133,210 Shares in Seadrill Limited $SDRL Purchased by Robotti Robert

Key Points

• Robotti Robert acquired 133,210 Seadrill shares during the second quarter, valued at approximately $5.04 million and representing about 0.21% of the company.
• Institutional ownership remains high at 95.67%, with BlackRock initiating a roughly $207.5 million position and several major funds increasing their holdings.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and a $55 average price target. Seadrill also exceeded quarterly earnings and revenue expectations, reporting $0.47 EPS and $430 million in revenue.

Robotti Robert acquired a new stake in Seadrill Limited (NYSE:SDRL - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 133,210 shares of the oil and gas company's stock, valued at approximately $5,038,000. Robotti Robert owned about 0.21% of Seadrill at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Seadrill during the second quarter worth about $207,509,000. Elliott Investment Management L.P. grew its position in shares of Seadrill by 3.5% in the first quarter. Elliott Investment Management L.P. now owns 4,719,085 shares of the oil and gas company's stock valued at $214,718,000 after purchasing an additional 160,327 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Seadrill by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 3,807,933 shares of the oil and gas company's stock worth $131,754,000 after purchasing an additional 23,672 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Seadrill by 10.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,553,281 shares of the oil and gas company's stock worth $161,671,000 after purchasing an additional 326,835 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. raised its position in shares of Seadrill by 12.0% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 3,484,940 shares of the oil and gas company's stock worth $120,579,000 after purchasing an additional 373,176 shares during the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SDRL has been the topic of a number of analyst reports. Weiss Ratings reiterated a "sell (d+)" rating on shares of Seadrill in a report on Tuesday, June 30th. BWS Financial reissued a "buy" rating and issued a $80.00 price target on shares of Seadrill in a report on Tuesday, August 11th. Capital One Financial set a $55.00 price objective on Seadrill and gave the company an "overweight" rating in a research report on Wednesday, July 1st. Zacks Research raised Seadrill from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 28th. Finally, Fearnley Fonds upgraded Seadrill from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 12th. Three research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Seadrill presently has a consensus rating of "Moderate Buy" and an average price target of $55.00.

Seadrill Stock Down 0.7%

Shares of NYSE SDRL opened at $46.58 on Wednesday. Seadrill Limited has a 1 year low of $28.10 and a 1 year high of $55.47. The firm's 50 day moving average price is $42.21 and its 200 day moving average price is $44.47. The firm has a market cap of $2.91 billion, a P/E ratio of 1,552.80 and a beta of 1.21. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.50 and a current ratio of 2.50.

Seadrill (NYSE:SDRL - Get Free Report) last released its earnings results on Monday, August 10th. The oil and gas company reported $0.47 EPS 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%. As a group, sell-side analysts anticipate that Seadrill Limited will post 0.37 earnings per share for the current year.

About Seadrill

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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