Systematic Financial Management LP Has $14.95 Million Stake in Seadrill Limited $SDRL

Systematic Financial Management LP decreased its holdings in shares of Seadrill Limited (NYSE:SDRL) by 4.7% in the 4th quarter, Holdings Channel reports. The fund owned 432,043 shares of the oil and gas company’s stock after selling 21,480 shares during the period. Systematic Financial Management LP’s holdings in Seadrill were worth $14,949,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Seadrill by 0.6% during 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 acquiring an additional 23,672 shares in the last quarter. Schf GPE LLC acquired a new position in Seadrill during the second quarter worth about $60,132,000. Goehring & Rozencwajg Associates LLC raised its stake in Seadrill by 0.7% during the third quarter. Goehring & Rozencwajg Associates LLC now owns 1,695,114 shares of the oil and gas company’s stock worth $51,209,000 after acquiring an additional 11,113 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Seadrill by 0.8% during the third quarter. BNP Paribas Financial Markets now owns 1,681,094 shares of the oil and gas company’s stock worth $50,786,000 after acquiring an additional 13,481 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in Seadrill by 64.4% during the third quarter. American Century Companies Inc. now owns 884,430 shares of the oil and gas company’s stock worth $26,719,000 after acquiring an additional 346,409 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on SDRL. Barclays raised 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 research note on Thursday, May 7th. Zacks Research raised Seadrill from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Wall Street Zen raised Seadrill from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Citigroup upped their price objective on Seadrill from $46.00 to $48.00 and gave the company a “neutral” rating in a research note on Wednesday, April 15th. Finally, Fearnley Fonds raised Seadrill from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $55.00.

Seadrill Stock Performance

Shares of SDRL stock opened at $51.06 on Monday. The business’s 50 day simple moving average is $47.56 and its 200 day simple moving average is $39.95. Seadrill Limited has a one year low of $22.30 and a one year high of $55.47. The stock has a market capitalization of $3.19 billion, a PE ratio of -45.59 and a beta of 1.25. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.94 and a quick ratio of 1.94.

Seadrill (NYSE:SDRL) last announced its earnings results on Monday, May 11th. The oil and gas company reported ($0.11) 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 during the quarter, compared to the consensus estimate of $326.75 million. As a group, research analysts forecast that Seadrill Limited will post 0.04 earnings per share for the current year.

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.