Jupiter Topco LLC Acquires Shares of 25,000 Seadrill Limited $SDRL

Key Points

• Jupiter Topco LLC acquired 25,000 Seadrill shares during the second quarter, valued at approximately $946,000. Institutional investors and hedge funds now own 95.67% of Seadrill’s stock.
• Analyst sentiment is broadly positive, with Seadrill receiving a “Moderate Buy” consensus rating and an average price target of $59.40; targets include $80 from BWS Financial and $55 from Capital One Financial.
• Seadrill reported quarterly EPS of $0.47, beating the $0.29 consensus estimate, while revenue of $430 million exceeded expectations of $388.46 million. Shares opened at $49.00, within a 52-week range of $28.10 to $55.47.

Jupiter Topco LLC bought a new position in shares of Seadrill Limited (NYSE:SDRL - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 25,000 shares of the oil and gas company's stock, valued at approximately $946,000.

Several other institutional investors have also modified their holdings of the business. SIR Capital Management L.P. purchased a new position in Seadrill in the second quarter valued at about $9,870,000. Legal & General Group Plc purchased a new stake in Seadrill during the 2nd quarter worth approximately $2,391,000. The Manufacturers Life Insurance Company purchased a new stake in Seadrill during the 2nd quarter worth approximately $911,000. Webs Creek Capital Management LP purchased a new stake in Seadrill during the 2nd quarter worth approximately $49,368,299. Finally, Algert Global LLC acquired a new position in shares of Seadrill in the 2nd quarter valued at approximately $6,637,000. Institutional investors and hedge funds own 95.67% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on SDRL shares. BWS Financial reiterated a "buy" rating and set a $80.00 target price on shares of Seadrill in a research note on Tuesday, August 11th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Seadrill in a report on Tuesday, June 30th. Capital One Financial set a $55.00 price objective on shares of Seadrill and gave the company an "overweight" rating in a research note on Wednesday, July 1st. Finally, Fearnley Fonds raised shares of Seadrill from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 12th. 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 company's stock. According to MarketBeat, Seadrill currently has an average rating of "Moderate Buy" and a consensus price target of $59.40.

Seadrill Stock Down 2.1%

Shares of Seadrill stock opened at $49.00 on Friday. The business has a 50-day moving average price of $44.17 and a 200 day moving average price of $45.18. Seadrill Limited has a fifty-two week low of $28.10 and a fifty-two week high of $55.47. The firm has a market cap of $3.06 billion, a P/E ratio of 1,633.33 and a beta of 1.22. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.26.

Seadrill (NYSE:SDRL - Get Free Report) last released its earnings results on Monday, August 10th. The oil and gas company reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.18. The company had revenue of $430.00 million for the quarter, compared to the consensus estimate of $388.46 million. Seadrill had a return on equity of 0.64% and a net margin of 0.07%. On average, sell-side analysts forecast that Seadrill Limited will post 0.37 earnings per share for the current fiscal year.

Seadrill 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.

Want to see what other hedge funds are holding SDRL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Seadrill Limited (NYSE:SDRL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.