Ieq Capital LLC bought a new stake in Seadrill Limited (NYSE:SDRL – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 16,934 shares of the oil and gas company’s stock, valued at approximately $640,000.
Other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in Seadrill during the 2nd quarter worth approximately $27,000. EverSource Wealth Advisors LLC purchased a new position in Seadrill in the 2nd quarter worth approximately $42,000. Aquatic Capital Management LLC bought a new stake in Seadrill in the third quarter valued at approximately $44,000. State of Wyoming purchased a new stake in shares of Seadrill during the second quarter valued at approximately $55,000. Finally, CIBC Private Wealth Group LLC purchased a new stake in shares of Seadrill during the third quarter valued at approximately $61,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.
Seadrill Stock Performance
NYSE:SDRL opened at $47.59 on Friday. 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 firm’s fifty day simple moving average is $43.10 and its 200 day simple moving average is $44.90. The stock has a market cap of $2.98 billion, a P/E ratio of 1,586.33 and a beta of 1.21. Seadrill Limited has a twelve month low of $28.10 and a twelve month high of $55.47.
Wall Street Analysts Forecast Growth
SDRL has been the topic of a number of analyst reports. Fearnley Fonds upgraded shares of Seadrill from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Seadrill in a report on Tuesday, June 30th. Capital One Financial set a $55.00 target price on Seadrill and gave the stock an “overweight” rating in a research note on Wednesday, July 1st. BWS Financial restated a “buy” rating and set a $80.00 price target on shares of Seadrill in a report on Tuesday, August 11th. Finally, Barclays raised Seadrill from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $41.00 to $59.00 in a research report on Thursday, May 7th. Three research 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 given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $55.00.
Read Our Latest Analysis on Seadrill
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.
Featured Stories
- Five stocks we like better than Seadrill
- 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole
- IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings
- Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude?
- Okta Stock Surges 29%—Is $200 the Next Stop?
Want to see what other hedge funds are holding SDRL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Seadrill Limited (NYSE:SDRL – Free Report).
Receive News & Ratings for Seadrill Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seadrill and related companies with MarketBeat.com's FREE daily email newsletter.
