Hartree Partners LP Purchases 28,550 Shares of Seadrill Limited $SDRL

Key Points

• Hartree Partners LP increased its stake in Seadrill Limited by 10.5% in Q1, now holding 300,000 shares valued at $7.5 million, which constitutes 2.7% of its investment portfolio.
• Institutional investors own 95.67% of Seadrill's stock, with notable increases in holdings from Caitong International and Farther Finance Advisors, indicating growing interest in the company.
• Seadrill reported a quarterly loss of ($0.68) earnings per share, missing analyst expectations, yet generated revenue of $377 million against an estimate of $365.73 million.

Hartree Partners LP grew its holdings in Seadrill Limited (NYSE:SDRL - Free Report) by 10.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 300,000 shares of the oil and gas company's stock after purchasing an additional 28,550 shares during the period. Seadrill makes up 2.7% of Hartree Partners LP's portfolio, making the stock its 12th biggest position. Hartree Partners LP owned about 0.48% of Seadrill worth $7,500,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wells Fargo & Company MN raised its position in Seadrill by 34.9% during the fourth quarter. Wells Fargo & Company MN now owns 38,325 shares of the oil and gas company's stock valued at $1,492,000 after buying an additional 9,914 shares during the period. Invesco Ltd. grew its stake in Seadrill by 12.6% during the 4th quarter. Invesco Ltd. now owns 53,847 shares of the oil and gas company's stock valued at $2,096,000 after acquiring an additional 6,015 shares in the last quarter. Mariner LLC grew its stake in Seadrill by 32.3% during the 4th quarter. Mariner LLC now owns 8,458 shares of the oil and gas company's stock valued at $329,000 after acquiring an additional 2,063 shares in the last quarter. Guggenheim Capital LLC increased its holdings in shares of Seadrill by 64.9% in the 4th quarter. Guggenheim Capital LLC now owns 13,230 shares of the oil and gas company's stock valued at $515,000 after purchasing an additional 5,206 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Seadrill by 12.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,459,524 shares of the oil and gas company's stock valued at $134,677,000 after purchasing an additional 384,471 shares during the period. Institutional investors and hedge funds own 95.67% of the company's stock.

Seadrill Stock Up 0.2%

Shares of NYSE SDRL traded up $0.06 during mid-day trading on Monday, reaching $31.43. 785,039 shares of the company traded hands, compared to its average volume of 895,628. The company's fifty day moving average is $28.91 and its two-hundred day moving average is $26.11. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.87 and a current ratio of 1.87. Seadrill Limited has a fifty-two week low of $17.74 and a fifty-two week high of $44.74. The stock has a market cap of $1.96 billion, a PE ratio of 28.06 and a beta of 1.61.

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

Analysts Set New Price Targets

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

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.