Capital Fund Management S.A. Invests $2.89 Million in Seadrill Limited $SDRL

Capital Fund Management S.A. purchased a new stake in Seadrill Limited (NYSE:SDRL) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 110,029 shares of the oil and gas company’s stock, valued at approximately $2,888,000. Capital Fund Management S.A. owned about 0.18% of Seadrill at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Adage Capital Partners GP L.L.C. increased its stake in Seadrill by 22.5% in the first quarter. Adage Capital Partners GP L.L.C. now owns 4,200,535 shares of the oil and gas company’s stock valued at $105,013,000 after purchasing an additional 771,366 shares during the period. Geode Capital Management LLC grew its holdings in shares of Seadrill by 77.0% during the second quarter. Geode Capital Management LLC now owns 1,419,059 shares of the oil and gas company’s stock worth $37,256,000 after buying an additional 617,521 shares during the last quarter. Neuberger Berman Group LLC increased its position in Seadrill by 54.5% in the 1st quarter. Neuberger Berman Group LLC now owns 715,702 shares of the oil and gas company’s stock valued at $17,893,000 after acquiring an additional 252,363 shares during the period. JPMorgan Chase & Co. raised its stake in Seadrill by 498.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 614,849 shares of the oil and gas company’s stock valued at $16,140,000 after acquiring an additional 512,074 shares during the last quarter. Finally, DNB Asset Management AS raised its stake in Seadrill by 288.4% during the 2nd quarter. DNB Asset Management AS now owns 594,256 shares of the oil and gas company’s stock valued at $15,599,000 after acquiring an additional 441,266 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Seadrill Trading Up 0.7%

Shares of SDRL opened at $31.14 on Wednesday. Seadrill Limited has a twelve month low of $17.74 and a twelve month high of $41.25. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $1.94 billion, a P/E ratio of 27.81 and a beta of 1.59. The firm’s 50-day moving average is $30.61 and its two-hundred day moving average is $29.46.

Seadrill (NYSE:SDRL) last posted its quarterly earnings results on Wednesday, November 5th. The oil and gas company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.43). The company had revenue of $363.00 million for the quarter, compared to analyst estimates of $343.56 million. Seadrill had a net margin of 5.68% and a return on equity of 1.58%. On average, research analysts predict that Seadrill Limited will post 1.86 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SDRL has been the topic of a number of recent research reports. Dnb Carnegie raised Seadrill to a “strong-buy” rating in a report on Tuesday, November 4th. Zacks Research cut shares of Seadrill from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 12th. SEB Equity Research set a $33.00 target price on shares of Seadrill in a research note on Monday, September 1st. Citigroup boosted their price target on shares of Seadrill from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Finally, BWS Financial reissued a “buy” rating and set a $80.00 price target on shares of Seadrill in a report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Seadrill presently has an average rating of “Hold” and an average price target of $43.00.

About Seadrill

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.