Healthcare of Ontario Pension Plan Trust Fund Raises Holdings in Seadrill Limited $SDRL

Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Seadrill Limited (NYSE:SDRL) by 3.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 342,645 shares of the oil and gas company’s stock after purchasing an additional 11,774 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned about 0.55% of Seadrill worth $15,590,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in SDRL. Farther Finance Advisors LLC boosted its position in shares of Seadrill by 20.2% in the 4th quarter. Farther Finance Advisors LLC now owns 2,508 shares of the oil and gas company’s stock valued at $87,000 after purchasing an additional 422 shares during the period. Osaic Holdings Inc. increased its position in Seadrill by 18.8% during the second quarter. Osaic Holdings Inc. now owns 3,521 shares of the oil and gas company’s stock worth $92,000 after buying an additional 558 shares during the period. Swiss National Bank increased its position in Seadrill by 0.5% during the first quarter. Swiss National Bank now owns 117,200 shares of the oil and gas company’s stock worth $5,333,000 after buying an additional 600 shares during the period. Alliancebernstein L.P. lifted its stake 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 valued at $2,176,000 after buying an additional 700 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Seadrill by 4.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,556 shares of the oil and gas company’s stock valued at $642,000 after buying an additional 716 shares during the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Seadrill Stock Performance

NYSE:SDRL opened at $42.95 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.94 and a quick ratio of 1.94. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of -38.34 and a beta of 1.27. The firm’s fifty day moving average price is $43.48 and its 200 day moving average price is $43.54. Seadrill Limited has a 1-year low of $27.40 and a 1-year high of $55.47.

Seadrill (NYSE:SDRL) last announced its quarterly earnings data on Monday, May 11th. The oil and gas company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.01). Seadrill had a negative return on equity of 1.84% and a negative net margin of 4.79%.The firm had revenue of $358.00 million for the quarter, compared to analysts’ expectations of $326.75 million. On average, sell-side analysts expect that Seadrill Limited will post 0.37 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Barclays upgraded shares of 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 report on Thursday, May 7th. BTIG Research upped their price target on shares of Seadrill from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Capital One Financial set a $55.00 price objective on shares of Seadrill and gave the stock an “overweight” rating in a research report on Wednesday, July 1st. Fearnley Fonds upgraded shares of Seadrill from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Finally, Citigroup upped their target price on shares of Seadrill from $46.00 to $48.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. Three investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.00.

About Seadrill

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.