American Century Companies Inc. Has $11.40 Million Holdings in Seadrill Limited $SDRL

Key Points

• American Century Companies Inc. increased its stake in Seadrill Limited by 96.3%, now owning 455,883 shares worth approximately $11.4 million.
• Seadrill stock has fluctuated between a 1-year low of $17.74 and a high of $44.74, currently trading at $31.43.
• The company missed analysts' earnings expectations with a reported loss of ($0.68) per share, despite achieving revenues of $377 million for the quarter.

American Century Companies Inc. boosted its holdings in Seadrill Limited (NYSE:SDRL - Free Report) by 96.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 455,883 shares of the oil and gas company's stock after acquiring an additional 223,658 shares during the quarter. American Century Companies Inc. owned about 0.73% of Seadrill worth $11,397,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd raised its position in Seadrill by 254.1% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,133 shares of the oil and gas company's stock worth $28,000 after acquiring an additional 813 shares in the last quarter. Caldwell Sutter Capital Inc. acquired a new stake in shares of Seadrill during the 1st quarter valued at $30,000. Farther Finance Advisors LLC boosted its stake in shares of Seadrill by 10,733.3% during the 1st quarter. Farther Finance Advisors LLC now owns 1,300 shares of the oil and gas company's stock worth $33,000 after acquiring an additional 1,288 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Seadrill by 412.2% in the 1st quarter. Versant Capital Management Inc now owns 1,347 shares of the oil and gas company's stock worth $34,000 after acquiring an additional 1,084 shares during the last quarter. Finally, CWM LLC raised its position 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 worth $90,000 after purchasing an additional 845 shares during the period. 95.67% of the stock is currently owned by institutional investors.

Seadrill Stock Up 0.7%

NYSE:SDRL traded up $0.22 during trading hours on Friday, hitting $31.92. 481,335 shares of the company's stock traded hands, compared to its average volume of 877,298. The stock's fifty day moving average price is $29.17 and its two-hundred day moving average price is $26.06. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.87 and a current ratio of 1.87. Seadrill Limited has a twelve month low of $17.74 and a twelve month high of $43.76. The firm has a market cap of $1.99 billion, a P/E ratio of 28.50 and a beta of 1.62.

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

Analyst Ratings Changes

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

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.