Seadrill Limited (NYSE:SDRL) is Thomist Capital Management LP's 6th Largest Position

Thomist Capital Management LP increased its holdings in shares of Seadrill Limited (NYSE:SDRL - Free Report) by 60.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 700,448 shares of the oil and gas company's stock after purchasing an additional 264,828 shares during the period. Seadrill accounts for 6.5% of Thomist Capital Management LP's investment portfolio, making the stock its 6th largest holding. Thomist Capital Management LP owned 0.95% of Seadrill worth $26,862,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of SDRL. Barclays PLC increased its stake in Seadrill by 48.5% in the 3rd quarter. Barclays PLC now owns 930,942 shares of the oil and gas company's stock valued at $36,996,000 after buying an additional 303,839 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Seadrill by 25.6% in the third quarter. JPMorgan Chase & Co. now owns 88,039 shares of the oil and gas company's stock valued at $3,499,000 after acquiring an additional 17,955 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Seadrill by 261.5% during the fourth quarter. SG Americas Securities LLC now owns 89,969 shares of the oil and gas company's stock worth $3,502,000 after acquiring an additional 65,078 shares during the period. Janney Montgomery Scott LLC purchased a new position in Seadrill during the fourth quarter worth about $517,000. Finally, Entropy Technologies LP purchased a new position in Seadrill during the fourth quarter worth about $288,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on SDRL shares. Citigroup dropped their target price on Seadrill from $46.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, March 19th. BWS Financial reaffirmed a "buy" rating and set a $80.00 price objective on shares of Seadrill in a report on Tuesday, May 13th. Finally, BTIG Research set a $28.00 target price on shares of Seadrill in a research report on Monday, May 5th.

Seadrill Price Performance

SDRL traded down $0.50 during trading on Wednesday, reaching $23.29. 413,939 shares of the stock were exchanged, compared to its average volume of 963,081. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.53 and a quick ratio of 2.53. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 4.06 and a beta of 1.48. Seadrill Limited has a 1 year low of $17.74 and a 1 year high of $56.46. The business's 50 day moving average price is $22.55 and its two-hundred day moving average price is $31.00.

Seadrill (NYSE:SDRL - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The oil and gas company reported ($0.23) 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 business had revenue of $335.00 million during the quarter, compared to analysts' expectations of $325.69 million. As a group, equities research analysts anticipate that Seadrill Limited will post 1.86 earnings per share for the current 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.