65,354 Shares in Seadrill Limited $SDRL Acquired by Jump Financial LLC

Key Points

• Jump Financial LLC purchased 65,354 shares of Seadrill Limited, valued at approximately $1,634,000, during the first quarter, making up 0.11% of the company's stock.
• Seadrill posted a loss of ($0.68) earnings per share for the last quarter, missing analysts' expectations, but reported revenue of $377.00 million, exceeding forecasts.
• Currently, institutional investors hold 95.67% of Seadrill's stock, and the company has received mixed ratings from analysts with an average rating of "Hold" and a consensus price target of $48.00.

Jump Financial LLC bought a new stake in Seadrill Limited (NYSE:SDRL - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 65,354 shares of the oil and gas company's stock, valued at approximately $1,634,000. Jump Financial LLC owned 0.11% of Seadrill at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SDRL. Invesco Ltd. grew its holdings in Seadrill by 12.6% during the 4th quarter. Invesco Ltd. now owns 53,847 shares of the oil and gas company's stock valued at $2,096,000 after purchasing an additional 6,015 shares during the last quarter. Mariner LLC boosted its position in shares of Seadrill by 32.3% during the fourth quarter. Mariner LLC now owns 8,458 shares of the oil and gas company's stock valued at $329,000 after buying an additional 2,063 shares during the period. MetLife Investment Management LLC grew its stake in shares of Seadrill by 6.9% during the fourth quarter. MetLife Investment Management LLC now owns 41,776 shares of the oil and gas company's stock valued at $1,626,000 after buying an additional 2,681 shares during the last quarter. Stifel Financial Corp grew its stake in shares of Seadrill by 129.7% during the fourth quarter. Stifel Financial Corp now owns 73,626 shares of the oil and gas company's stock valued at $2,866,000 after buying an additional 41,578 shares during the last quarter. Finally, Tudor Investment Corp ET AL purchased a new stake in shares of Seadrill in the fourth quarter worth approximately $3,652,000. Institutional investors own 95.67% of the company's stock.

Seadrill Stock Up 1.2%

Shares of SDRL stock traded up $0.37 during mid-day trading on Tuesday, hitting $32.28. The stock had a trading volume of 726,820 shares, compared to its average volume of 835,887. Seadrill Limited has a 12-month low of $17.74 and a 12-month high of $42.53. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.87 and a quick ratio of 1.87. The firm's 50-day moving average is $29.39 and its two-hundred day moving average is $26.07. The firm has a market capitalization of $2.01 billion, a P/E ratio of 28.82 and a beta of 1.62.

Seadrill (NYSE:SDRL - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The oil and gas company reported ($0.68) EPS for the quarter, missing the consensus estimate of $0.68 by ($1.36). Seadrill had a net margin of 5.68% and a return on equity of 1.58%. The firm had revenue of $377.00 million for the quarter, compared to analysts' expectations of $365.73 million. On average, analysts predict that Seadrill Limited will post 1.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SDRL shares. BTIG Research set a $28.00 price objective on Seadrill in a report on Monday, May 5th. Citigroup lifted their target price on Seadrill from $36.00 to $40.00 and gave the stock a "buy" rating in a research report on Friday. Zacks Research upgraded shares of Seadrill to a "strong sell" rating in a report on Tuesday, August 12th. Fearnley Fonds downgraded shares of Seadrill from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Finally, BWS Financial reiterated a "buy" rating and set a $80.00 price objective on shares of Seadrill in a report on Tuesday, May 13th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $49.33.

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.