Seadrill Limited (NYSE:SDRL) Shares Bought by Hosking Partners LLP

Key Points

• Hosking Partners LLP increased its stake in Seadrill Limited by 8.2%, owning 566,610 shares valued at approximately $14.2 million by the end of the first quarter.
• Seadrill reported a loss of ($0.68) earnings per share in its last quarterly earnings, missing the consensus estimate, but achieved revenues of $377 million, surpassing expectations.
• Institutional investors own approximately 95.67% of Seadrill's stock, indicating significant institutional interest in the company.

Hosking Partners LLP grew its stake in shares of Seadrill Limited (NYSE:SDRL - Free Report) by 8.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 566,610 shares of the oil and gas company's stock after acquiring an additional 42,794 shares during the quarter. Hosking Partners LLP owned about 0.91% of Seadrill worth $14,165,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Summit Investment Advisors Inc. boosted its stake in shares of Seadrill by 4.7% during the 4th quarter. Summit Investment Advisors Inc. now owns 7,268 shares of the oil and gas company's stock worth $283,000 after acquiring an additional 325 shares in the last quarter. CWM LLC raised its position in shares of Seadrill by 30.8% during the 1st quarter. CWM LLC now owns 3,585 shares of the oil and gas company's stock worth $90,000 after purchasing an additional 845 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Seadrill by 1.8% in the 1st quarter. Principal Financial Group Inc. now owns 47,666 shares of the oil and gas company's stock valued at $1,192,000 after acquiring an additional 863 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in Seadrill by 7.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 14,241 shares of the oil and gas company's stock valued at $356,000 after acquiring an additional 973 shares during the last quarter. Finally, Versant Capital Management Inc raised its holdings 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 valued at $34,000 after acquiring an additional 1,084 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

Seadrill Stock Up 3.4%

SDRL stock traded up $0.96 during midday trading on Friday, hitting $29.13. The company's stock had a trading volume of 553,315 shares, compared to its average volume of 779,918. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.21. Seadrill Limited has a 52-week low of $17.74 and a 52-week high of $45.82. The firm has a market capitalization of $1.81 billion, a P/E ratio of 26.01 and a beta of 1.61. The firm has a 50-day simple moving average of $28.28 and a 200-day simple moving average of $26.64.

Seadrill (NYSE:SDRL - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The oil and gas company reported ($0.68) earnings per share for the quarter, missing analysts' consensus estimates of $0.68 by ($1.36). The company had revenue of $377.00 million during the quarter, compared to analysts' expectations of $365.73 million. Seadrill had a net margin of 5.68% and a return on equity of 1.58%. As a group, equities analysts forecast that Seadrill Limited will post 1.86 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Fearnley Fonds downgraded shares of Seadrill from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 30th. BTIG Research set a $28.00 price target on shares of Seadrill in a report on Monday, May 5th. Citigroup reiterated a "buy" rating and issued a $36.00 target price (up previously from $35.00) on shares of Seadrill in a report on Wednesday, June 18th. Finally, BWS Financial reiterated a "buy" rating and issued a $80.00 target price on shares of Seadrill in a report on Tuesday, May 13th.

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.