Seadrill Limited (NYSE:SDRL) Shares Purchased by Thomist Capital Management LP

Thomist Capital Management LP boosted its stake in Seadrill Limited (NYSE:SDRL - Free Report) by 60.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 700,448 shares of the oil and gas company's stock after buying an additional 264,828 shares during the quarter. Seadrill makes up about 6.5% of Thomist Capital Management LP's investment portfolio, making the stock its 6th largest position. Thomist Capital Management LP owned 0.95% of Seadrill worth $26,862,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new position in Seadrill in the fourth quarter worth $28,000. Sterling Capital Management LLC lifted its position 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 buying an additional 1,384 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Seadrill by 10.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,754 shares of the oil and gas company's stock worth $146,000 after buying an additional 354 shares in the last quarter. Crestline Management LP bought a new stake in Seadrill during the 4th quarter worth about $216,000. Finally, Cibc World Markets Corp acquired a new stake in Seadrill in the 4th quarter valued at about $253,000. 95.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Seadrill Trading Down 0.3%

SDRL traded down $0.06 during trading on Friday, reaching $22.76. 104,913 shares of the company's stock were exchanged, compared to its average volume of 961,323. The company's fifty day moving average price is $22.52 and its 200-day moving average price is $30.94. The firm has a market capitalization of $1.42 billion, a PE ratio of 3.96 and a beta of 1.48. Seadrill Limited has a fifty-two week low of $17.74 and a fifty-two week high of $56.46. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.53 and a current ratio of 2.53.

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 analysts' consensus estimates of $0.25 by ($0.48). Seadrill had a net margin of 27.79% and a return on equity of 7.24%. The company had revenue of $335.00 million during the quarter, compared to the consensus estimate of $325.69 million. As a group, equities analysts forecast that Seadrill Limited will post 1.86 EPS for the current year.

Seadrill 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.