Signaturefd LLC Grows Stock Holdings in Seadrill Limited $SDRL

Signaturefd LLC boosted its holdings in Seadrill Limited (NYSE:SDRL) by 679.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,886 shares of the oil and gas company’s stock after buying an additional 1,644 shares during the period. Signaturefd LLC’s holdings in Seadrill were worth $50,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of SDRL. GAMMA Investing LLC grew its stake in Seadrill by 4,509.4% in the 1st quarter. GAMMA Investing LLC now owns 7,375 shares of the oil and gas company’s stock valued at $184,000 after buying an additional 7,215 shares in the last quarter. Farther Finance Advisors LLC grew its stake in 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 buying an additional 1,288 shares in the last quarter. Caldwell Sutter Capital Inc. purchased a new position in Seadrill in the 1st quarter valued at approximately $30,000. Exchange Traded Concepts LLC grew its stake in Seadrill by 547.7% in the 1st quarter. Exchange Traded Concepts LLC now owns 15,615 shares of the oil and gas company’s stock valued at $390,000 after buying an additional 13,204 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in 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 valued at $356,000 after buying an additional 973 shares in the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Seadrill Stock Up 1.9%

Shares of NYSE:SDRL opened at $32.17 on Tuesday. Seadrill Limited has a 52-week low of $17.74 and a 52-week high of $42.36. The firm has a fifty day moving average of $30.97 and a 200 day moving average of $27.02. The firm has a market capitalization of $2.00 billion, a PE ratio of 28.72 and a beta of 1.58. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.87 and a current ratio of 1.87.

Seadrill (NYSE:SDRL) last announced 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). Seadrill had a return on equity of 1.58% and a net margin of 5.68%.The company had revenue of $377.00 million during the quarter, compared to analysts’ expectations of $365.73 million. As a group, research analysts anticipate that Seadrill Limited will post 1.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on SDRL shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Seadrill in a research note on Saturday, September 27th. Zacks Research upgraded shares of Seadrill to a “strong sell” rating in a research report on Tuesday, August 12th. SEB Equity Research set a $33.00 price target on shares of Seadrill in a research 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 research report on Friday, August 29th. Finally, Fearnley Fonds lowered shares of Seadrill from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently 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.