1,305,349 Shares in Seadrill Limited $SDRL Purchased by Webs Creek Capital Management LP

Key Points

• Webs Creek Capital Management LP acquired 1,305,349 Seadrill shares during the second quarter, giving it approximately 2.09% ownership and making Seadrill its fourth-largest portfolio holding.
• Institutional and hedge-fund ownership stands at 95.67%, with several other firms also initiating new positions in Seadrill during the quarter.
• Seadrill reported quarterly earnings of $0.47 per share, exceeding the $0.29 consensus estimate, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $55.

Webs Creek Capital Management LP purchased a new stake in shares of Seadrill Limited (NYSE:SDRL - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,305,349 shares of the oil and gas company's stock, valued at approximately $49,368,299,000. Seadrill comprises about 9.4% of Webs Creek Capital Management LP's investment portfolio, making the stock its 4th largest position. Webs Creek Capital Management LP owned about 2.09% of Seadrill at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Algert Global LLC bought a new stake in Seadrill during the second quarter worth about $6,637,000. Patient Capital Management LLC bought a new position in shares of Seadrill in the second quarter valued at approximately $73,876,000. Tairen Capital Ltd acquired a new position in shares of Seadrill in the 2nd quarter worth approximately $2,330,000. Quantbot Technologies LP acquired a new position in shares of Seadrill in the 2nd quarter worth approximately $2,090,000. Finally, De Lisle Partners LLP bought a new stake in Seadrill during the 2nd quarter worth approximately $1,325,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on SDRL. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Seadrill in a report on Tuesday, June 30th. BWS Financial restated a "buy" rating and set a $80.00 target price on shares of Seadrill in a report on Tuesday, August 11th. Zacks Research upgraded Seadrill from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 28th. Fearnley Fonds raised Seadrill from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 12th. Finally, Barclays raised Seadrill from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $41.00 to $59.00 in a report on Thursday, May 7th. Three investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $55.00.

Seadrill Stock Performance

Shares of Seadrill stock opened at $46.71 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.50 and a quick ratio of 2.50. The firm has a market cap of $2.92 billion, a P/E ratio of 1,556.93 and a beta of 1.21. The firm has a 50 day simple moving average of $42.46 and a 200 day simple moving average of $44.71. Seadrill Limited has a fifty-two week low of $28.10 and a fifty-two week high of $55.47.

Seadrill (NYSE:SDRL - Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The oil and gas company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.18. The firm had revenue of $430.00 million during the quarter, compared to analysts' expectations of $388.46 million. Seadrill had a net margin of 0.07% and a return on equity of 0.64%. Sell-side analysts predict that Seadrill Limited will post 0.37 earnings per share for the current fiscal year.

Seadrill Profile

Seadrill Limited, trading on the New York Stock Exchange under the symbol SDRL, is a leading provider of offshore drilling services to the global oil and gas industry. The company specializes in the design, construction, deployment and operation of mobile offshore drilling units, serving major exploration and production companies with turnkey drilling solutions.

Seadrill’s fleet comprises ultra-deepwater drillships, semi-submersible rigs and high-specification jack-up units capable of operating in some of the world’s most challenging offshore environments.

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