Tudor Investment Corp ET AL Buys Shares of 93,816 Seadrill Limited (NYSE:SDRL)

Tudor Investment Corp ET AL acquired a new stake in Seadrill Limited (NYSE:SDRL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 93,816 shares of the oil and gas company's stock, valued at approximately $3,652,000. Tudor Investment Corp ET AL owned 0.13% of Seadrill as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its holdings in Seadrill by 12.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,459,524 shares of the oil and gas company's stock valued at $134,677,000 after acquiring an additional 384,471 shares during the period. Adage Capital Partners GP L.L.C. grew its position in shares of Seadrill by 10.3% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 3,429,169 shares of the oil and gas company's stock valued at $133,498,000 after purchasing an additional 320,392 shares during the last quarter. Barclays PLC increased its stake in shares of Seadrill by 48.5% during the third quarter. Barclays PLC now owns 930,942 shares of the oil and gas company's stock worth $36,996,000 after purchasing an additional 303,839 shares during the period. Webs Creek Capital Management LP lifted its holdings in Seadrill by 22.2% during the 4th quarter. Webs Creek Capital Management LP now owns 892,061 shares of the oil and gas company's stock worth $34,728,000 after purchasing an additional 161,882 shares during the last quarter. Finally, Norges Bank bought a new stake in Seadrill in the 4th quarter valued at $33,104,000. Institutional investors own 95.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. BWS Financial reissued a "buy" rating and issued a $80.00 target price on shares of Seadrill in a research report on Monday, March 3rd. Citigroup dropped their price objective on shares of Seadrill from $46.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, March 19th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $62.00.

Seadrill Price Performance

Shares of NYSE:SDRL traded down $0.30 during trading on Wednesday, reaching $22.68. 454,038 shares of the company traded hands, compared to its average volume of 959,197. The firm has a market capitalization of $1.41 billion, a PE ratio of 3.95 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 $22.54 and its two-hundred day moving average is $32.02.

Seadrill (NYSE:SDRL - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The oil and gas company reported $1.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.34) by $1.41. The firm had revenue of $289.00 million for the quarter, compared to the consensus estimate of $299.50 million. Seadrill had a net margin of 27.79% and a return on equity of 7.24%. As a group, sell-side analysts predict that Seadrill Limited will post 1.86 earnings per share for the current 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.