Squarepoint Ops LLC Acquires New Position in Seadrill Limited (NYSE:SDRL)

Squarepoint Ops LLC bought a new stake in shares of Seadrill Limited (NYSE:SDRL - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 93,544 shares of the oil and gas company's stock, valued at approximately $3,642,000. Squarepoint Ops LLC owned about 0.13% of Seadrill at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Thomist Capital Management LP grew its holdings in shares of Seadrill by 60.8% during the fourth quarter. Thomist Capital Management LP now owns 700,448 shares of the oil and gas company's stock worth $26,862,000 after purchasing an additional 264,828 shares in the last quarter. Systematic Financial Management LP boosted its position in Seadrill by 19.5% during the 4th quarter. Systematic Financial Management LP now owns 451,265 shares of the oil and gas company's stock valued at $17,568,000 after buying an additional 73,546 shares during the period. Sagefield Capital LP grew its stake in shares of Seadrill by 33.8% in the fourth quarter. Sagefield Capital LP now owns 223,793 shares of the oil and gas company's stock worth $8,712,000 after purchasing an additional 56,584 shares during the last quarter. SIR Capital Management L.P. bought a new stake in shares of Seadrill in the 4th quarter worth approximately $11,318,000. Finally, ProShare Advisors LLC increased its position in Seadrill by 51.1% during the 4th quarter. ProShare Advisors LLC now owns 19,564 shares of the oil and gas company's stock valued at $762,000 after purchasing an additional 6,612 shares during the period. 95.67% of the stock is owned by hedge funds and other institutional investors.

Seadrill Stock Performance

SDRL stock traded down $0.85 during trading on Friday, hitting $23.28. 2,015,011 shares of the company traded hands, compared to its average volume of 974,246. Seadrill Limited has a 1 year low of $17.74 and a 1 year high of $56.46. The company has a market cap of $1.45 billion, a PE ratio of 4.06 and a beta of 1.48. The stock's 50-day simple moving average is $22.32 and its 200 day simple moving average is $30.26. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.53 and a quick ratio of 2.53.

Seadrill (NYSE:SDRL - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The oil and gas company reported ($0.23) earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by ($0.48). Seadrill had a return on equity of 7.24% and a net margin of 27.79%. The business had revenue of $335.00 million during the quarter, compared to analyst estimates of $325.69 million. On average, equities analysts expect that Seadrill Limited will post 1.86 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on SDRL. Citigroup lowered their price objective on Seadrill from $46.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, March 19th. BWS Financial reiterated a "buy" rating and set a $80.00 price objective on shares of Seadrill in a research note on Tuesday, May 13th. Finally, BTIG Research set a $28.00 target price on shares of Seadrill in a report on Monday, May 5th.

About Seadrill

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.