BNP Paribas Financial Markets Invests $66.40 Million in Seadrill Limited (NYSE:SDRL)

BNP Paribas Financial Markets purchased a new stake in Seadrill Limited (NYSE:SDRL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,705,629 shares of the oil and gas company's stock, valued at approximately $66,400,000. BNP Paribas Financial Markets owned 2.31% of Seadrill at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Dimensional Fund Advisors LP grew its stake in shares of 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 worth $134,677,000 after acquiring an additional 384,471 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its stake in shares of Seadrill by 10.3% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 3,429,169 shares of the oil and gas company's stock worth $133,498,000 after acquiring an additional 320,392 shares in the last quarter. Third Point LLC bought a new stake in shares of Seadrill in the 4th quarter worth $39,903,000. Barclays PLC grew its stake in shares of Seadrill by 48.5% in the 3rd quarter. Barclays PLC now owns 930,942 shares of the oil and gas company's stock worth $36,996,000 after acquiring an additional 303,839 shares in the last quarter. Finally, Webs Creek Capital Management LP grew its stake in shares of Seadrill by 22.2% in 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 acquiring an additional 161,882 shares in the last quarter. Institutional investors own 95.67% of the company's stock.

Wall Street Analysts Forecast Growth

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

Seadrill Stock Performance

NYSE:SDRL traded up $0.54 on Monday, reaching $24.47. 302,725 shares of the company's stock were exchanged, compared to its average volume of 1,024,615. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.53 and a quick ratio of 2.53. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 4.26 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 stock has a fifty day simple moving average of $22.51 and a 200-day simple moving average of $31.76.

Seadrill (NYSE:SDRL - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The oil and gas company reported ($0.23) EPS for the quarter, missing analysts' consensus estimates of $0.25 by ($0.48). 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.