Bridgefront Capital LLC Makes New $483,000 Investment in Seadrill Limited (NYSE:SDRL)

Bridgefront Capital LLC acquired a new stake in Seadrill Limited (NYSE:SDRL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 12,403 shares of the oil and gas company's stock, valued at approximately $483,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Headlands Technologies LLC bought a new position in shares of Seadrill in the fourth quarter valued at about $28,000. Sterling Capital Management LLC raised its holdings in Seadrill by 756.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,567 shares of the oil and gas company's stock valued at $61,000 after acquiring an additional 1,384 shares during the period. PNC Financial Services Group Inc. lifted its position in Seadrill by 10.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,754 shares of the oil and gas company's stock worth $146,000 after acquiring an additional 354 shares during the last quarter. Cibc World Markets Corp bought a new stake in shares of Seadrill during the fourth quarter worth approximately $253,000. Finally, Summit Investment Advisors Inc. grew its position in shares of Seadrill by 4.7% in the fourth quarter. Summit Investment Advisors Inc. now owns 7,268 shares of the oil and gas company's stock valued at $283,000 after purchasing an additional 325 shares during the last quarter. Institutional investors own 95.67% of the company's stock.

Seadrill Price Performance

Shares of NYSE:SDRL traded up $0.23 during trading on Monday, reaching $24.16. 329,242 shares of the company traded hands, compared to its average volume of 963,697. The firm has a market capitalization of $1.50 billion, a PE ratio of 4.22 and a beta of 1.48. Seadrill Limited has a 52 week low of $17.74 and a 52 week high of $56.46. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.21. The company's 50 day moving average is $22.51 and its two-hundred day moving average is $31.76.

Seadrill (NYSE:SDRL - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The oil and gas company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.48). Seadrill had a return on equity of 7.24% and a net margin of 27.79%. As a group, sell-side analysts predict that Seadrill Limited will post 1.86 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Citigroup lowered their price objective on Seadrill from $46.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, March 19th. BWS Financial restated a "buy" rating and issued a $80.00 price target on shares of Seadrill in a research note on Monday, March 3rd. Finally, BTIG Research set a $28.00 price objective on shares of Seadrill in a research note on Monday, May 5th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Seadrill presently has a consensus rating of "Buy" and an average target price of $55.20.

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.