP now owns 71,916 shares of the oil and gas company’s stock valued at $3,272,000 after purchasing an additional 34,436 shares during the last quarter. Hosking Partners LLP increased its position in shares of Seadrill by 14.6% during the fourth quarter. Hosking Partners LLP now owns 714,150 shares of the oil and gas company’s stock worth $24,710,000 after buying an additional 91,175 shares during the period. Finally, Goehring & Rozencwajg Associates LLC increased its position in shares of Seadrill by 27.6% during the first quarter. Goehring & Rozencwajg Associates LLC now owns 2,449,565 shares of the oil and gas company’s stock worth $111,455,000 after buying an additional 529,884 shares during the period. Institutional investors own 95.67% of the company’s stock.
Seadrill Stock Performance
Shares of Seadrill stock opened at $46.27 on Thursday. The business has a 50-day simple moving average of $42.24 and a 200 day simple moving average of $44.53. Seadrill Limited has a one year low of $28.10 and a one year high of $55.47. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.50 and a quick ratio of 2.50. The firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of 1,542.50 and a beta of 1.21.
Wall Street Analysts Forecast Growth
SDRL has been the subject of several research analyst reports. Capital One Financial set a $55.00 price objective on Seadrill and gave the stock an “overweight” rating in a research report on Wednesday, July 1st. Fearnley Fonds raised Seadrill from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Barclays raised Seadrill from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $41.00 to $59.00 in a research note on Thursday, May 7th. Zacks Research raised Seadrill from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Finally, BWS Financial reissued a “buy” rating and issued a $80.00 price target on shares of Seadrill in a research note on Tuesday, August 11th. Three research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $55.00.
Read 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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