SIR Capital Management L.P. purchased a new stake in shares of Seadrill Limited (NYSE:SDRL – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 260,971 shares of the oil and gas company’s stock, valued at approximately $9,870,000.
Other large investors have also bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Seadrill in the 2nd quarter valued at approximately $207,509,000. Elliott Investment Management L.P. raised its holdings in Seadrill by 3.5% in the first quarter. Elliott Investment Management L.P. now owns 4,719,085 shares of the oil and gas company’s stock worth $214,718,000 after purchasing an additional 160,327 shares in the last quarter. Vanguard Group Inc. raised its holdings in Seadrill by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 3,807,933 shares of the oil and gas company’s stock worth $131,754,000 after purchasing an additional 23,672 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Seadrill by 10.1% during the first quarter. Dimensional Fund Advisors LP now owns 3,553,281 shares of the oil and gas company’s stock valued at $161,671,000 after buying an additional 326,835 shares during the period. Finally, Adage Capital Partners GP L.L.C. lifted its position in Seadrill by 12.0% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 3,484,940 shares of the oil and gas company’s stock valued at $120,579,000 after buying an additional 373,176 shares during the period. 95.67% of the stock is owned by institutional investors.
Seadrill Trading Down 1.2%
NYSE:SDRL opened at $46.71 on Tuesday. The company’s 50 day moving average price is $42.46 and its 200-day moving average price is $44.71. Seadrill Limited has a 52 week low of $28.10 and a 52 week high of $55.47. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.26. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 1,556.93 and a beta of 1.21.
Analyst Ratings Changes
A number of analysts have recently weighed in on SDRL shares. Fearnley Fonds raised shares of Seadrill from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Zacks Research raised shares of Seadrill from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Capital One Financial set a $55.00 price target on shares of Seadrill and gave the company an “overweight” rating in a research report on Wednesday, July 1st. BWS Financial reissued a “buy” rating and set a $80.00 price objective on shares of Seadrill in a research note on Tuesday, August 11th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Seadrill in a report on Tuesday, June 30th. Three equities research 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, Seadrill currently has an average rating of “Moderate Buy” and a consensus target price of $55.00.
View Our Latest Stock Report on SDRL
Seadrill Company 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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