Dauntless Investment Group LLC Purchases Shares of 12,950 Seadrill Limited (NYSE:SDRL)

Dauntless Investment Group LLC bought a new position in shares of Seadrill Limited (NYSE:SDRL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 12,950 shares of the oil and gas company's stock, valued at approximately $504,000. Seadrill accounts for approximately 0.5% of Dauntless Investment Group LLC's investment portfolio, making the stock its 20th largest holding.

Several other institutional investors have also added to or reduced their stakes in the company. Headlands Technologies LLC bought a new stake in shares of Seadrill during the 4th quarter worth approximately $28,000. Sterling Capital Management LLC boosted its holdings in shares of 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 purchasing an additional 1,384 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Seadrill by 10.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,754 shares of the oil and gas company's stock valued at $146,000 after purchasing an additional 354 shares during the last quarter. Cibc World Markets Corp acquired a new position in shares of Seadrill during the 4th quarter worth $253,000. Finally, Summit Investment Advisors Inc. lifted its position in shares of Seadrill by 4.7% during the 4th quarter. Summit Investment Advisors Inc. now owns 7,268 shares of the oil and gas company's stock worth $283,000 after buying an additional 325 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors.

Seadrill Trading Up 3.7 %

SDRL traded up $0.75 during trading on Tuesday, reaching $20.86. 376,800 shares of the company's stock were exchanged, compared to its average volume of 949,835. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.21. Seadrill Limited has a one year low of $17.74 and a one year high of $56.46. The firm has a fifty day moving average price of $23.53 and a two-hundred day moving average price of $32.79. The stock has a market capitalization of $1.30 billion, a PE ratio of 3.65 and a beta of 1.41.

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

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. BWS Financial reissued a "buy" rating and issued a $80.00 target price on shares of Seadrill in a 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 equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $62.00.

Seadrill 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.