Fluent Financial LLC Takes $2.36 Million Position in Seadrill Limited $SDRL

Key Points

• Fluent Financial LLC acquired a new stake of 68,218 shares in Seadrill, valued at approximately $2.36 million, representing about 0.11% of the company at the end of the reporting period.
• Seadrill beat quarterly EPS and revenue estimates (EPS $0.12 vs. $0.07; revenue $362M vs. $335.36M) but remains unprofitable with a negative net margin (-5.36%) and negative ROE.
• Institutional investors own 95.67% of the stock; the shares trade near a 52-week high (~$45.45) and analysts have a consensus rating of "Hold" with a $48.00 target.

Fluent Financial LLC acquired a new stake in shares of Seadrill Limited (NYSE:SDRL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 68,218 shares of the oil and gas company's stock, valued at approximately $2,360,000. Fluent Financial LLC owned approximately 0.11% of Seadrill at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SDRL. Swiss National Bank bought a new stake in shares of Seadrill during the 2nd quarter valued at approximately $2,961,000. JPMorgan Chase & Co. grew its position in Seadrill by 498.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 614,849 shares of the oil and gas company's stock worth $16,140,000 after acquiring an additional 512,074 shares during the last quarter. Legal & General Group Plc raised its position in Seadrill by 554.6% in the second quarter. Legal & General Group Plc now owns 69,010 shares of the oil and gas company's stock valued at $1,812,000 after purchasing an additional 58,467 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Seadrill by 18.0% during the second quarter. American Century Companies Inc. now owns 538,021 shares of the oil and gas company's stock valued at $14,123,000 after purchasing an additional 82,138 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of Seadrill by 23.1% in the second quarter. Russell Investments Group Ltd. now owns 38,538 shares of the oil and gas company's stock valued at $1,012,000 after buying an additional 7,233 shares during the period. 95.67% of the stock is currently owned by institutional investors.

Seadrill Trading Down 0.0%

NYSE SDRL opened at $45.45 on Friday. Seadrill Limited has a 52 week low of $17.74 and a 52 week high of $46.26. The business has a 50 day moving average price of $41.89 and a 200-day moving average price of $35.31. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.21. The company has a market cap of $2.84 billion, a price-to-earnings ratio of -36.65 and a beta of 1.45.

Seadrill (NYSE:SDRL - Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The oil and gas company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.05. The business had revenue of $362.00 million during the quarter, compared to analyst estimates of $335.36 million. Seadrill had a negative net margin of 5.36% and a negative return on equity of 2.07%. As a group, equities analysts expect that Seadrill Limited will post 1.86 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Barclays increased their price objective on Seadrill from $39.00 to $41.00 and gave the company an "equal weight" rating in a report on Monday, March 2nd. BTIG Research lifted their target price on Seadrill from $33.00 to $40.00 and gave the stock a "buy" rating in a report on Friday, January 9th. Citigroup upgraded Seadrill from a "sell" rating to a "neutral" rating and upped their price target for the company from $32.00 to $46.00 in a research report on Thursday, March 5th. BWS Financial reissued a "buy" rating and issued a $80.00 price target on shares of Seadrill in a research note on Friday, January 23rd. Finally, Wall Street Zen upgraded Seadrill from a "sell" rating to a "hold" rating in a research report on Saturday, March 7th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Seadrill currently has a consensus rating of "Hold" and a consensus target price of $48.00.

About Seadrill

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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