GSA Capital Partners LLP Takes Position in Seadrill Limited (NYSE:SDRL)

GSA Capital Partners LLP purchased a new stake in shares of Seadrill Limited (NYSE:SDRL) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 59,654 shares of the oil and gas company’s stock, valued at approximately $1,491,000. GSA Capital Partners LLP owned approximately 0.10% of Seadrill at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Dimensional Fund Advisors LP grew its holdings in shares of Seadrill by 12.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,459,524 shares of the oil and gas company’s stock valued at $134,677,000 after buying an additional 384,471 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its holdings in shares of Seadrill by 10.3% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 3,429,169 shares of the oil and gas company’s stock valued at $133,498,000 after buying an additional 320,392 shares in the last quarter. Condire Management LP grew its holdings in shares of Seadrill by 18.2% during the fourth quarter. Condire Management LP now owns 3,039,615 shares of the oil and gas company’s stock valued at $118,332,000 after buying an additional 467,623 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in shares of Seadrill during the fourth quarter valued at $66,400,000. Finally, Patient Capital Management LLC grew its holdings in shares of Seadrill by 63.5% during the fourth quarter. Patient Capital Management LLC now owns 1,676,777 shares of the oil and gas company’s stock valued at $65,277,000 after buying an additional 651,132 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Citigroup reiterated a “buy” rating and set a $36.00 price target (up previously from $35.00) on shares of Seadrill in a report on Wednesday, June 18th. BTIG Research set a $28.00 target price on Seadrill in a research note on Monday, May 5th. Finally, BWS Financial restated a “buy” rating and issued a $80.00 target price on shares of Seadrill in a research note on Tuesday, May 13th.

Seadrill Stock Down 1.5%

Shares of Seadrill stock opened at $30.57 on Wednesday. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 5.78 and a beta of 1.60. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.01 and a quick ratio of 2.01. Seadrill Limited has a 52-week low of $17.74 and a 52-week high of $55.90. The stock has a 50-day simple moving average of $27.40 and a 200-day simple moving average of $27.11.

Seadrill (NYSE:SDRL) last announced its quarterly earnings results on Monday, May 12th. The oil and gas company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.48). The firm had revenue of $335.00 million for the quarter, compared to analyst estimates of $325.69 million. Seadrill had a net margin of 27.49% and a return on equity of 4.68%. On average, equities research 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.