Northern Trust Corp Has $11.17 Million Position in Seadrill Limited $SDRL

Northern Trust Corp raised its stake in shares of Seadrill Limited (NYSE:SDRL) by 1.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 446,699 shares of the oil and gas company’s stock after buying an additional 7,335 shares during the quarter. Northern Trust Corp owned about 0.72% of Seadrill worth $11,167,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SDRL. Ameriprise Financial Inc. bought a new position in shares of Seadrill during the 4th quarter valued at about $409,000. Bank of America Corp DE boosted its holdings in shares of Seadrill by 100.7% in the 4th quarter. Bank of America Corp DE now owns 399,438 shares of the oil and gas company’s stock valued at $15,550,000 after buying an additional 200,435 shares during the last quarter. Centiva Capital LP raised its stake in Seadrill by 56.0% in the 4th quarter. Centiva Capital LP now owns 10,551 shares of the oil and gas company’s stock valued at $411,000 after acquiring an additional 3,789 shares during the period. Crestline Management LP bought a new stake in Seadrill in the 4th quarter valued at $216,000. Finally, DME Capital Management LP raised its stake in Seadrill by 27.7% in the 4th quarter. DME Capital Management LP now owns 768,165 shares of the oil and gas company’s stock valued at $29,905,000 after acquiring an additional 166,620 shares during the period. Institutional investors own 95.67% of the company’s stock.

Seadrill Stock Down 0.1%

SDRL stock opened at $32.76 on Friday. The stock’s fifty day simple moving average is $29.67 and its two-hundred day simple moving average is $26.13. 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 Limited has a 1-year low of $17.74 and a 1-year high of $42.41. The stock has a market cap of $2.04 billion, a P/E ratio of 29.25 and a beta of 1.62.

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

Analysts Set New Price Targets

Several research analysts have weighed in on the company. SEB Equity Research set a $33.00 price objective on Seadrill in a research report on Monday. Fearnley Fonds lowered Seadrill from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Citigroup lifted their price target on Seadrill from $36.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Zacks Research upgraded Seadrill to a “strong sell” rating in a research report on Tuesday, August 12th. Finally, BWS Financial restated a “buy” rating and set a $80.00 price objective on shares of Seadrill in a research report on Tuesday, May 13th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Seadrill has an average rating of “Hold” and an average price target of $45.25.

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.