D. E. Shaw & Co. Inc. Buys 55,635 Shares of Seadrill Limited (NYSE:SDRL)

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

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SDRL. Barclays PLC increased its position in Seadrill by 48.5% during the 3rd quarter. Barclays PLC now owns 930,942 shares of the oil and gas company's stock valued at $36,996,000 after buying an additional 303,839 shares in the last quarter. SG Americas Securities LLC increased its position in Seadrill by 261.5% during the 4th quarter. SG Americas Securities LLC now owns 89,969 shares of the oil and gas company's stock valued at $3,502,000 after buying an additional 65,078 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in Seadrill during the 4th quarter valued at approximately $517,000. Entropy Technologies LP bought a new position in Seadrill during the 4th quarter valued at approximately $288,000. Finally, Rhumbline Advisers increased its holdings in shares of Seadrill by 2.0% in the 4th quarter. Rhumbline Advisers now owns 103,205 shares of the oil and gas company's stock worth $4,018,000 after purchasing an additional 2,050 shares in the last quarter. Institutional investors own 95.67% of the company's stock.

Seadrill Stock Performance

Shares of SDRL opened at $23.82 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.53 and a quick ratio of 2.53. Seadrill Limited has a one year low of $17.74 and a one year high of $56.46. The firm has a market capitalization of $1.48 billion, a P/E ratio of 4.15 and a beta of 1.48. The business has a fifty day moving average of $22.58 and a 200 day moving average of $31.21.

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

Analysts Set New Price Targets

SDRL has been the subject of a number of research analyst reports. Citigroup reduced their target price on Seadrill from $46.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, March 19th. BWS Financial reissued a "buy" rating and issued a $80.00 target price on shares of Seadrill in a report on Tuesday, May 13th. Finally, BTIG Research set a $28.00 target price on Seadrill in a report on Monday, May 5th.

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.

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