SIR Capital Management L.P. Has $5.34 Million Stock Holdings in Seadrill Limited $SDRL

SIR Capital Management L.P. lessened its holdings in shares of Seadrill Limited (NYSE:SDRL) by 59.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 154,199 shares of the oil and gas company’s stock after selling 223,448 shares during the period. SIR Capital Management L.P. owned 0.25% of Seadrill worth $5,335,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Wells Fargo & Company MN grew its holdings in Seadrill by 54.6% during the 4th quarter. Wells Fargo & Company MN now owns 69,836 shares of the oil and gas company’s stock worth $2,416,000 after acquiring an additional 24,651 shares during the period. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in Seadrill during the 4th quarter worth $1,000,000. HRT Financial LP acquired a new stake in Seadrill during the 4th quarter worth $1,761,000. Dimensional Fund Advisors LP grew its holdings in Seadrill by 1.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,226,446 shares of the oil and gas company’s stock worth $111,635,000 after acquiring an additional 34,511 shares during the period. Finally, Robotti Robert grew its holdings in Seadrill by 17.8% during the 4th quarter. Robotti Robert now owns 18,910 shares of the oil and gas company’s stock worth $654,000 after acquiring an additional 2,860 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Zacks Research raised shares of Seadrill from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. BWS Financial reaffirmed a “buy” rating and set a $80.00 target price on shares of Seadrill in a report on Tuesday, April 7th. Wall Street Zen raised shares of Seadrill from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Barclays raised shares of Seadrill from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $41.00 to $59.00 in a report on Thursday, May 7th. Finally, BTIG Research lifted their price target on shares of Seadrill from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.00.

Seadrill Trading Up 0.0%

Shares of NYSE SDRL opened at $44.40 on Friday. The company’s fifty day moving average is $48.18 and its 200-day moving average is $41.60. The stock has a market cap of $2.78 billion, a price-to-earnings ratio of -39.64 and a beta of 1.19. Seadrill Limited has a twelve month low of $25.48 and a twelve month 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.

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). The firm had revenue of $358.00 million for the quarter, compared to the consensus estimate of $326.75 million. Seadrill had a negative return on equity of 1.84% and a negative net margin of 4.79%. Equities research analysts predict that Seadrill Limited will post 0.04 EPS 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.