American Century Companies Inc. Has $26.72 Million Stock Position in Seadrill Limited $SDRL

American Century Companies Inc. increased its holdings in shares of Seadrill Limited (NYSE:SDRL) by 64.4% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 884,430 shares of the oil and gas company’s stock after purchasing an additional 346,409 shares during the period. American Century Companies Inc. owned 1.42% of Seadrill worth $26,719,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in shares of Seadrill in the second quarter valued at approximately $27,000. EverSource Wealth Advisors LLC bought a new position in shares of Seadrill during the 2nd quarter worth approximately $42,000. Farther Finance Advisors LLC increased its holdings in shares of Seadrill by 19.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,086 shares of the oil and gas company’s stock worth $63,000 after acquiring an additional 343 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in Seadrill in the 3rd quarter valued at $68,000. Finally, Amica Retiree Medical Trust raised its stake in Seadrill by 13.7% in the 3rd quarter. Amica Retiree Medical Trust now owns 2,942 shares of the oil and gas company’s stock valued at $89,000 after acquiring an additional 355 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

Seadrill Stock Performance

SDRL opened at $42.00 on Monday. The business has a fifty day simple moving average of $39.06 and a 200 day simple moving average of $34.04. The company has a market capitalization of $2.62 billion, a PE ratio of -33.87 and a beta of 1.45. Seadrill Limited has a 1 year low of $17.74 and a 1 year high of $45.90. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.03 and a quick ratio of 2.03.

Seadrill (NYSE:SDRL) last issued its quarterly earnings data on Wednesday, February 25th. The oil and gas company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. The firm had revenue of $362.00 million for the quarter, compared to analyst estimates of $335.36 million. Seadrill had a negative return on equity of 2.07% and a negative net margin of 5.36%. Research analysts expect that Seadrill Limited will post 1.86 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. BTIG Research raised their price target on Seadrill from $33.00 to $40.00 and gave the company a “buy” rating in a report on Friday, January 9th. Wall Street Zen raised shares of Seadrill from a “sell” rating to a “hold” rating in a research report on Saturday. BWS Financial restated a “buy” rating and set a $80.00 target price on shares of Seadrill in a research note on Friday, January 23rd. Citigroup raised shares of Seadrill from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $32.00 to $46.00 in a report on Thursday. Finally, Barclays upped their price target on shares of Seadrill from $39.00 to $41.00 and gave the company an “equal weight” rating in a research note on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Seadrill presently has a consensus rating of “Hold” and a consensus target price of $48.00.

Seadrill Company Profile

Seadrill Limited, trading on the New York Stock Exchange under the symbol SDRL, is a leading provider of offshore drilling services to the global oil and gas industry. The company specializes in the design, construction, deployment and operation of mobile offshore drilling units, serving major exploration and production companies with turnkey drilling solutions.

Seadrill’s fleet comprises ultra-deepwater drillships, semi-submersible rigs and high-specification jack-up units capable of operating in some of the world’s most challenging offshore environments.