Truffle Hound Capital LLC Purchases New Holdings in Seadrill Limited (NYSE:SDRL)

Truffle Hound Capital LLC purchased a new stake in Seadrill Limited (NYSE:SDRL) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 60,000 shares of the oil and gas company’s stock, valued at approximately $1,500,000. Truffle Hound Capital LLC owned approximately 0.10% of Seadrill as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. LPL Financial LLC increased its stake in shares of Seadrill by 409.8% during the 4th quarter. LPL Financial LLC now owns 57,543 shares of the oil and gas company’s stock worth $2,240,000 after purchasing an additional 46,255 shares during the last quarter. Vanguard Group Inc. grew its holdings in Seadrill by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 540,864 shares of the oil and gas company’s stock worth $21,056,000 after purchasing an additional 16,230 shares during the period. JPMorgan Chase & Co. increased its position in Seadrill by 134.8% during the fourth quarter. JPMorgan Chase & Co. now owns 206,738 shares of the oil and gas company’s stock worth $8,048,000 after buying an additional 118,699 shares during the last quarter. Norges Bank acquired a new position in Seadrill during the fourth quarter worth approximately $33,104,000. Finally, Orion Portfolio Solutions LLC bought a new stake in Seadrill in the fourth quarter valued at approximately $520,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

Seadrill Price Performance

Shares of NYSE SDRL opened at $27.79 on Friday. The firm has a market cap of $1.73 billion, a P/E ratio of 5.25 and a beta of 1.60. The business’s 50 day moving average is $27.75 and its 200-day moving average is $27.08. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.21. Seadrill Limited has a 1-year low of $17.74 and a 1-year high of $51.84.

Seadrill (NYSE:SDRL) last posted its quarterly earnings data on Monday, May 12th. The oil and gas company reported ($0.23) earnings per share 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 the consensus estimate of $325.69 million. Seadrill had a return on equity of 4.68% and a net margin of 27.49%. Equities research analysts predict that Seadrill Limited will post 1.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SDRL has been the subject of several research analyst reports. BWS Financial reiterated a “buy” rating and set a $80.00 target price on shares of Seadrill in a research note on Tuesday, May 13th. Citigroup reiterated a “buy” rating and issued a $36.00 price objective (up from $35.00) on shares of Seadrill in a report on Wednesday, June 18th. Finally, BTIG Research set a $28.00 price objective on shares of Seadrill in a research report on Monday, May 5th.

Seadrill Company 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.