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. increased its holdings in Seadrill Limited (NYSE:SDRL - Free Report) by 96.3% in the 1st quarter, according to the company in its most recent 13F filing 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 period. American Century Companies Inc. owned about 0.73% of Seadrill worth $11,397,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of SDRL. BNP Paribas Financial Markets purchased a new stake in Seadrill in the 4th quarter worth about $66,400,000. Third Point LLC purchased a new stake in shares of Seadrill during the 4th quarter worth about $39,903,000. Goehring & Rozencwajg Associates LLC raised its stake in shares of Seadrill by 151.9% during the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 1,200,201 shares of the oil and gas company's stock worth $30,149,000 after purchasing an additional 723,827 shares in the last quarter. Millennium Management LLC raised its stake in shares of Seadrill by 100.9% during the 4th quarter. Millennium Management LLC now owns 1,320,640 shares of the oil and gas company's stock worth $51,413,000 after purchasing an additional 663,362 shares in the last quarter. Finally, Patient Capital Management LLC raised its stake in shares of Seadrill by 63.5% during the 4th quarter. Patient Capital Management LLC now owns 1,676,777 shares of the oil and gas company's stock worth $65,277,000 after purchasing an additional 651,132 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on SDRL shares. Fearnley Fonds downgraded Seadrill from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. BWS Financial reissued a "buy" rating and issued a $80.00 price objective on shares of Seadrill in a research note on Tuesday, May 13th. Citigroup raised their price objective on Seadrill from $36.00 to $40.00 and gave the company a "buy" rating in a research note on Friday. BTIG Research set a $28.00 price objective on Seadrill in a research note on Monday, May 5th. Finally, Zacks Research raised Seadrill to a "strong sell" rating in a research note on Tuesday, August 12th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $49.33.

Seadrill Stock Performance

SDRL traded up $0.22 during midday trading on Friday, reaching $31.92. The company's stock had a trading volume of 481,335 shares, compared to its average volume of 1,001,859. The stock has a market cap of $1.99 billion, a P/E ratio of 28.50 and a beta of 1.61. The company has a fifty day simple moving average of $29.09 and a 200 day simple moving average of $26.12. 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 twelve month low of $17.74 and a twelve month high of $43.76.

Seadrill (NYSE:SDRL - Get Free Report) last announced its quarterly earnings data 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 return on equity of 1.58% and a net margin of 5.68%.The firm had revenue of $377.00 million for the quarter, compared to analyst estimates of $365.73 million. Research analysts expect that Seadrill Limited will post 1.86 earnings per share for the current year.

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.