Deutsche Bank AG Buys Shares of 267,222 Seadrill Limited $SDRL

Key Points

• Deutsche Bank acquired 267,222 Seadrill shares worth approximately $10.1 million, giving it a 0.43% stake. Institutional investors collectively own 95.67% of the company.
• Analyst sentiment is moderately bullish, with a consensus “Moderate Buy” rating and a $55 price target, although ratings range from “Strong Buy” to “Sell.”
• Seadrill exceeded quarterly expectations, reporting $0.47 earnings per share versus the $0.29 consensus estimate and revenue of $430 million against forecasts of $388.46 million.

Deutsche Bank AG purchased a new position in shares of Seadrill Limited (NYSE:SDRL - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 267,222 shares of the oil and gas company's stock, valued at approximately $10,106,000. Deutsche Bank AG owned approximately 0.43% of Seadrill at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in SDRL. Monaco Asset Management SAM acquired a new position in shares of Seadrill during the 2nd quarter worth about $9,064,000. Bank of New York Mellon Corp bought a new stake in Seadrill in the 2nd quarter valued at $7,683,000. State of Wyoming bought a new stake in Seadrill in the 2nd quarter valued at $55,000. Dockside LLC bought a new stake in Seadrill in the 2nd quarter valued at about $5,153,000. Finally, Walleye Capital LLC bought a new stake in Seadrill in the 2nd quarter valued at about $2,747,000. Institutional investors own 95.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. BWS Financial reaffirmed a "buy" rating and set a $80.00 price target on shares of Seadrill in a report on Tuesday, August 11th. Weiss Ratings restated a "sell (d+)" rating on shares of Seadrill in a research report on Tuesday, June 30th. Fearnley Fonds upgraded Seadrill from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 12th. Zacks Research raised shares of Seadrill from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 28th. Finally, Capital One Financial set a $55.00 target price on Seadrill and gave the stock an "overweight" rating in a report on Wednesday, July 1st. Three analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $55.00.

Seadrill Stock Performance

Shares of SDRL opened at $47.39 on Monday. The firm has a market capitalization of $2.96 billion, a P/E ratio of 1,579.67 and a beta of 1.21. The stock has a 50 day moving average price of $42.37 and a two-hundred day moving average price of $44.66. Seadrill Limited has a 52 week low of $28.10 and a 52 week high of $55.47. 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 (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, beating the consensus estimate of $0.29 by $0.18. The firm had revenue of $430.00 million during the quarter, compared to analyst estimates of $388.46 million. Seadrill had a net margin of 0.07% and a return on equity of 0.64%. Equities analysts forecast that Seadrill Limited will post 0.37 earnings per share for the current fiscal year.

Seadrill Company 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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