Seadrill Limited $SDRL Shares Bought by Invesco Ltd.

Key Points

• Invesco Ltd. increased its holdings in Seadrill Limited by 50.8%, acquiring an additional 27,337 shares during the first quarter, bringing their total ownership to 81,184 shares valued at approximately $2,030,000.
• Institutional investors currently own 95.67% of Seadrill's stock, with several hedge funds significantly increasing their stakes during the same period.
• Seadrill reported a quarterly loss of ($0.68) per share, missing the analysts' estimates, despite revenues exceeding expectations at $377 million.

Invesco Ltd. grew its holdings in Seadrill Limited (NYSE:SDRL - Free Report) by 50.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,184 shares of the oil and gas company's stock after acquiring an additional 27,337 shares during the period. Invesco Ltd. owned about 0.13% of Seadrill worth $2,030,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Caldwell Sutter Capital Inc. purchased a new position in Seadrill in the first quarter valued at $30,000. Farther Finance Advisors LLC increased its holdings in Seadrill by 10,733.3% during the 1st quarter. Farther Finance Advisors LLC now owns 1,300 shares of the oil and gas company's stock worth $33,000 after purchasing an additional 1,288 shares during the period. Versant Capital Management Inc raised its position in Seadrill by 412.2% in the 1st quarter. Versant Capital Management Inc now owns 1,347 shares of the oil and gas company's stock valued at $34,000 after purchasing an additional 1,084 shares in the last quarter. CWM LLC boosted its stake in shares of Seadrill by 30.8% in the 1st quarter. CWM LLC now owns 3,585 shares of the oil and gas company's stock valued at $90,000 after buying an additional 845 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Seadrill by 4,509.4% in the 1st quarter. GAMMA Investing LLC now owns 7,375 shares of the oil and gas company's stock valued at $184,000 after buying an additional 7,215 shares during the period. Hedge funds and other institutional investors own 95.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Zacks Research raised shares of Seadrill to a "strong sell" rating in a report on Tuesday, August 12th. Citigroup raised their price objective on shares of Seadrill from $36.00 to $40.00 and gave the company a "buy" rating in a report on Friday, August 29th. Fearnley Fonds cut shares of Seadrill from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 30th. SEB Equity Research set a $33.00 target price on shares of Seadrill in a research note on Monday. Finally, BWS Financial reissued a "buy" rating and issued a $80.00 target price on shares of Seadrill in a report on Tuesday, May 13th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $45.25.

Seadrill Stock Performance

NYSE SDRL traded up $0.50 during trading hours on Wednesday, hitting $32.79. The company had a trading volume of 412,323 shares, compared to its average volume of 996,394. The business has a 50 day moving average of $29.39 and a 200-day moving average of $26.07. The company has a market cap of $2.04 billion, a PE ratio of 29.23 and a beta of 1.62. Seadrill Limited has a 1-year low of $17.74 and a 1-year high of $42.41. 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 (NYSE:SDRL - Get Free Report) last posted its earnings results on Wednesday, August 6th. The oil and gas company reported ($0.68) earnings per share for the quarter, missing the consensus estimate of $0.68 by ($1.36). The firm had revenue of $377.00 million during the quarter, compared to analysts' expectations of $365.73 million. Seadrill had a net margin of 5.68% and a return on equity of 1.58%. As a group, equities research analysts expect that Seadrill Limited will post 1.86 EPS for the current 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.