BTG Pactual Asset Management US LLC Buys Shares of 56,455 Seadrill Limited $SDRL

Key Points

• BTG Pactual Asset Management bought 56,455 Seadrill shares worth approximately $2.14 million, while several other major institutional investors also initiated or expanded positions. Institutions and hedge funds now own 95.67% of the company.
• Analyst sentiment is generally positive, with a consensus rating of “Moderate Buy” and an average price target of $55.00; targets range from $55 to $80, though Weiss Ratings maintains a sell rating.
• Seadrill reported quarterly EPS of $0.47, beating estimates of $0.29, and revenue of $430 million versus expectations of $388.46 million. SDRL opened at $47.59, compared with a 52-week range of $28.10 to $55.47.

BTG Pactual Asset Management US LLC purchased a new stake in Seadrill Limited (NYSE:SDRL - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 56,455 shares of the oil and gas company's stock, valued at approximately $2,135,000. BTG Pactual Asset Management US LLC owned approximately 0.09% of Seadrill at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. BlackRock Inc. acquired a new position in shares of Seadrill during the 2nd quarter worth approximately $207,509,000. Schf GPE LLC purchased a new stake in Seadrill in the 2nd quarter valued at approximately $60,132,000. Patient Capital Management LLC acquired a new stake in Seadrill during the 2nd quarter valued at $73,876,000. Webs Creek Capital Management LP acquired a new stake in Seadrill during the 2nd quarter valued at $49,368,299. Finally, Elliott Investment Management L.P. increased its position in Seadrill by 23.1% during the fourth quarter. Elliott Investment Management L.P. now owns 4,558,758 shares of the oil and gas company's stock worth $157,733,000 after buying an additional 855,012 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SDRL. Capital One Financial set a $55.00 price objective on Seadrill and gave the company an "overweight" rating in a research report on Wednesday, July 1st. BWS Financial reiterated a "buy" rating and set a $80.00 price objective on shares of Seadrill in a research report on Tuesday, August 11th. Fearnley Fonds raised shares of Seadrill from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 12th. Barclays upgraded shares of Seadrill from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $41.00 to $59.00 in a report on Thursday, May 7th. Finally, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Seadrill in a research note on Tuesday, June 30th. Three equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $55.00.

Seadrill Price Performance

SDRL stock opened at $47.59 on Monday. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 1,586.33 and a beta of 1.21. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.26. Seadrill Limited has a 52-week low of $28.10 and a 52-week high of $55.47. The stock's fifty day simple moving average is $43.10 and its 200-day simple moving average is $44.93.

Seadrill (NYSE:SDRL - Get Free Report) last released its earnings results on Monday, August 10th. The oil and gas company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.29 by $0.18. Seadrill had a return on equity of 0.64% and a net margin of 0.07%.The firm had revenue of $430.00 million during the quarter, compared to analyst estimates of $388.46 million. Equities research analysts expect that Seadrill Limited will post 0.37 EPS for the current year.

Seadrill Profile

Seadrill Limited, trading on the New York Stock Exchange under the symbol SDRL, is a leading provider of offshore drilling services to the global oil and gas industry. The company specializes in the design, construction, deployment and operation of mobile offshore drilling units, serving major exploration and production companies with turnkey drilling solutions.

Seadrill’s fleet comprises ultra-deepwater drillships, semi-submersible rigs and high-specification jack-up units capable of operating in some of the world’s most challenging offshore environments.

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