Seadrill Limited $SDRL Stock Holdings Lessened by Contrarius Group Holdings Ltd

Contrarius Group Holdings Ltd trimmed its stake in Seadrill Limited (NYSE:SDRL) by 17.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 247,094 shares of the oil and gas company’s stock after selling 53,528 shares during the quarter. Contrarius Group Holdings Ltd’s holdings in Seadrill were worth $8,549,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of SDRL. Schf GPE LLC acquired a new stake in shares of Seadrill during the 2nd quarter valued at $60,132,000. American Century Companies Inc. boosted its stake in shares of Seadrill by 64.4% during the 3rd quarter. American Century Companies Inc. now owns 884,430 shares of the oil and gas company’s stock valued at $26,719,000 after buying an additional 346,409 shares during the period. SIR Capital Management L.P. boosted its stake in shares of Seadrill by 804.1% during the 3rd quarter. SIR Capital Management L.P. now owns 377,647 shares of the oil and gas company’s stock valued at $11,409,000 after buying an additional 335,877 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Seadrill by 24.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,138,275 shares of the oil and gas company’s stock valued at $39,384,000 after buying an additional 224,673 shares during the period. Finally, DNB Asset Management AS boosted its stake in shares of Seadrill by 37.3% during the 3rd quarter. DNB Asset Management AS now owns 815,644 shares of the oil and gas company’s stock valued at $24,641,000 after buying an additional 221,388 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Citigroup boosted their target price on Seadrill from $46.00 to $48.00 and gave the company a “neutral” rating in a research note on Wednesday, April 15th. Fearnley Fonds upgraded Seadrill from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Zacks Research upgraded Seadrill from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. BWS Financial restated a “buy” rating and issued a $80.00 price objective on shares of Seadrill in a report on Tuesday, April 7th. Finally, Wall Street Zen upgraded Seadrill from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $55.00.

Seadrill Stock Up 0.0%

Seadrill stock opened at $44.39 on Monday. The company has a market capitalization of $2.78 billion, a P/E ratio of -39.64 and a beta of 1.19. The firm’s fifty day simple moving average is $48.24 and its 200-day simple moving average is $41.19. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.22. Seadrill Limited has a 1-year low of $25.02 and a 1-year high of $55.47.

Seadrill (NYSE:SDRL) last announced its quarterly earnings results on Monday, May 11th. The oil and gas company reported ($0.11) earnings per share 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 company had revenue of $358.00 million during the quarter, compared to analyst estimates of $326.75 million. Sell-side analysts forecast that Seadrill Limited will post 0.04 earnings per share for the current fiscal 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.