Seadrill Limited (NYSE:SDRL) Shares Acquired by DME Capital Management LP

DME Capital Management LP raised its stake in shares of Seadrill Limited (NYSE:SDRL - Free Report) by 27.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 768,165 shares of the oil and gas company's stock after purchasing an additional 166,620 shares during the quarter. Seadrill comprises 1.5% of DME Capital Management LP's holdings, making the stock its 18th biggest position. DME Capital Management LP owned approximately 1.04% of Seadrill worth $29,905,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Headlands Technologies LLC acquired a new stake in Seadrill in the fourth quarter valued at approximately $28,000. Sterling Capital Management LLC grew its holdings in Seadrill by 756.3% in the fourth 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 during the period. PNC Financial Services Group Inc. raised its position in shares of Seadrill by 10.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,754 shares of the oil and gas company's stock worth $146,000 after purchasing an additional 354 shares during the last quarter. Crestline Management LP acquired a new position in shares of Seadrill during the 4th quarter worth about $216,000. Finally, Cibc World Markets Corp acquired a new position in shares of Seadrill during the 4th quarter worth about $253,000. Institutional investors and hedge funds own 95.67% of the company's stock.

Seadrill Stock Up 1.9%

Seadrill stock traded up $0.46 during mid-day trading on Tuesday, reaching $24.98. 218,238 shares of the company's stock were exchanged, compared to its average volume of 962,792. Seadrill Limited has a twelve month low of $17.74 and a twelve month high of $56.46. The company has a market cap of $1.55 billion, a P/E ratio of 4.35 and a beta of 1.48. 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 has a fifty day moving average of $22.54 and a 200-day moving average of $31.68.

Seadrill (NYSE:SDRL - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The oil and gas company reported ($0.23) earnings per share 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%. The business had revenue of $335.00 million during the quarter, compared to analyst estimates of $325.69 million. Sell-side analysts expect that Seadrill Limited will post 1.86 EPS for the current year.

Analyst Upgrades and Downgrades

SDRL has been the topic of several recent research reports. Citigroup lowered their target price on shares of Seadrill from $46.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, March 19th. BTIG Research set a $28.00 target price on shares of Seadrill in a research note on Monday, May 5th. Finally, BWS Financial reaffirmed a "buy" rating and set a $80.00 target price on shares of Seadrill in a research note on Tuesday. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target 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.