Cwm LLC Has $769,000 Stake in Seadrill Limited $SDRL

Key Points

• Cwm LLC significantly increased its stake in Seadrill Limited by 717.4% during the second quarter, reaching a total worth of $769,000 with 29,303 shares owned.
• Various analysts have set new price targets for Seadrill, with Citigroup raising its target from $40 to $42 and maintaining a "buy" rating, while Barclays assigned a $33 target with an "equal weight" rating.
• Seadrill trades at approximately $30.64 and has a market cap of $1.91 billion, with a reported earnings per share of ($0.68) for the previous quarter, missing expectations.

Cwm LLC grew its holdings in Seadrill Limited (NYSE:SDRL - Free Report) by 717.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,303 shares of the oil and gas company's stock after purchasing an additional 25,718 shares during the period. Cwm LLC's holdings in Seadrill were worth $769,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Jump Financial LLC acquired a new position in shares of Seadrill in the 1st quarter valued at about $1,634,000. GSA Capital Partners LLP acquired a new position in Seadrill in the first quarter worth approximately $1,491,000. Invesco Ltd. increased its holdings in Seadrill by 50.8% in the first quarter. Invesco Ltd. now owns 81,184 shares of the oil and gas company's stock worth $2,030,000 after buying an additional 27,337 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in Seadrill in the second quarter worth approximately $498,000. Finally, Truffle Hound Capital LLC acquired a new position in Seadrill in the first quarter worth approximately $1,500,000. Institutional investors and hedge funds own 95.67% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on SDRL shares. Citigroup increased their price objective on Seadrill from $40.00 to $42.00 and gave the stock a "buy" rating in a report on Wednesday, October 8th. Barclays assumed coverage on Seadrill in a research report on Tuesday, October 7th. They set an "equal weight" rating and a $33.00 target price for the company. SEB Equity Research set a $33.00 target price on Seadrill in a research report on Monday, September 1st. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Seadrill in a research report on Wednesday, October 8th. Finally, Fearnley Fonds cut Seadrill from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Seadrill presently has a consensus rating of "Hold" and a consensus price target of $43.20.

Seadrill Stock Up 2.6%

Shares of SDRL stock opened at $30.64 on Thursday. The stock has a market cap of $1.91 billion, a P/E ratio of 27.35 and a beta of 1.58. Seadrill Limited has a one year low of $17.74 and a one year high of $42.36. The stock has a fifty day moving average price of $31.26 and a 200 day moving average price of $27.49. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.87 and a quick ratio of 1.87.

Seadrill (NYSE:SDRL - Get Free Report) last issued its earnings results on Wednesday, August 6th. The oil and gas company reported ($0.68) EPS for the quarter, missing the consensus estimate of $0.68 by ($1.36). The firm had revenue of $377.00 million during the quarter, compared to the consensus estimate of $365.73 million. Seadrill had a return on equity of 1.58% and a net margin of 5.68%. Analysts predict 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.

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