Monaco Asset Management SAM Makes New Investment in Seadrill Limited (NYSE:SDRL)

Monaco Asset Management SAM bought a new position in Seadrill Limited (NYSE:SDRL - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 200,000 shares of the oil and gas company's stock, valued at approximately $5,000,000. Seadrill comprises approximately 1.0% of Monaco Asset Management SAM's portfolio, making the stock its 12th largest position. Monaco Asset Management SAM owned about 0.32% of Seadrill at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of SDRL. Ameriprise Financial Inc. acquired a new position in shares of Seadrill during the fourth quarter worth approximately $409,000. Exchange Traded Concepts LLC boosted its position in shares of Seadrill by 547.7% during the first quarter. Exchange Traded Concepts LLC now owns 15,615 shares of the oil and gas company's stock worth $390,000 after buying an additional 13,204 shares during the period. GSA Capital Partners LLP acquired a new position in shares of Seadrill during the first quarter worth approximately $1,491,000. JPMorgan Chase & Co. boosted its position in shares of Seadrill by 134.8% during the fourth quarter. JPMorgan Chase & Co. now owns 206,738 shares of the oil and gas company's stock worth $8,048,000 after buying an additional 118,699 shares during the period. Finally, Third Point LLC acquired a new position in shares of Seadrill during the fourth quarter worth approximately $39,903,000. Institutional investors own 95.67% of the company's stock.

Seadrill Price Performance

NYSE:SDRL traded down $1.37 during midday trading on Friday, hitting $27.79. 752,919 shares of the stock were exchanged, compared to its average volume of 724,361. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 5.25 and a beta of 1.60. Seadrill Limited has a one year low of $17.74 and a one year high of $51.84. The business has a 50-day moving average price of $27.75 and a two-hundred day moving average price of $27.08.

Seadrill (NYSE:SDRL - Get Free Report) last posted its quarterly earnings results 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). The business had revenue of $335.00 million during the quarter, compared to analyst estimates of $325.69 million. Seadrill had a return on equity of 4.68% and a net margin of 27.49%. Sell-side analysts predict that Seadrill Limited will post 1.86 EPS for the current year.

Wall Street Analysts Forecast Growth

SDRL has been the topic of several recent analyst reports. Fearnley Fonds cut Seadrill from a "strong-buy" rating to a "hold" rating in a report on Wednesday. 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 target price on Seadrill in a report on Monday, May 5th. Finally, Citigroup reissued a "buy" rating and set a $36.00 target price (up previously from $35.00) on shares of Seadrill in a report on Wednesday, June 18th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $51.00.

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.