RFG Advisory LLC Invests $268,000 in Seadrill Limited $SDRL

Key Points

• RFG Advisory LLC has invested approximately $268,000 in Seadrill Limited by acquiring 10,200 shares during the second quarter.
• Institutional investors hold 95.67% of Seadrill's stock, with several hedge funds significantly increasing their positions over recent quarters.
• Analysts have a consensus rating of "Hold" for Seadrill, with an average price target set at $43.20, after mixed ratings from various research firms.

RFG Advisory LLC purchased a new position in shares of Seadrill Limited (NYSE:SDRL - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,200 shares of the oil and gas company's stock, valued at approximately $268,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SDRL. Caitong International Asset Management Co. Ltd raised its position in shares of Seadrill by 254.1% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,133 shares of the oil and gas company's stock worth $28,000 after purchasing an additional 813 shares during the period. GAMMA Investing LLC raised its position in shares of Seadrill by 319.3% during the 2nd quarter. GAMMA Investing LLC now owns 1,237 shares of the oil and gas company's stock worth $32,000 after purchasing an additional 942 shares during the period. Farther Finance Advisors LLC increased its position in Seadrill by 10,733.3% in the 1st quarter. Farther Finance Advisors LLC now owns 1,300 shares of the oil and gas company's stock valued at $33,000 after acquiring an additional 1,288 shares during the period. Signaturefd LLC increased its position in Seadrill by 679.3% in the 2nd quarter. Signaturefd LLC now owns 1,886 shares of the oil and gas company's stock valued at $50,000 after acquiring an additional 1,644 shares during the period. Finally, CWM LLC increased its position in Seadrill by 30.8% in the 1st quarter. CWM LLC now owns 3,585 shares of the oil and gas company's stock valued at $90,000 after acquiring an additional 845 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SDRL has been the topic of several analyst reports. Weiss Ratings restated a "hold (c-)" rating on shares of Seadrill in a research report on Wednesday, October 8th. Citigroup raised their target price on Seadrill from $40.00 to $42.00 and gave the company a "buy" rating in a research report on Wednesday, October 8th. Fearnley Fonds cut Seadrill from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Zacks Research upgraded Seadrill from a "strong sell" rating to a "hold" rating in a research report on Tuesday, October 7th. Finally, SEB Equity Research set a $33.00 price target on Seadrill in a research note on Monday, September 1st. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $43.20.

Seadrill Stock Performance

SDRL opened at $29.51 on Monday. The firm has a market cap of $1.84 billion, a PE ratio of 26.35 and a beta of 1.58. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.21. The business has a fifty day simple moving average of $31.17 and a 200-day simple moving average of $27.32. Seadrill Limited has a fifty-two week low of $17.74 and a fifty-two week high of $42.36.

Seadrill (NYSE:SDRL - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The oil and gas company reported ($0.68) earnings per share 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 the consensus estimate of $365.73 million. Seadrill had a return on equity of 1.58% and a net margin of 5.68%. As a group, equities analysts predict that Seadrill Limited will post 1.86 EPS for the current fiscal year.

About Seadrill

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.

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