Seadrill Limited (NYSE:SDRL) Shares Acquired by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. increased its position in shares of Seadrill Limited (NYSE:SDRL - Free Report) by 336.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,185 shares of the oil and gas company's stock after purchasing an additional 55,635 shares during the period. D. E. Shaw & Co. Inc. owned 0.10% of Seadrill worth $2,810,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new position in Seadrill in the fourth quarter valued at $28,000. Sterling Capital Management LLC lifted its position in Seadrill by 756.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,567 shares of the oil and gas company's stock valued at $61,000 after purchasing an additional 1,384 shares during the period. PNC Financial Services Group Inc. lifted its position in Seadrill by 10.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,754 shares of the oil and gas company's stock valued at $146,000 after purchasing an additional 354 shares during the period. Crestline Management LP purchased a new position in Seadrill in the fourth quarter valued at about $216,000. Finally, Cibc World Markets Corp purchased a new position in Seadrill in the fourth quarter valued at about $253,000. Institutional investors and hedge funds own 95.67% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. BWS Financial reaffirmed a "buy" rating and issued a $80.00 target price on shares of Seadrill in a report on Tuesday, May 13th. Citigroup dropped their target price on shares of Seadrill from $46.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, March 19th. Finally, BTIG Research set a $28.00 price objective on Seadrill in a research report on Monday, May 5th.

Seadrill Price Performance

Shares of Seadrill stock traded up $0.28 during trading on Friday, hitting $23.10. 470,247 shares of the company were exchanged, compared to its average volume of 966,962. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.21. Seadrill Limited has a fifty-two week low of $17.74 and a fifty-two week high of $56.46. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 4.03 and a beta of 1.48. The firm has a 50 day moving average price of $22.48 and a 200 day moving average price of $30.78.

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

Seadrill Company 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.