Kestra Advisory Services LLC Acquires 20,730 Shares of Seadrill Limited $SDRL

Key Points

• Kestra Advisory Services LLC increased its stake in Seadrill Limited by 73.6%, owning approximately 0.08% of the company valued at $1,223,000 after acquiring an additional 20,730 shares in Q1.
• Other institutional investors also increased their stakes significantly, with some like Caitong International Asset Management growing holdings by 254.1% and Farther Finance Advisors increasing by 10,733.3%.
• Seadrill's stock is currently rated as "Hold" with an average price target of $49.33, despite mixed ratings from analysts, with some upgrading and others downgrading their positions recently.

Kestra Advisory Services LLC boosted its stake in shares of Seadrill Limited (NYSE:SDRL - Free Report) by 73.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 48,913 shares of the oil and gas company's stock after acquiring an additional 20,730 shares during the quarter. Kestra Advisory Services LLC owned approximately 0.08% of Seadrill worth $1,223,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Mariner LLC lifted its position 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 purchasing an additional 2,063 shares during the period. Stifel Financial Corp lifted its position in Seadrill by 129.7% during the 4th quarter. Stifel Financial Corp now owns 73,626 shares of the oil and gas company's stock valued at $2,866,000 after purchasing an additional 41,578 shares during the period. Northern Trust Corp lifted its position in Seadrill by 4.5% during the 4th quarter. Northern Trust Corp now owns 439,364 shares of the oil and gas company's stock valued at $17,104,000 after purchasing an additional 18,890 shares during the period. Ameriprise Financial Inc. acquired a new position in Seadrill during the 4th quarter valued at about $409,000. Finally, BNP Paribas Financial Markets acquired a new position in Seadrill during the 4th quarter valued at about $66,400,000. Institutional investors own 95.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Citigroup upped their target price on shares of Seadrill from $36.00 to $40.00 and gave the company a "buy" rating in a research report on Friday, August 29th. SEB Equity Research set a $33.00 target price on shares of Seadrill in a research report on Monday. Zacks Research upgraded shares of Seadrill to a "strong sell" rating in a research report on Tuesday, August 12th. Fearnley Fonds downgraded shares of Seadrill from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Finally, BWS Financial reiterated a "buy" rating and issued a $80.00 price target on shares of Seadrill in a research report on Tuesday, May 13th. Three equities research 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 data from MarketBeat.com, Seadrill has an average rating of "Hold" and a consensus price target of $45.25.

Seadrill Stock Down 0.0%

SDRL stock traded down $0.01 during mid-day trading on Thursday, hitting $32.77. 427,034 shares of the company were exchanged, compared to its average volume of 997,937. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.87 and a current ratio of 1.87. The firm has a market cap of $2.04 billion, a P/E ratio of 29.35 and a beta of 1.62. The firm's 50 day simple moving average is $29.53 and its 200 day simple moving average is $26.08. Seadrill Limited has a 1-year low of $17.74 and a 1-year high of $42.41.

Seadrill (NYSE:SDRL - Get Free Report) last announced its earnings results 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 company had revenue of $377.00 million for the quarter, compared to analyst estimates 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 predict that Seadrill Limited will post 1.86 EPS for the current fiscal year.

Seadrill 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.