Seadrill Limited $SDRL Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC raised its holdings in Seadrill Limited (NYSE:SDRL) by 34.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,743 shares of the oil and gas company’s stock after acquiring an additional 443 shares during the quarter. Farther Finance Advisors LLC’s holdings in Seadrill were worth $46,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in SDRL. GAMMA Investing LLC boosted its holdings in Seadrill by 4,509.4% during the first quarter. GAMMA Investing LLC now owns 7,375 shares of the oil and gas company’s stock worth $184,000 after buying an additional 7,215 shares in the last quarter. Caldwell Sutter Capital Inc. acquired a new stake in shares of Seadrill during the 1st quarter valued at $30,000. Exchange Traded Concepts LLC boosted its stake in shares of Seadrill by 547.7% during the 1st quarter. Exchange Traded Concepts LLC now owns 15,615 shares of the oil and gas company’s stock worth $390,000 after acquiring an additional 13,204 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Seadrill by 7.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 14,241 shares of the oil and gas company’s stock worth $356,000 after acquiring an additional 973 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Seadrill by 1.8% during the first quarter. Principal Financial Group Inc. now owns 47,666 shares of the oil and gas company’s stock worth $1,192,000 after purchasing an additional 863 shares during the period. Institutional investors own 95.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SDRL. Weiss Ratings reiterated a “hold (c-)” rating on shares of Seadrill in a research report on Saturday, September 27th. Fearnley Fonds lowered shares of Seadrill from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 30th. SEB Equity Research set a $33.00 target price on shares of Seadrill in a report on Monday, September 1st. Citigroup boosted their price target on shares of Seadrill from $36.00 to $40.00 and gave the company a “buy” rating in a report on Friday, August 29th. Finally, Zacks Research raised shares of Seadrill to a “strong sell” rating in a research note on Tuesday, August 12th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Seadrill currently has a consensus rating of “Hold” and an average target price of $45.25.

Seadrill Stock Performance

SDRL stock opened at $32.17 on Tuesday. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 28.72 and a beta of 1.58. Seadrill Limited has a 12 month low of $17.74 and a 12 month high of $42.36. The firm has a 50 day moving average of $30.97 and a two-hundred day moving average of $27.02.

Seadrill (NYSE:SDRL) last posted 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). The company had revenue of $377.00 million for 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%. As a group, equities analysts anticipate that Seadrill Limited will post 1.86 EPS for the current fiscal year.

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.