Goehring & Rozencwajg Associates LLC Has $66.42 Million Holdings in Seadrill Limited $SDRL

Goehring & Rozencwajg Associates LLC lifted its position in Seadrill Limited (NYSE:SDRL) by 13.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,919,681 shares of the oil and gas company’s stock after buying an additional 224,567 shares during the period. Seadrill accounts for 6.4% of Goehring & Rozencwajg Associates LLC’s portfolio, making the stock its 2nd biggest position. Goehring & Rozencwajg Associates LLC’s holdings in Seadrill were worth $66,421,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Amica Retiree Medical Trust raised its holdings in Seadrill by 13.7% in the third quarter. Amica Retiree Medical Trust now owns 2,942 shares of the oil and gas company’s stock worth $89,000 after purchasing an additional 355 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Seadrill by 20.2% in the fourth quarter. Farther Finance Advisors LLC now owns 2,508 shares of the oil and gas company’s stock worth $87,000 after purchasing an additional 422 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Seadrill by 11.7% in the third quarter. PNC Financial Services Group Inc. now owns 4,615 shares of the oil and gas company’s stock worth $139,000 after purchasing an additional 484 shares in the last quarter. Osaic Holdings Inc. raised its holdings in Seadrill by 18.8% in the second quarter. Osaic Holdings Inc. now owns 3,521 shares of the oil and gas company’s stock worth $92,000 after purchasing an additional 558 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in Seadrill by 1.0% in the third quarter. Alliancebernstein L.P. now owns 72,020 shares of the oil and gas company’s stock worth $2,176,000 after purchasing an additional 700 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors.

Seadrill Stock Performance

SDRL opened at $44.40 on Friday. Seadrill Limited has a 52-week low of $25.48 and a 52-week 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 company has a market cap of $2.78 billion, a P/E ratio of -39.64 and a beta of 1.19. The firm’s 50-day moving average price is $48.18 and its 200-day moving average price is $41.60.

Seadrill (NYSE:SDRL) last posted its quarterly earnings data 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 net margin of 4.79% and a negative return on equity of 1.84%. The company had revenue of $358.00 million for the quarter, compared to analyst estimates of $326.75 million. As a group, equities analysts anticipate that Seadrill Limited will post 0.04 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on SDRL shares. Wall Street Zen upgraded shares of Seadrill from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. BTIG Research boosted their target price on shares of Seadrill from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Zacks Research upgraded shares of Seadrill from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Barclays upgraded shares of Seadrill from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $41.00 to $59.00 in a report on Thursday, May 7th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Seadrill in a report on Thursday, April 2nd. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Seadrill presently has a consensus rating of “Moderate Buy” and an average price target of $55.00.

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.