Seadrill Limited $SDRL Shares Bought by LPL Financial LLC

LPL Financial LLC grew its stake in Seadrill Limited (NYSE:SDRL) by 73.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 100,062 shares of the oil and gas company’s stock after purchasing an additional 42,519 shares during the quarter. LPL Financial LLC owned approximately 0.16% of Seadrill worth $2,502,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Caldwell Sutter Capital Inc. acquired a new stake in Seadrill during the first quarter valued at approximately $30,000. Farther Finance Advisors LLC increased its holdings in shares of Seadrill by 10,733.3% in the 1st quarter. Farther Finance Advisors LLC now owns 1,300 shares of the oil and gas company’s stock valued at $33,000 after acquiring an additional 1,288 shares during the last quarter. Versant Capital Management Inc raised its position in shares of Seadrill by 412.2% during the 1st 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 in the last quarter. Sterling Capital Management LLC boosted its holdings in Seadrill by 756.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,567 shares of the oil and gas company’s stock worth $61,000 after purchasing an additional 1,384 shares during the period. Finally, CWM LLC increased its stake in Seadrill by 30.8% during the first quarter. CWM LLC now owns 3,585 shares of the oil and gas company’s stock valued at $90,000 after purchasing an additional 845 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on SDRL shares. Fearnley Fonds downgraded shares of Seadrill from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Zacks Research raised Seadrill to a “strong sell” rating in a report on Tuesday, August 12th. BTIG Research set a $28.00 price objective on Seadrill in a research report on Monday, May 5th. BWS Financial reaffirmed a “buy” rating and issued a $80.00 target price on shares of Seadrill in a research report on Tuesday, May 13th. Finally, Citigroup reissued 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. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Seadrill currently has a consensus rating of “Hold” and a consensus price target of $48.00.

Seadrill Stock Performance

Shares of NYSE SDRL opened at $29.26 on Tuesday. Seadrill Limited has a 12-month low of $17.74 and a 12-month high of $45.44. The company has a market cap of $1.82 billion, a PE ratio of 26.13 and a beta of 1.61. The stock has a 50 day simple moving average of $28.76 and a 200-day simple moving average of $26.32. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.21.

Seadrill (NYSE:SDRL) last announced its earnings results on Wednesday, August 6th. The oil and gas company reported ($0.68) earnings per share for the quarter, missing the consensus estimate of $0.68 by ($1.36). Seadrill had a net margin of 5.68% and a return on equity of 1.58%. The business had revenue of $377.00 million for the quarter, compared to the consensus estimate of $365.73 million. On average, equities research analysts forecast that Seadrill Limited will post 1.86 EPS for the current 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.