72,358 Shares in Seadrill Limited $SDRL Purchased by Calamos Wealth Management LLC

Key Points

• Calamos Wealth Management opened a new Seadrill position, acquiring 72,358 shares worth about $3.23 million, or 0.12% of the company.
• Other institutional investors also added or initiated holdings in the third quarter; institutions and hedge funds collectively own 95.67% of Seadrill.
• Seadrill reported quarterly revenue of $428 million, above expectations, but EPS was a loss of $0.49, missing the $0.19 consensus estimate. Analysts’ average rating is “Moderate Buy,” with an average price target of $59.40.

Calamos Wealth Management LLC acquired a new position in shares of Seadrill Limited (NYSE:SDRL - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 72,358 shares of the oil and gas company's stock, valued at approximately $3,232,000. Calamos Wealth Management LLC owned 0.12% of Seadrill as of its most recent SEC filing.

Several other large investors also recently modified their holdings of SDRL. Calamos Advisors LLC acquired a new position in shares of Seadrill during the 3rd quarter valued at $2,535,000. Mraz Amerine & Associates Inc. acquired a new stake in Seadrill in the third quarter worth $222,000. State of Wyoming grew its holdings in Seadrill by 394.9% in the third quarter. State of Wyoming now owns 7,245 shares of the oil and gas company's stock worth $324,000 after purchasing an additional 5,781 shares during the period. Abel Hall LLC acquired a new stake in Seadrill in the third quarter worth $210,000. Finally, Contravisory Investment Management Inc. increased its stake in Seadrill by 16.0% in the third quarter. Contravisory Investment Management Inc. now owns 7,985 shares of the oil and gas company's stock valued at $357,000 after purchasing an additional 1,103 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

Seadrill Price Performance

Shares of NYSE:SDRL opened at $42.22 on Friday. The company has a quick ratio of 2.50, a current ratio of 2.18 and a debt-to-equity ratio of 0.26. Seadrill Limited has a twelve month low of $28.10 and a twelve month high of $55.47. The stock's 50 day moving average is $47.49 and its 200-day moving average is $45.16. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of -145.59 and a beta of 1.17.

Seadrill (NYSE:SDRL - Get Free Report) last posted its earnings results on Tuesday, November 3rd. The oil and gas company reported ($0.49) EPS for the quarter, missing the consensus estimate of $0.19 by ($0.68). Seadrill had a positive return on equity of 1.50% and a negative net margin of 1.13%. The business had revenue of $428.00 million for the quarter, compared to the consensus estimate of $382.66 million. Sell-side analysts forecast that Seadrill Limited will post 0.63 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Zacks Research lowered shares of Seadrill from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 14th. Citigroup restated a "neutral" rating on shares of Seadrill in a research note on Monday, September 7th. Weiss Ratings upgraded Seadrill from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, October 9th. Finally, BWS Financial reaffirmed a "buy" rating and issued a $80.00 target price on shares of Seadrill in a research report on Wednesday, October 14th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $59.40.

Seadrill Profile

Seadrill Limited NYSE: SDRL is an offshore drilling contractor that provides drilling services to oil and gas companies. The company operates a fleet of mobile offshore drilling units, including ultra-deepwater drillships and semisubmersible rigs, which are used to explore for and develop hydrocarbon resources beneath the seabed.

Seadrill's services include contract drilling, rig operations, well construction support and related offshore services. Its modern, high-specification fleet is designed to work in challenging deepwater and harsh-environment locations.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.