Seadrill Limited $SDRL Shares Acquired by Deutsche Bank AG

Key Points

• Deutsche Bank AG increased its stake in Seadrill Limited by 335.4% in the first quarter, now holding approximately 253,365 shares valued at $6.33 million.
• Institutional investors control 95.67% of Seadrill's stock, with various firms experiencing significant increases in their holdings during the same period.
• Analysts have mixed ratings for Seadrill, with current consensus at a "Hold" and target prices ranging from $28.00 to $80.00 per share.

Deutsche Bank AG raised its stake in Seadrill Limited (NYSE:SDRL - Free Report) by 335.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 253,365 shares of the oil and gas company's stock after buying an additional 195,174 shares during the period. Deutsche Bank AG owned about 0.41% of Seadrill worth $6,334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Cedar Wealth Management LLC purchased a new stake in Seadrill in the 1st quarter valued at about $267,000. Truffle Hound Capital LLC purchased a new stake in Seadrill in the 1st quarter valued at about $1,500,000. Monaco Asset Management SAM purchased a new stake in Seadrill in the 1st quarter valued at about $5,000,000. XTX Topco Ltd boosted its position in Seadrill by 232.2% in the 1st quarter. XTX Topco Ltd now owns 17,741 shares of the oil and gas company's stock valued at $444,000 after buying an additional 12,401 shares during the period. Finally, GSA Capital Partners LLP purchased a new stake in shares of Seadrill in the 1st quarter worth approximately $1,491,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

Seadrill Stock Down 0.2%

Shares of NYSE SDRL traded down $0.0620 during trading hours on Thursday, hitting $29.1280. 666,234 shares of the stock were exchanged, compared to its average volume of 849,455. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.21. The company has a market cap of $1.81 billion, a PE ratio of 26.01 and a beta of 1.61. The firm has a fifty day moving average price of $28.82 and a 200-day moving average price of $26.23. Seadrill Limited has a 12 month low of $17.74 and a 12 month high of $44.74.

Seadrill (NYSE:SDRL - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The oil and gas company reported ($0.68) EPS for the quarter, missing the consensus estimate of $0.68 by ($1.36). The firm had revenue of $377.00 million for the quarter, compared to the consensus estimate of $365.73 million. Seadrill had a return on equity of 1.58% and a net margin of 5.68%. On average, sell-side analysts expect that Seadrill Limited will post 1.86 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on SDRL. BWS Financial reaffirmed a "buy" rating and issued a $80.00 price target on shares of Seadrill in a research report on Tuesday, May 13th. Citigroup reaffirmed a "buy" rating and issued a $36.00 price target (up previously from $35.00) on shares of Seadrill in a research report on Wednesday, June 18th. BTIG Research set a $28.00 price target on shares of Seadrill in a research report on Monday, May 5th. Zacks Research raised shares of Seadrill to a "strong sell" rating in a research report on Tuesday, August 12th. Finally, Fearnley Fonds cut shares of Seadrill from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $48.00.

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.