Monaco Asset Management SAM Takes Position in Seadrill Limited (NYSE:SDRL)

Monaco Asset Management SAM bought a new position in shares of Seadrill Limited (NYSE:SDRL - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 200,000 shares of the oil and gas company's stock, valued at approximately $5,000,000. Seadrill accounts for about 1.0% of Monaco Asset Management SAM's holdings, making the stock its 12th largest holding. Monaco Asset Management SAM owned 0.32% of Seadrill as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Headlands Technologies LLC bought a new stake in shares of Seadrill during the 4th quarter valued at approximately $28,000. Caldwell Sutter Capital Inc. bought a new stake in Seadrill during the 1st quarter worth approximately $30,000. Farther Finance Advisors LLC grew 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 acquiring an additional 1,288 shares during the last quarter. Versant Capital Management Inc grew its holdings in Seadrill by 412.2% during the 1st quarter. Versant Capital Management Inc now owns 1,347 shares of the oil and gas company's stock worth $34,000 after acquiring an additional 1,084 shares during the last quarter. Finally, Sterling Capital Management LLC grew its holdings in Seadrill by 756.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,567 shares of the oil and gas company's stock worth $61,000 after acquiring an additional 1,384 shares during the last quarter. Institutional investors own 95.67% of the company's stock.

Seadrill Stock Down 4.7%

Shares of SDRL stock traded down $1.37 on Friday, hitting $27.79. The stock had a trading volume of 752,919 shares, compared to its average volume of 1,018,928. The business has a 50 day moving average of $27.53 and a 200 day moving average of $27.06. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 5.25 and a beta of 1.60. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.01 and a quick ratio of 2.01. Seadrill Limited has a 12-month low of $17.74 and a 12-month high of $51.84.

Seadrill (NYSE:SDRL - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The oil and gas company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.48). Seadrill had a return on equity of 4.68% and a net margin of 27.49%. The company had revenue of $335.00 million for the quarter, compared to analysts' expectations of $325.69 million. As a group, analysts expect that Seadrill Limited will post 1.86 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. BWS Financial reissued a "buy" rating and set a $80.00 target price on shares of Seadrill in a report on Tuesday, May 13th. BTIG Research set a $28.00 price objective on shares of Seadrill in a research note on Monday, May 5th. Finally, Citigroup reaffirmed a "buy" rating and issued a $36.00 price objective (up from $35.00) on shares of Seadrill in a research note on Wednesday, June 18th.

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.