Farther Finance Advisors LLC Grows Stake in Seadrill Limited (NYSE:SDRL)

Farther Finance Advisors LLC raised its stake in Seadrill Limited (NYSE:SDRL) by 10,733.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,300 shares of the oil and gas company’s stock after acquiring an additional 1,288 shares during the quarter. Farther Finance Advisors LLC’s holdings in Seadrill were worth $33,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its stake in Seadrill by 4,509.4% in the first quarter. GAMMA Investing LLC now owns 7,375 shares of the oil and gas company’s stock valued at $184,000 after acquiring an additional 7,215 shares during the last quarter. Versant Capital Management Inc boosted its stake in Seadrill by 412.2% in the first quarter. Versant Capital Management Inc now owns 1,347 shares of the oil and gas company’s stock valued at $34,000 after acquiring an additional 1,084 shares during the last quarter. Hara Capital LLC lifted its stake in shares of Seadrill by 4.0% during the 4th quarter. Hara Capital LLC now owns 36,301 shares of the oil and gas company’s stock valued at $1,413,000 after buying an additional 1,410 shares in the last quarter. Mackenzie Financial Corp purchased a new stake in shares of Seadrill during the 4th quarter valued at approximately $489,000. Finally, CSS LLC IL lifted its stake in shares of Seadrill by 123.5% during the 4th quarter. CSS LLC IL now owns 19,000 shares of the oil and gas company’s stock valued at $740,000 after buying an additional 10,500 shares in the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on SDRL. BTIG Research set a $28.00 price target on shares of Seadrill in a research note on Monday, May 5th. Citigroup restated a “buy” rating and set a $36.00 price target (up from $35.00) on shares of Seadrill in a research note on Wednesday, June 18th. Finally, BWS Financial restated a “buy” rating and set a $80.00 price target on shares of Seadrill in a research note on Tuesday, May 13th.

Seadrill Stock Performance

Seadrill stock opened at $26.10 on Wednesday. The firm’s 50 day simple moving average is $24.08 and its 200 day simple moving average is $28.63. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $1.62 billion, a PE ratio of 4.93 and a beta of 1.55. Seadrill Limited has a 1-year low of $17.74 and a 1-year high of $56.46.

Seadrill (NYSE:SDRL) last issued its quarterly earnings results on Monday, May 12th. The oil and gas company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.48). The company had revenue of $335.00 million during the quarter, compared to the consensus estimate of $325.69 million. Seadrill had a return on equity of 4.68% and a net margin of 27.49%. As a group, analysts expect that Seadrill Limited will post 1.86 earnings per share for the current fiscal year.

Seadrill Profile

Seadrill Ltd. engages in the provision of offshore drilling services to the oil and gas industry. It operates through the following segments: Floaters, Jack-up rigs, and Other. The Floaters segment encompasses drilling, completion, and maintenance of offshore exploration and production wells. the Jack-up Rigs segment includes drilling contracts relate to jack-up rigs for operations in harsh and benign environments in shallow water.