De Lisle Partners LLP Acquires Shares of 35,000 Seadrill Limited $SDRL

Key Points

• De Lisle Partners LLP acquired 35,000 Seadrill shares worth approximately $1.325 million during the second quarter, giving it a 0.06% stake. Institutional investors and hedge funds collectively own 95.67% of SDRL.
• Seadrill exceeded quarterly expectations, reporting $0.47 in EPS versus the $0.29 consensus estimate and revenue of $430 million versus estimates of $388.46 million.
• Analyst sentiment is generally positive, with a consensus “Moderate Buy” rating and a $55 price target, although ratings range from “Strong Buy” to “Sell.” Shares recently opened at $47.39.

De Lisle Partners LLP acquired a new stake in Seadrill Limited (NYSE:SDRL - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 35,000 shares of the oil and gas company's stock, valued at approximately $1,325,000. De Lisle Partners LLP owned 0.06% of Seadrill at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. BlackRock Inc. bought a new position in shares of Seadrill during the 2nd quarter worth approximately $207,509,000. Schf GPE LLC bought a new stake in Seadrill in the second quarter valued at $60,132,000. Elliott Investment Management L.P. grew its position in Seadrill by 23.1% in the fourth quarter. Elliott Investment Management L.P. now owns 4,558,758 shares of the oil and gas company's stock valued at $157,733,000 after acquiring an additional 855,012 shares during the period. Thomist Capital Management LP raised its stake in Seadrill by 44.6% during the fourth quarter. Thomist Capital Management LP now owns 1,835,718 shares of the oil and gas company's stock worth $63,387,000 after acquiring an additional 566,419 shares in the last quarter. Finally, Goehring & Rozencwajg Associates LLC raised its stake in Seadrill by 27.6% during the first quarter. Goehring & Rozencwajg Associates LLC now owns 2,449,565 shares of the oil and gas company's stock worth $111,455,000 after acquiring an additional 529,884 shares in the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

Seadrill Trading Down 1.0%

Shares of SDRL opened at $47.39 on Friday. The stock has a fifty day moving average price of $42.37 and a two-hundred day moving average price of $44.61. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.50 and a current ratio of 2.50. Seadrill Limited has a 52-week low of $28.10 and a 52-week high of $55.47. The company has a market cap of $2.96 billion, a price-to-earnings ratio of 1,579.67 and a beta of 1.21.

Seadrill (NYSE:SDRL - Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The oil and gas company reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.18. Seadrill had a return on equity of 0.64% and a net margin of 0.07%.The company had revenue of $430.00 million for the quarter, compared to analyst estimates of $388.46 million. Analysts predict that Seadrill Limited will post 0.37 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Weiss Ratings restated a "sell (d+)" rating on shares of Seadrill in a research note on Tuesday, June 30th. Zacks Research upgraded shares of Seadrill from a "strong sell" rating to a "hold" rating in a research report on Tuesday, April 28th. Fearnley Fonds raised shares of Seadrill from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 12th. BWS Financial restated a "buy" rating and issued a $80.00 price target on shares of Seadrill in a research report on Tuesday, August 11th. Finally, Barclays raised shares of Seadrill from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $41.00 to $59.00 in a research note on Thursday, May 7th. Three equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $55.00.

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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