Goehring & Rozencwajg Associates LLC Has $30.15 Million Holdings in Seadrill Limited (NYSE:SDRL)

Goehring & Rozencwajg Associates LLC boosted its stake in Seadrill Limited (NYSE:SDRL - Free Report) by 151.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,200,201 shares of the oil and gas company's stock after buying an additional 723,827 shares during the quarter. Seadrill makes up about 5.5% of Goehring & Rozencwajg Associates LLC's investment portfolio, making the stock its 7th largest position. Goehring & Rozencwajg Associates LLC owned 1.93% of Seadrill worth $30,149,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of SDRL. Headlands Technologies LLC bought a new stake in shares of Seadrill during the fourth quarter worth approximately $28,000. Caldwell Sutter Capital Inc. bought a new stake in shares of Seadrill during the first quarter worth $30,000. Farther Finance Advisors LLC lifted 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 in the last quarter. Versant Capital Management Inc boosted its stake in Seadrill by 412.2% in the 1st quarter. Versant Capital Management Inc now owns 1,347 shares of the oil and gas company's stock worth $34,000 after purchasing an additional 1,084 shares during the period. Finally, Sterling Capital Management LLC increased 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 purchasing an additional 1,384 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on SDRL. Citigroup restated a "buy" rating and issued a $36.00 price objective (up previously from $35.00) on shares of Seadrill in a research note on Wednesday, June 18th. BTIG Research set a $28.00 price target on Seadrill in a research note on Monday, May 5th. Finally, BWS Financial restated a "buy" rating and issued a $80.00 price target on shares of Seadrill in a research note on Tuesday, May 13th.

Seadrill Stock Up 0.4%

Seadrill stock traded up $0.11 during midday trading on Monday, hitting $29.22. 1,091,363 shares of the stock were exchanged, compared to its average volume of 1,023,829. Seadrill Limited has a 52-week low of $17.74 and a 52-week high of $56.46. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of 5.52 and a beta of 1.60. The business's 50-day moving average price is $25.36 and its 200-day moving average price is $27.96. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.21.

Seadrill (NYSE:SDRL - Get Free Report) last released its earnings results 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 firm had revenue of $335.00 million during the quarter, compared to analysts' expectations of $325.69 million. On average, research analysts expect that Seadrill Limited will post 1.86 EPS for the current fiscal year.

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.