Seadrill Limited $SDRL Shares Bought by Hosking Partners LLP

Hosking Partners LLP grew its holdings in Seadrill Limited (NYSE:SDRL) by 14.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 714,150 shares of the oil and gas company’s stock after purchasing an additional 91,175 shares during the period. Hosking Partners LLP’s holdings in Seadrill were worth $24,710,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in Seadrill during the 2nd quarter worth approximately $27,000. EverSource Wealth Advisors LLC acquired a new stake in Seadrill during the 2nd quarter worth $42,000. Aquatic Capital Management LLC acquired a new stake in Seadrill during the 3rd quarter worth $44,000. CIBC Private Wealth Group LLC acquired a new position in Seadrill during the third quarter worth approximately $61,000. Finally, Farther Finance Advisors LLC increased its stake in Seadrill by 19.7% in the third quarter. Farther Finance Advisors LLC now owns 2,086 shares of the oil and gas company’s stock valued at $63,000 after purchasing an additional 343 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on SDRL shares. Barclays raised Seadrill from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $41.00 to $59.00 in a report on Thursday. Wall Street Zen upgraded shares of Seadrill from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. BWS Financial reissued a “buy” rating and issued a $80.00 price target on shares of Seadrill in a research note on Tuesday, April 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Seadrill in a research note on Thursday, April 2nd. Finally, Zacks Research raised Seadrill from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Seadrill presently has an average rating of “Moderate Buy” and a consensus target price of $55.00.

Seadrill Trading Down 0.1%

Shares of SDRL opened at $48.27 on Monday. Seadrill Limited has a 1-year low of $22.30 and a 1-year high of $50.24. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $3.01 billion, a P/E ratio of -38.93 and a beta of 1.25. The business’s 50-day moving average price is $45.72 and its 200 day moving average price is $38.36.

Seadrill (NYSE:SDRL) last released its earnings results on Wednesday, February 25th. The oil and gas company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.05. Seadrill had a negative return on equity of 2.07% and a negative net margin of 5.36%.The company had revenue of $362.00 million for the quarter, compared to analysts’ expectations of $335.36 million. Analysts expect that Seadrill Limited will post 0.76 earnings per share for the current year.

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.