Deutsche Bank AG Buys 17,838 Shares of Seadrill Limited (NYSE:SDRL)

Deutsche Bank AG lifted its stake in Seadrill Limited (NYSE:SDRL - Free Report) by 44.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,191 shares of the oil and gas company's stock after buying an additional 17,838 shares during the period. Deutsche Bank AG owned about 0.08% of Seadrill worth $2,265,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SDRL. Headlands Technologies LLC acquired a new stake in Seadrill in the 4th quarter valued at $28,000. Sterling Capital Management LLC lifted its holdings in shares of Seadrill by 756.3% during 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 acquiring an additional 1,384 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Seadrill by 10.4% in the 4th 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 in the last quarter. Crestline Management LP bought a new stake in shares of Seadrill in the 4th quarter worth about $216,000. Finally, Cibc World Markets Corp bought a new stake in shares of Seadrill in the 4th quarter worth about $253,000. 95.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on SDRL. BTIG Research set a $28.00 price target on shares of Seadrill in a research report on Monday, May 5th. Citigroup cut their target price on shares of Seadrill from $46.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, March 19th. Finally, BWS Financial restated a "buy" rating and set a $80.00 price target on shares of Seadrill in a research report on Tuesday, May 13th.

Seadrill Stock Down 1.8%

Shares of NYSE SDRL opened at $22.82 on Friday. Seadrill Limited has a 12-month low of $17.74 and a 12-month high of $56.46. The firm's 50-day simple moving average is $22.52 and its 200 day simple moving average is $30.94. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.21. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 3.98 and a beta of 1.48.

Seadrill (NYSE:SDRL - Get Free Report) last announced its earnings results on Monday, May 12th. The oil and gas company reported ($0.23) earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by ($0.48). The company had revenue of $335.00 million during the quarter, compared to the consensus estimate of $325.69 million. Seadrill had a return on equity of 7.24% and a net margin of 27.79%. On average, research 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.

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