Lazard Asset Management LLC Purchases Shares of 33,411 Seadrill Limited (NYSE:SDRL)

Lazard Asset Management LLC acquired a new stake in Seadrill Limited (NYSE:SDRL - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 33,411 shares of the oil and gas company's stock, valued at approximately $1,300,000.

Several other large investors have also bought and sold shares of the business. Lloyd Harbor Capital Management LLC acquired a new position in Seadrill in the fourth quarter valued at approximately $7,786,000. Interval Partners LP raised its holdings in Seadrill by 46.4% in the fourth quarter. Interval Partners LP now owns 57,915 shares of the oil and gas company's stock worth $2,255,000 after purchasing an additional 18,348 shares during the period. Kettle Hill Capital Management LLC acquired a new stake in Seadrill in the fourth quarter worth $6,545,000. D. E. Shaw & Co. Inc. raised its holdings in Seadrill by 336.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 72,185 shares of the oil and gas company's stock worth $2,810,000 after purchasing an additional 55,635 shares during the period. Finally, Deutsche Bank AG raised its holdings in Seadrill by 44.2% in the fourth quarter. Deutsche Bank AG now owns 58,191 shares of the oil and gas company's stock worth $2,265,000 after purchasing an additional 17,838 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Seadrill Stock Up 1.2%

Shares of SDRL stock traded up $0.28 during trading hours on Friday, hitting $23.10. 470,247 shares of the company were exchanged, compared to its average volume of 966,962. The business has a 50 day moving average of $22.48 and a two-hundred day moving average of $30.84. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.21. Seadrill Limited has a 52 week low of $17.74 and a 52 week high of $56.46. The company has a market capitalization of $1.44 billion, a PE ratio of 4.03 and a beta of 1.48.

Seadrill (NYSE:SDRL - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The oil and gas company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.48). Seadrill had a return on equity of 7.24% and a net margin of 27.79%. The company had revenue of $335.00 million for the quarter, compared to the consensus estimate of $325.69 million. Analysts anticipate that Seadrill Limited will post 1.86 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SDRL has been the topic of several analyst reports. Citigroup cut their target price on shares of Seadrill from $46.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th. BTIG Research set a $28.00 target price on shares of Seadrill in a report on Monday, May 5th. Finally, BWS Financial reiterated a "buy" rating and issued a $80.00 target price on shares of Seadrill in a report on Tuesday, May 13th.

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.