Jump Financial LLC Takes $1.63 Million Position in Seadrill Limited $SDRL

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

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd grew its position in Seadrill by 254.1% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,133 shares of the oil and gas company's stock worth $28,000 after purchasing an additional 813 shares during the last quarter. CWM LLC grew its holdings in shares of Seadrill by 30.8% during the first quarter. CWM LLC now owns 3,585 shares of the oil and gas company's stock valued at $90,000 after buying an additional 845 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Seadrill by 1.8% during the first quarter. Principal Financial Group Inc. now owns 47,666 shares of the oil and gas company's stock valued at $1,192,000 after buying an additional 863 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in Seadrill by 7.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 14,241 shares of the oil and gas company's stock valued at $356,000 after purchasing an additional 973 shares during the last quarter. Finally, Versant Capital Management Inc grew its stake in Seadrill by 412.2% during the 1st quarter. Versant Capital Management Inc now owns 1,347 shares of the oil and gas company's stock valued at $34,000 after purchasing an additional 1,084 shares during the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Seadrill Stock Performance

Seadrill stock traded up $0.22 during mid-day trading on Monday, hitting $31.92. The company had a trading volume of 481,335 shares, compared to its average volume of 877,298. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.21. Seadrill Limited has a 12-month low of $17.74 and a 12-month high of $43.76. The company's fifty day moving average is $29.17 and its 200-day moving average is $26.06. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 28.50 and a beta of 1.62.

Seadrill (NYSE:SDRL - Get Free Report) last posted its earnings results on Wednesday, August 6th. The oil and gas company reported ($0.68) earnings per share 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. Equities research analysts predict that Seadrill Limited will post 1.86 EPS for the current year.

Wall Street Analyst Weigh In

SDRL has been the subject of several research analyst reports. Zacks Research upgraded Seadrill to a "strong sell" rating in a research note on Tuesday, August 12th. BTIG Research set a $28.00 price target on shares of Seadrill in a research report on Monday, May 5th. BWS Financial reaffirmed a "buy" rating and issued a $80.00 price objective on shares of Seadrill in a report on Tuesday, May 13th. Fearnley Fonds downgraded shares of Seadrill from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 30th. Finally, Citigroup raised their target price on shares of Seadrill from $36.00 to $40.00 and gave the stock a "buy" rating in a report on Friday. Three investment 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 price target 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.